Formed in 1978 and headquartered in Norfolk Virginia, Frye Properties, Inc. provides real estate development, property management and construction services. The company has acquired and rehabilitated more than 5,000 units in 22 multifamily complexes in the Southeast. Over the past five years, Frye Properties, Inc. has focused on a complete revamping of its properties in Virginia, North Carolina, South Carolina and Georgia. The most significant of these projects include the $20 million reconstruction of the 434-unit Mariners Watch complex in Norfolk Virginia and the $15 million rebuilding and additional new construction of the 682-bed River Walk student housing complex in Greensboro North Carolina. The company’s current multifamily portfolio includes more than 3,400 housing units located in Virginia, North Carolina, South Carolina, and Georgia, including two student housing developments in Charlottesville Virginia, and Greensboro North Carolina.