Frye Museum

Frye Museum

Transaction Details

Client: Frye Art Museum
Size: 57,000 SF
Space Type: Arts/Education, Office
Sector: Non-Profit
Service Line: Consulting & Strategic Planning, Portfolio Management & Optimization
Keywords: Museum

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Relatively small changes in the way the existing portfolio is managed could indeed generate a substantial revenue increase.

Challenge

The Frye family estate’s endowment of properties generates revenue that supports the much-admired Frye Art Museum. Successful as the family had been in terms of property management over the years, they knew it was time to commission a professional real estate portfolio review to ensure future profitability.

Solution

Kinzer’s experience with non-profit organizations was critical as the team proceeded to review all aspects of the estate’s portfolio. After a thorough review, the strategic recommendations included a plan for managing and monitoring funds generated by existing properties. By putting the plan into action, Kinzer estimated the estate could increase its endowment by 10 to 20 percent per year.