University Heights Charlottesville, Virginia

This 416-unit apartment complex is situated adjacent to the campus of the University of Virginia. It was purchased in 1985 and has been managed by Frye Properties, Inc. since acquisition. This property is the flagship student housing community property in Charlottesville. The apartments were extensively ($5.0 million) renovated in 1999 and 2000. Renovations included new kitchens, baths, flooring, fixtures, replacement of heating and air conditioning systems, windows, mansard roofs, landscaping and lighting. The strategic location and property enhancements have allowed the neighborhood to compete successfully in the Charlottesville/Albemarle County market.

For more information, visit www.uheights.net.