The Breeden Co. restructures property management division

The Breeden Co., a Virginia Beach-based real estate development firm, is restructuring its property management division.

Barry Tomlin, vice president of property management at The Breeden Co. in Virginia Beach, will leave the company Aug. 5, Breeden announced last week.

Tomlin has been with Breeden since 2007.

“Over the last 10 years, we have created a considerable amount of value in the multifamily sector through the implementation of our trademarked luxury lifestyle brand, Enriched Lifestyle Communities, as well as pursuing more business opportunities in the third-party management side of the industry. We appreciate Barry’s contributions to the property management division. Under his stewardship, he has created a strong portfolio, where our communities are averaging 98% occupancy. Because of his work, our organization is positioned to take advantage of new opportunities. We all wish Barry the very best,” Founder and Chairman Ramon W. Breeden Jr. said in a statement.

With Tomlin’s departure, two other executives will take on new roles. Bonnie Moore will be president of property management, a change from her role as the division’s operations director. Additionally, Mark Denny has been promoted to vice president of property management, supporting the goals and initiatives of the division.