Two Rivers Realty Partners Two Rivers Realty Partners

Thoughtful housing and hospitality, rooted in Virginia

James River, Williamsburg, VA

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Who we are

Two Rivers Realty Partners is a real estate investment and development firm focused on purposeful, community-oriented projects. We own and operate a portfolio of multifamily and hospitality assets across Virginia, with a focus on infill and redevelopment that blends long-term value with local character.

$7.1MInvested in capital improvements
378Homes owned or entitled
3Properties acquired directly from the original owners
4.9Google guest rating at the Rochambeau Roadside Inn

Projects

What we are currently working on.

All projects
Renovating Phase II Ashland Crossing: a white-painted brick townhome building with its leasing sign on the front lawn

Front of Ashland Crossing Phase I, completed May 2023

Ashland Crossing

Two neighboring, long-held family properties bought off-market, Ashland Crossing in 2022 and The Oaks in 2026, and brought together as one community.

LocationAshland, VA
TypeMultifamily
Scale70 homes
RoleSponsor & owner
Stabilized The Avalon team outside a renovated building with a new patio and pergola

Lyle pictured with members of the Rock Creek and Gates Hudson team outside the new leasing office, May 2025

Avalon Townhomes

182 townhomes near Buckroe Beach, bought with Rock Creek Property Group in May 2025. The renovation program finished in August 2026, fifteen months after closing, and the community is 95% leased.

LocationHampton, VA
TypeMultifamily
Scale182 homes
RoleJV co-sponsor

In the press

Williamsburg Yorktown Daily Local businesses, leaders honored at Greater Williamsburg Chamber awards June 2026 Virginia Business Avalon Townhomes in Hampton sell for $26.5M May 2025 Coastal Virginia Magazine Modernizing the Motor Lodge September 2024 The Winchester Star City Council clears rezoning for Village at Valor Crossing April 2023
“Having worked with numerous JV partners on design- and construction-intensive deals, I can say without hesitation that my experience with Lyle Schiavone on the Avalon Townhome deal was exceptional. He combines real talent with relentless energy, and he's simply a top-notch partner. I'd welcome the chance to work with him again.”
Jon Lastuvka · Executive Vice President, Rock Creek Property Group

Capital & project partners

HomeTrust Bank Old Dominion National Bank Freddie Mac Rock Creek Property Group Wakefield Development Williamsburg Economic Development Authority