Property Management

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.

From the $20 million reconstruction of the 434-unit Mariner’s Watch in Norfolk, Va., to the $30 Million acquisition and rebuilding of the 420-unit University Heights 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.

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
Garden, mid-rise, mixed-use, rent controlled
HUD, Affordable Tax-Credit
Federal Historic Tax Credit Preservation and Adaptive Reuse
Senior housing
Class A, B, C, vintage early 1900s through new construction
Retail
Commercial

Frye customizes our management services

We manage your property like we manage our own. We provide financial acuity and operational excellence that maximizes your return on investment because we know the importance of balancing the maintenance of your asset with the distribution of cash.