FRP Holdings, Inc. is a holding company engaged in various real estate businesses. The Company operates in four segments. Its Industrial and Commercial Segment owns, leases and manages in-service commercial properties wholly owned by the Company or through joint ventures. This includes eight warehouses in two business parks, an office building partially occupied by the Company, and two ground leases. Its Mining Royalty Lands Segment owns several properties totaling approximately 16,650 acres under lease for mining rents or royalties and an additional 4,280 acres through its Brooksville joint venture with Vulcan Materials. Other than one location in Virginia, all of its mining properties are located in Florida and Georgia. Its Development Segment owns and monitors the use of parcels of land that are in various stages of development. Its Multifamily Segment includes joint ventures which own, lease and manage buildings that have met its initial lease-up criteria.