Frye Properties, Inc
Jeff Wermers has a diverse and extensive work experience in the real estate and construction industry. Jeff started their career in 1991 as the Vice President and CFO at Genesis Group, Inc., where they played a crucial role in identifying successful projects and securing financing. In 2002, they founded Wermers Development, Inc., where they served as the President and CFO. During their tenure, they oversaw the entire development and construction process, including finance, engineering, planning, architecture, marketing, and construction. Jeff also created financial projections and managed multi-year projects. In 2016, Jeff joined Frye Building Corp. as the Controller & Construction Operations Manager. Jeff was responsible for overseeing financial operations and construction management until their departure in 2022. Additionally, in 2016, they became part of Frye Properties, Inc. and held the positions of Financial Controller, Vice President of Construction, and Chief Financial Officer.
Jeff Wermers attended James Madison University from 1984 to 1988, where they pursued a degree in Business with a focus on Finance/Economics.
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Frye Properties, Inc
Formed in 1978 and headquartered in Norfolk Virginia, Frye Properties, Inc., is a full-service development and real estate management company with a focus on the investment, development, and management of income-producing properties in the southeast, primarily apartment complexes, including the purchase and turnaround of under-managed properties utilizing the efficient and full service nature of the management program. The company has acquired and rehabilitated more than 5,000 units in 22 multifamily complexes in the Southeast. The company’s current multi-family portfolio includes more than 3,400 housing units located in Virginia, Tennessee, South Carolina, and Georgia, including a student housing development in Charlottesville, Virginia. Recent initiative have included the development of high-end single-family development tracts undertaken by Frye Building Corporation division.