Print
Real Estate - Residential

Property Management Firm Announces Merger

By Cece Nunn, posted Sep 16, 2014
A real estate property management company and brokerage with offices in Wilmington and Cary is in the process of merging with another local property management firm.

Victory Real Estate Property Management and Southern Retreats Management Co., a smaller firm, are combining, Victory announced Tuesday, with the Southern Retreats name dissolving at the end of 2014.

The merger adds 60 properties to Victory’s list, for a total of 300 rental properties the combined company manages. Victory also offers advice on real estate investments and sales.

Broker and owner Ralph Hunter founded Victory in 2005. The firm has a Wilmington office in Suite 1A at 4002 ½ Oleander Drive.

The merger has "been something that our owner has been wanting to do for years, and he was looking for the right staff to accompany him in this change,” said Sarah Fraser, marketing director for Victory. “He felt like Southern Retreats complemented what we had.”

The change and an additional hire bring Victory’s number of employees up from three to six -- five full-time and one part-time.

Victory Real Estate Property Management's office in Cary is in Suite 200 at 1135 Kildaire Farm Road.

In addition to the Wilmington area, the firm offers its services in Cary, Raleigh, Durham and surrounding communities.

Victory also announced Tuesday that it has partnered with another company Hunter owns, MoveZen, a business that puts on one website a variety of resources for those who plan to move to Wilmington or the Raleigh/Durham area.

“It’s a centralized place for making moving manageable,” Fraser said.

She said Victory’s future plans include possibly expanding into the management of apartment complexes and adding new positions. 

Story On The Map

Ico insights

INSIGHTS

SPONSORS' CONTENT
Untitleddesign2 4523114356

Cybersecurity and Productivity: Striking the Perfect Balance for Business Success

Barrett Earney - EarneyIT
Burrus rob headshot 300x300

Spreading Wings for Flight: 2nd Annual Trade Show Highlights the Ingenuity of UNCW Business Students

Robert Burrus - Cameron School of Business - UNC-Wilmington
Jordain 422430214

Why Messing Up is Essential for Business and How to Do it More

Jordan Cain - APPROVE

Trending News

Riverlights Could Add 73 More Townhomes To Mix, Site Plans Show

Staff Reports - Apr 18, 2024

Game Over For Michael Jordan Museum At Project Grace

Audrey Elsberry - Apr 19, 2024

City Approvals Push Forward Plans For Former Wilmington Fire Stations

Emma Dill - Apr 17, 2024

Surf City Embarks On Park’s Construction

Cece Nunn - Apr 19, 2024

Taking Marine Science On The Road

Lynda Van Kuren - Apr 19, 2024

In The Current Issue

Taking Marine Science On The Road

“My mission and my goal is to take my love of marine science, marine ecosystem and coastal ecosystems and bring that to students and teacher...


Funding A Food Oasis: Long-awaited Grocery Store Gains Momentum

With millions in committed funding from New Hanover County and the New Hanover Community Endowment, along with a land donation from the city...


Surf City Embarks On Park’s Construction

“Our little town, especially the mainland area, is growing by leaps and bounds. So having somewhere else besides the beach for kids to go an...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season