Harvey Lindsay acquires condo management portfolio

Harvey Lindsay Commercial Real Estate acquired a management portfolio of 50 buildings in the Hampton Roads region, the Norfolk-based real estate firm announced Tuesday.

A Harvey Lindsay representative said the financial terms of the acquisition from Norfolk-based leasing and property management company Cavalier Land were confidential. Harvey Lindsay will assume management of the portfolio, which spans 30 associations and 750 condo owners, on Jan. 1, 2024. The majority of the buildings are located in Norfolk, with some in Virginia Beach, according to a Harvey Lindsay representative.

The company will create an association management division and hire two employees currently responsible for association operations, including Adams Darden, Cavalier Land’s common interest community manager, who will join Harvey Lindsay in January as director of association management.

“The condominium and HOA management division gives Harvey Lindsay another way to serve our region and our clients. We have made substantial investments in personnel and technology — making it possible to operate this portfolio to the highest quality standards,” Robert King, president and chairman of Harvey Lindsay, said in a statement.

Founded in 1919, Harvey Lindsay provides brokerage services, asset management and property management in the Hampton Roads region.