Our Story

Gumenick Properties is an award-winning real estate development and management company with operations in central and southeast Virginia. Founded in the late 1940s, the company now engages in three primary lines of business — apartment community development and operation, new home building, and commercial office and retail investment. Gumenick Properties has worked diligently to be a positive force in the areas in which it operates. This means providing quality homes for customers as well as being engaged in local communities. The company's actions are guided not only by prudent business imperatives but also by heartfelt values.

Gumenick Homebuilding toy house

The company currently owns and operates investment properties in Virginia. These apartment communities, and commercial office and retail properties are all located in thriving metropolitan areas, and consistently receive national recognition for excellence in customer service, appearance and maintenance.

Gumenick Properties is also engaged in homebuilding activities, primarily in Central Virginia. The company has made a strategic decision to focus on the quality of its ventures rather than quantity. This means that every new community and every new home represents a unique and sophisticated union of attractive architecture, pleasing landscaping and innovative use of modern materials and construction techniques. As a result, Gumenick Properties' townhomes and condominiums have met with an enthusiastic reception and enjoyed rapid sales.

Because the company does business in economically robust areas, large tracts of undeveloped land often are unavailable for development. Accordingly, Gumenick Properties has acquired extensive experience in neighborhood revitalization, a specialty it will continue to refine in the future. These projects meet many needs, including curbing suburban sprawl, enhancing local tax bases and meeting long-term community goals set by elected leaders and professional planners. The company's revitalization work always has been undertaken with respect for local sensitivities and needs. As a result, Gumenick Properties' revitalization projects have garnered praise and ready acceptance from customers, neighbors, civic leaders, and professional organizations such as the Urban Land Institute of Virginia, the Greater Richmond Association of Commercial Real Estate, and the Richmond Real Estate Group.

Mission, Vision, Values

Successful companies operate with a clear sense of purpose. Gumenick Properties' Mission Statement expresses precisely our business goals and provides us with a focal point that reflects our history, our knowledge and our experience.

Mission

The Mission of Gumenick Properties is to create value by developing, acquiring and managing quality real estate while providing excellent customer Service

Vision

Building on our foundation of high integrity and philanthropy, we are committed to our heritage and reputation by continuing to provide value, innovation and excellence in all our endeavors. With a sense of pride and respect for others, we will pursue personal responsibility, a sense of spirit and a commitment to the success of our employees, our customers, our community and each other.

Values

Integrity - Honesty and fairness are essential to the way we do business and how we interact with people. We will take personal responsibility for our actions

Respect for People - We treat each other fairly, with trust and respect, valuing cultural and individual differences. We will create a culture which values teamwork and individual development.

Ethical Conduct - While successful achievement of our goals is paramount, we will operate in a manner consistent with the highest ethical standards.

Community - We are committed to enriching and improving the vitality of our communities. We accomplish this by encouraging involvement of all associates in community activities and through development of fine communities.

Value - We are committed to continuous improvement in the quality of our products and services, and will always strive to anticipate and satisfy customer expectations.

Innovation - We are committed to continually enhancing our products and services by embracing creativity and encouraging the pursuit of new opportunities.

Financial Viability - We are committed to producing strong and consistent financial results to remain a profitable company.