We only realize how far we’ve come by acknowledging where we started…
Our company is led by Frank Levy, whose father, Jim Levy, infused our culture with his passion for real estate development and the commitment to providing exceptional value. Jim entered the real estate business on the east coast in 1960, relocating to Iowa in 1973. Whether serving luxury or income-restricted customers, whether focused on for-sale or rental properties, he always strove to create something beautiful, even if the market was not prepared to pay full value for that beauty. We try to uphold Jim’s values and take the companies in the direction he dreamed they would go.
About one-third of the properties Newbury oversees were originally developed and built by Jim Levy and Robert Malone between 1975 and 1987. Jim formed Newbury in 1987 as a development company and over the course of the next 20 years created numerous places for people to call home. Today, Newbury Management Company’s primary focus is building or acquiring, renovating, and managing multifamily housing properties. Currently Newbury manages nearly 3,000 apartment homes. Those include luxury retirement communities, cottage homes for sale to empty nesters, and a variety of apartment and townhome rental properties.
Newbury is a licensed Real Estate Brokerage in the state of Iowa.
Frank Levy (President) earned a BA in History from Yale and an MBA from Harvard. He worked in consulting and technology before joining Newbury in 2001. Since 2006, Frank has co-led the company with Debbie Fisher, and upon the passing of his father, Jim Levy, in 2008, Frank inherited Newbury Management Company and became its President. Frank leads the development of new properties and generation of new business opportunities, and serves as the firm’s broker and owner.
Debbie Fisher (COO) is a graduate of the American Institute of Business, and has been with Newbury Management Company and its predecessors since 1977. Through the years she has worked in nearly every facet of the business. Debbie currently oversees nearly 3,000 multi-family housing units, operating under a variety of conventional and subsidized housing programs. She is also the lead contact for the company’s portfolio of third-party managed properties and has been involved in virtually every major decision and initiative taken by the company throughout its existence.
Cheryl Moore (CFO) joined Newbury Development Company in 1989, initially on a part-time basis to handle the fledgling company’s accounting needs. As Newbury’s business grew, so did the demands on Cheryl’s time, until soon she became a full time member of the team, being named Treasurer and Controller in 1995 and CFO in 2014. Cheryl oversees and manages Newbury’s accounting department for all of its business lines, including property management, senior housing, construction and development.