charles r farrer partnership

What charles r farrer partnership does

Charles R Farrer Partnership, operating as CRF Properties and Farrer Bros. Properties, is a multi-generational family-owned property management company headquartered in Murfreesboro, Tennessee. The business traces its roots to 1954, when Charlie Farrer began renting residential units, and was formalized as a partnership in 1966 with his brother Fred. The current legal entity was established in 2004, when the original Farrer Bros. partnership was divided between the two families. The firm manages three distinct rental verticals — residential properties (single-family homes, duplexes, townhouses, and apartments), commercial properties in Murfreesboro and Smyrna, and self-storage units under the Farrer Bros. Storage brand — with pricing spanning $230 per week for residential units up to roughly $2,000 per month for apartments, and $80 to $475 per month for storage.

The company operates with a small team of seven and runs on Rent Manager, a third-party property management platform, with no proprietary technology stack. Revenue is generated through direct-to-consumer rental agreements across the three asset classes, with proximity to Middle Tennessee State University providing a structural demand pool for student and faculty tenants. In 2024, the firm introduced the OneApp Guarantee deposit-free leasing product and completed upgrades at its Redwood Park Apartments, indicating incremental modernization of the leasing funnel and asset quality.

Strategically, the company is a stable, owner-operated family business that has prioritized continuity and incremental expansion over aggressive growth. The portfolio has absorbed leadership transition following Charles Farrer's death in 2019, and the firm has extended into storage and a second commercial submarket in Smyrna without external funding, acquisitions, or material headcount expansion. The investment profile is that of a mature, locally entrenched small operator rather than a scaling platform.

Name

charles r farrer partnership

Legal name

CRF Properties

Website

https://crfproperty.com

Company type

Private

Founded year

2004

Operating status

Operating

Short description

Charles R Farrer Partnership is a multi-generational family-owned property management firm in Murfreesboro, Tennessee, managing residential, commercial, and self-storage rentals across Murfreesboro and Smyrna with a 70-year operating legacy.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Lessors of Residential Buildings and Dwellings (531110), Lessors of Miniwarehouses and Self-Storage Units (531130)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Single-Family Rental (SFR) Property Management (BPAJAFAB)

akta.pro secondary industry

Mixed-Use Property Management (BPAJAGAE)

Keywords

• Residential property management
• Commercial property leasing
• Self-storage rentals
• Apartment rental community
• Multi-family housing

Headquarters

HQ city

Murfreesboro

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Residential Property Rentals: Monthly rental income from residential properties including single-family homes, multi-family housing (Redwood Park Apartments), duplexes, and townhouses in the Murfreesboro area.
2. Commercial Property Rentals: Rental income from commercial units located in Murfreesboro and Smyrna areas.
3. Storage Unit Rentals: Monthly rental income from storage units (Farrer Bros. Storage) including various sizes: 10x10, 10x20, 10x25, and 40x25 units.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Charles R Farrer Partnership (operating as CRF Properties) manages, owns, and rents residential, commercial, and storage properties in the Murfreesboro and Smyrna, Tennessee areas. The portfolio includes single-family homes, duplexes, townhouses, multi-family apartments (Redwood Park Apartments), commercial units, and self-storage units (Farrer Bros. Storage) at multiple unit sizes and monthly rental rates.

Product overview

CRF Properties operates as a property management company offering a diversified portfolio of rental housing and commercial/storage solutions. The core offering includes residential properties spanning single-family homes, multi-family housing, apartments (Redwood Park Apartments), duplexes, and townhouses. Commercial units are available in Murfreesboro and Smyrna areas. The company also operates Farrer Bros. Storage, providing self-storage unit rentals. The company has served the Murfreesboro community for over 70 years, having originated from Farrer Construction Company (1954) and Farrer Bros. Properties (1966).

Differentiator

Problem solved

Functional benefit

Products and services

• CRF Properties Residential and Commercial Rentals Multi-property rental service offering single-family homes, duplexes, townhouses, and commercial units for rent in Murfreesboro and Smyrna, Tennessee, serving individuals, families, and local businesses seeking housing or commercial space.
• Redwood Park Apartments Pet-friendly apartment community located at 3020 S Rutherford Blvd in Murfreesboro, 0.7 miles from the MTSU campus, featuring 2-bedroom 2-bathroom units of 888 sq ft with recent upgrades and 6 or 12-month lease options for individuals and families seeking housing near the university.
• Farrer Bros. Storage Self-storage facility offering multiple unit sizes — 10x10 at $80/month, 10x20 at $105/month, 10x25 at $120/month, and 40x25 at $475/month — serving individuals and businesses needing storage space in the Murfreesboro area.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• OneApp GuaranteeminorStrategic or Co-development PartnerCRF Properties partners with OneApp Guarantee for their Redwood Park Apartments to make the approval process easier for prospective tenants. This partnership streamlines the rental application and approval workflow.

Scale indicators3 records

Recent moves8 records

Expansion highlights3 records

Direct peers

• Fred Farrer Properties: Direct peer formed in the 2004 split of Farrer Bros. Properties; operates the same Murfreesboro affordable-housing rental model under the founder's brother. Same geographic market, same property types, same legacy.

Broad incumbents

• Invitation Homes: Largest U.S. single-family rental operator. Comparable in core SFR rental activity but operates at national institutional scale with REIT capital structure, unlike CRF's local family-owned model.
• American Homes 4 Rent: Institutional single-family rental REIT operating thousands of homes. Same asset class and tenant base as CRF's single-family portfolio, but at vastly greater scale and with public-market governance.
• Tricon Residential: Single-family rental operator focused on U.S. Sun Belt workforce housing. Comparable tenant demographic and product type to CRF's affordable single-family and duplex offerings, but at national institutional scale.
• Greystar Real Estate Partners: Largest U.S. multifamily and student-housing property manager. Overlaps with CRF's Redwood Park student-adjacent multifamily and overall property management function, but at global institutional scale.
• Asset Living: Large third-party multifamily and student-housing property manager. Directly comparable property management service model to what CRF delivers in-house for Redwood Park and its other residential units.
• Public Storage: Largest U.S. self-storage REIT. Operates the same self-storage rental model as Farrer Bros. Storage but at national institutional scale with REIT-grade capitalization.
• Extra Space Storage: Major self-storage REIT with similar unit-size offerings and monthly subscription pricing. Comparable storage rental product to Farrer Bros. Storage but at national institutional scale.
• Cushman & Wakefield: Global commercial real estate services firm with property management, brokerage, and valuation. Overlaps with CRF's commercial property management line, but operates globally across multiple real estate services categories.

Others

• AppFolio: Cloud property management software provider serving landlords and property managers of all sizes. Adjacent/ecosystem relationship as a software vendor category peer to the Rent Manager platform CRF currently uses.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/charles-r-farrer-partnership-dba-crf-properties

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

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