ServiceDevelopmentProperty ManagementConstructionMortgage Bank/Equity PlacementTelecommunications


Ripley Heatwole Company (RHC) is a full service development firm with a variety of services. Affiliates include a Class-A General Contractor, Mortgage Banking Services, Property Management Services, and Telecommunications.


Ripley Heatwole Company (RHC) specializes in developments ranging from large communities with over 400 units, to affordable housing communities which average around 120 units. To date, RHC has developed over 5,000 residential units (both for rent and for sale), and currently has 168 units under construction with over 400 units on the boards.

Property Management

In addition to our development capabilities, Ripley Heatwole Company (RHC) is also a successful management company with a current portfolio of over 3,000 units. Our dedicated property management team has had notable achievement in the market with both lease-up and resident retention. Many of the properties we manage have received awards for outstanding curb appeal, ongoing maintenance, customer service, and superior management.

Construction/Construction Management

RH Builders (RHB) is a Class-A General Contractor that provides quality construction and construction management services for both residential and commercial projects. RHB works closely with the development team to ensure timely approval of plans and issuance of permits. RHB's expertise includes new construction, rehabilitation / renovation of existing properties, land development, and infrastructure improvements. RHB's skills in sub-contractor negotiation, supervision of project schedules, and tracking of costs ensures projects are completed on time and on budget.

Mortgage Banking/Equity Placement

Virginia Financial Advisors (VFA) offers loan and equity placement services for real estate acquisition, development, and construction. VFA supervises the preparation of documents and prepares applications for a variety of housing programs, including market-rate loans, affordable housing loans, and Low Income Housing Tax Credits (LIHTC). VFA's expertise and creativity allow its clients to produce housing based on sound economic principals, despite ever changing financial markets.

Additionally, VFA is a Virginia Housing Development Authority (VHDA) approved mortgage banker. They have placed with VHDA construction loans, permanent financing, forward funding, and immediate funding. These financings have included taxable bonds, tax-exempt bonds, and the Virginia Housing Fund.

VFA has also placed loans, or secured letters of credit for the development of projects from Bank of America, Wachovia Bank & CDC, BB&T, Towne Bank, Pillar, Bank of Hampton Roads, First American Bank, Bank of Windsor, Crestar Bank, Cenit Bank, Investors Savings and Loan, Mass Mutual Insurance Company, Virginia Beach Savings Bank, and Charter Municipal Acceptance Corporation. VFA has arranged equity offers from Related Capital (Alden Torch), Lend Lease (Boston Financial), Sun America, Wachovia Securities, First Partners, National Equity Fund, First Union Bank, Bank One, and others.


TELCOM Systems was established in 2003 as a video, voice, and data provider for multi-family and commercial properties throughout Virginia.

As technology in the telecommunications industry evolves, particularly in the multiple dwelling unit (MDU) environment, TELCOM continues to expand. TELCOM currently provides upgradable bulk video programming and/or retail multimedia services to over 9,000 units in more than 80 communities. In 2012, TELCOM became a private cable operator providing DISH Network video, high speed internet and telephone services at more than 20 properties.

TELCOM provides custom solutions tailored to new and existing properties using a variety of efficient and cost-effective methods, regardless of current configurations.