News Tip

Reynolds Asset Management Celebrates Completion of Violet Estates with Community Contribution

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In its ongoing commitment to encouraging economic growth in the Poughkeepsie community, Reynolds Asset Management (Reynolds) celebrated the completion of its Violet Estates property, a new 55+ active-adult community, with a contribution to the Fairview Fire District. The contribution totaled more than $45,000, which will directly support the fire district’s operations to ensure the highest level of community safety.

“It’s been a pleasure working with the Reynolds team to ensure we have the necessary resources to properly serve the Violet Estates property along with the rest of our community,” said Chief Timothy Gilnack, head fire chief of the Fairview Fire District. “These funds will help offset improvements to our administrative infrastructure by upgrading computers, policies and procedures—critical tools in maintaining smooth operations throughout the department.”

Violet Estates is located at 35 Violet Avenue in the Fairview neighborhood of Poughkeepsie. The development features 84 units ranging from studios to two-bedroom townhomes. The property also offers residents 7,000 square feet of retail space, a community center featuring a resident lounge and private fitness center, as well as various outdoor amenities such as bocce ball courts and a dog park.

“In every project we take on, we hold economic development and community needs as top priorities,” said Lou Reynolds, president and CEO of Reynolds. “With Violet Estates, we sought to answer the need for housing in Dutchess County, but we also wanted our impact to extend past our property lines. We know this contribution to the Fairview Fire District will go a long way in keeping the community safe.”

For more information on Reynolds Asset Management and Violet Estates, visit:

About Reynolds Asset Management

Founded in 2003, Reynolds Asset Management is a vertically integrated commercial real estate investment and development firm, primarily specialized in multi-family apartment living. Based in Paramus, New Jersey, Reynolds’ residential development portfolio includes multi-million-dollar, multifamily projects in New York, New Jersey, Connecticut and Florida. For more information on current projects, visit or connect with the firm on LinkedIn.

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