Management

Fryd Properties has been managing properties for over 15 years. Our management expertise includes apartments, offices, retail as well as mixed use properties.

Our management duties are all inclusive and include:

  • Overseeing leasing / negotiating renewals and new leases
  • Overseeing all Tenant Improvements - whether done by Tenant or Landlord
  • Marketing
  • All day to day cleaning / repair obligations
  • The determination and execution of all capital improvement projects (including but not limited to repainting, parking area resurfacing, HVAC system replacements and roof replacements)
  • Accounting duties (including):
    - Rent collection and tracking
    - CAM collection and billing
    - All accounts payable
    - Prepare year-end information, and bank reconciliations for accountant to prepare tax return
    - Review tax return
    - Prepare all sales tax returns, collect and pay all sales tax
    - Prepare all reports as required for property owners / banks
  • Oversee all legal proceedings (including):
    - Evictions
    - Security Deposit Claims
    - Civil Claims cases
    - Liability and Personal Injury Cases
  • Handle all governmental interaction (including):
    - Resolve all Code Compliance issues
    - Resolve all Fire Code Compliance issues
    - Oversee all Real Estate Tax Appeals
  • Negotiating and overseeing all maintenance contracts
  • Handle all matters relating to insurance and insurance claims

Banking
An important part of property management is the relationship with the lender and the property banker. Fryd Properties has day to day banking relationships with several banks including: Mellon Bank, Union Planters Bank, Colonial Bank and City National Bank. Fryd Properties has overseen the financing of over $75 million in new financing. We happily list any of the below mentioned institutions as a reference.

A partial list of financial institutions we have originated funding through:

  • Lehman Brothers
  • GE Capital
  • Mellon United Bank
  • Suntrust Bank
  • Wachovia (both commercial and conduit)
  • Great Northern Annuity
  • ULLICO
  • Total Bank

In addition to the above, we take care of the reporting required for existing mortgages originated by:

  • Marine Midland
  • Colonial Bank
  • Union Planters Bank
  • GMAC
  • City National Bank

Currently we manage over 500,000 SF of properties valued at over $125 million. The projects we have managed include:

Retail

 Blockbuster Plaza, Miami Beach Florida

 1000 block of Lincoln Road, Miami Beach, Florida (includes The Gap, Pottery Barn / Williams Sonoma, Bebe, Johnny Rockets / Quicksilver Boardriders Club / Sunglass Hut)

 Kendall 1 Plaza, Pinecrest, Florida (includes Ross, Kinkos, and DSW)

 Blockbuster Video (Hudson, Florida and Palatka, Florida)

 United States Post Office (4 each freestanding)

 Kings Pointe Plaza, Tamarac, Florida

 Eatontown Plaza, Eatontown, New Jersey

 Lincoln Alton Building, Miami Beach, Florida

 Las Tiendas Shopping Center, Hialeah, Florida

Office

 555 Washington Avenue, Miami Beach, Florida

 Jefferson Plaza

 Kendall 1 Plaza

 The Lincoln Alton Building

 The 1st Nationwide Building

 The Old Post Office Building, Miami, Florida

Mixed Usage

 Espanola Way, Miami Beach, Florida (Retail, Offices, Apartments, Artists Lofts)

 The McCrory Building, Miami Beach, Florida (Retail, Restaurant, Nightclub)

 The Goldkress Building, Miami Beach, Florida (Retail, Museum, Nightclub)

 The Ocean Washington Building, Miami Beach, Florida (Retail, Office, Restaurant)

Apartments

 1509-1513 West Avenue

 4015-4025 Meridian Avenue (Al Lazar Apartments)

 The Viking Apartments (144 units, low income tax credit housing)

 Vista Greens Apartments (330 units, low-moderate income housing)