Property managers
S.L. Nusbaum Realty
S.L. Nusbaum Realty Co. is a Norfolk, Virginia real estate firm founded in 1906. It manages, develops, leases, and sells multifamily and commercial property, and describes itself as serving the Southeast and Mid-Atlantic.
Property management covers apartment communities and commercial properties, with a stated focus on operational performance, tenant satisfaction, and asset value. The brokerage side advises tenants, landlords, buyers, and sellers on lease negotiation, relocation, expansion or consolidation, building acquisition, and build-to-suit opportunities, and includes capital markets and business brokerage. A development and acquisitions team handles new projects for clients and investors.
A separate financial services division provides accounting for both managed and non-managed properties, construction accounting through development, HUD cost certification support, cost segregation studies, insurance consulting, auditor fee negotiation, and payroll, information technology, and human resources support for owners who would rather not staff a back office.
The firm was started by Sidney Leon Nusbaum in Norfolk and remains family-led. It states that it is licensed in Virginia, North Carolina, South Carolina, and Georgia. Offices are listed in Norfolk and Richmond, Virginia. A community outreach program, SLN Cares, was created in 2021.
Best for
Apartment and shopping-center owners in Virginia and the Carolinas who want third-party management with in-house accounting, HUD cost certification, and leasing from the same firm.
What they do
- Multifamily property management
- Commercial and retail property management
- Tenant and landlord advisory
- Buyer and seller advisory
- Commercial sales and leasing
- Capital markets
- Business brokerage
- Development and acquisitions
- Property and construction accounting
- HUD cost certification support
- Cost segregation studies
- Back-office payroll, IT, and HR services
Details
| Attribute | Value |
|---|---|
| Founded | 1906 |
| Ownership | Private |
| Other offices | Richmond, VA |
| Licenses | Licensed in Virginia, North Carolina, South Carolina, and Georgia |
What stands out
- Founded in Norfolk, Virginia in 1906 and still family-led
- States it is licensed in Virginia, North Carolina, South Carolina, and Georgia
- Keeps offices in Norfolk and Richmond, Virginia
- Financial services division provides HUD cost certification support and cost segregation studies
- Provides accounting for non-managed properties as well as those it manages