Commonwealth Properties

About Commonwealth Properties

Commonwealth Properties is a real estate operator. Commonwealth Properties operates in Columbia, South Carolina, Richmond, Virginia and Virginia Beach - Norfolk - Hampton Roads, Virginia. Its investment focus is on Multifamily - Ground-up.

Commonwealth Properties, LLC is a privately held multifamily development and investment firm based in Richmond, Virginia. Founded by Steve Middleton in 1998, the company has operated for more than 25 years and LinkedIn lists a workforce of 11–50 employees. Its website identifies more than 50 years of combined leadership experience and lists 12 apartment and townhome communities or projects across its portfolio history. The company focuses on acquiring, developing, owning, and asset-managing multifamily properties throughout the Southeast, with projects in Virginia, South Carolina, and North Carolina. Its work includes luxury and market-rate apartments, townhomes, new ground-up development, acquisitions, design and construction oversight, and long-term ownership. Current developments include 2222 Main View, a 320-unit luxury apartment project in Columbia, South Carolina, scheduled for initial move-ins in March 2027. Commonwealth generally limits itself overall to a small number of developments each year and uses third-party managers, including Greystar, at several stabilized communities.

Principals at Commonwealth Properties