Real estate company that owns and leases industrial properties, primarily warehouse and office space, across the United States.
FRP Holdings, Inc. is actively involved in diverse real estate activities across the United States. The company operates through four distinct segments: Asset Management, Mining Royalty Lands, Development, and Stabilized Joint Venture. In the Asset Management segment, FRP Holdings owns, leases, and manages a portfolio of commercial properties, ensuring optimal utilization and profitability.
The Mining Royalty Lands segment adds a unique dimension to FRP Holdings' portfolio, with ownership of approximately 15,000 acres leased for mining rents or royalties primarily in Florida, Georgia, and Virginia. Additionally, this segment includes 107 acres of investment property in Brooksville, Florida, further enhancing the company's asset base.
FRP Holdings' Development segment oversees parcels of land at various stages of development, strategically positioning the company to capitalize on growth opportunities in emerging markets. Meanwhile, the Stabilized Joint Venture segment manages significant residential assets, including a 305-unit apartment building with retail space, a 264-unit residential complex with retail facilities, and a 294-unit garden-style apartment community in Henrico County, Virginia.
Incorporated in 2014 and headquartered in Jacksonville, Florida, FRP Holdings, Inc. continues to expand its footprint and strengthen its presence in the real estate sector. The company's comprehensive approach to asset management, coupled with its strategic investments across diverse segments, underscores its commitment to delivering value and sustained growth for stakeholders.