When managing a community, Frye Properties delivers unmatched standards of operation, enduring asset quality and great customer service, whether it’s a property we own or one we manage for another owner.
For over four decades, Frye Properties has acquired and rehabilitated more than 5,000 units in 22 multifamily complexes in the Southeast. We have focused on ground-up renovations of our properties in Virginia, North Carolina, South Carolina, Georgia and Tennessee. And, more recently, Frye has built luxury apartments in the East Beach community on the Chesapeake Bay in Norfolk.
From the $20 million reconstruction of the 434-unit Mariner’s Watch in Norfolk, Va., to the $30 million acquisition and renovation of the 420-unit University Heights apartment complex in Charlottesville, Va., Frye has enhanced the value of each property, and enriched the daily lives of our residents, while at the same time providing our partners, with whom we have a long history, significant returns on investment.
Characteristics of our Communities:
-
Excellent curb appeal
-
Professional, experienced, and friendly staff
-
High occupancy
-
Well-used amenities
-
Happy residents
-
Operational excellence
-
Financial efficiency
-
Significant return on investment
Our Turnkey Management Services:
-
Comprehensive budgeting
-
Annual capital-improvement schedules
-
Scheduled and unscheduled maintenance and repairs
-
Aggressive leasing strategies, successful marketing
-
In-house property upgrades and replacements
-
Beautiful, well-tended landscaping
Our Portfolio:
-
University student housing
-
High-end (under construction)
-
Garden, mid-rise, mixed-use, rent controlled
-
HUD, Tax-Credit
-
Senior housing
-
Class A, B, C, vintage early 1900s through new construction
-
Retail
-
Commercial
Frye’s Management Portfolio
Admirals Way
Chelsea at Lee Hall
Jamestown Commons
Mariner’s Watch
Ocean Pebbles
Sterling Oaks
University Heights
Village Square at East Beach
