Modern Home Builder - Winter 2017 - 75

The Wilton Cos.

A Dominant Player
The Wilton Cos. has established itself as a leader in the Richmond, Va., area.
BY ALAN DORICH

" Our focus is to continue to
grow and continue to expand
our holdings.

"

RICHARD JOHNSON, CEO,
PRESIDENT AND CHAIRMAN

The Wilton Cos. succeeds by taking a long-term view with its properties, such as by using good engineering on its locations and building safely out of flood plains.

When The Wilton Cos. acquires a property, the company takes the view
that it will own it forever, President, CEO and Chairman Richard Johnson says. "If
we buy something, the first thing we do is go in, upgrade it and bring it to a standard
investment grade," he explains. "We are constantly reinvesting in the properties to
keep them at a very high level."
Based in Richmond, Va., the company owns, develops and manages residential and
commercial properties, as well as warehouses. Founder E. Carlton Wilton started the
company in 1945 after serving in World War II. "He wanted to figure out what his
next steps were in starting off his life," Johnson explains. "His father had been a plasterer, and as the story goes, one thing he knew was he didn't want to be a plasterer."

PROFILE
THE WILTON COS.
www.thewiltonco.com / 2015 revenues: $50 million
/ Headquarters: Richmond, Va. / Employees: 30+

Winter 2017 www.mhb-magazine.com

75


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Table of Contents for the Digital Edition of Modern Home Builder - Winter 2017

Contents
Modern Home Builder - Winter 2017 - Cover1
Modern Home Builder - Winter 2017 - Cover2
Modern Home Builder - Winter 2017 - 1
Modern Home Builder - Winter 2017 - 2
Modern Home Builder - Winter 2017 - 3
Modern Home Builder - Winter 2017 - Contents
Modern Home Builder - Winter 2017 - 5
Modern Home Builder - Winter 2017 - 6
Modern Home Builder - Winter 2017 - 7
Modern Home Builder - Winter 2017 - 8
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Modern Home Builder - Winter 2017 - Cover3
Modern Home Builder - Winter 2017 - Cover4
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http://www.nxtbook.com/nxtbooks/knighthouse/mhb_vol7issue1b
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