In 1847 Frederick invested the profits of the family business in two large tracts in the Troad, amounting to many thousands of acres.
He founded a company, Calvert Bros. and Co., an "extended family company."
The first purchase was a farm at Erenkőy, on the coast about half-way between Çanakkale and Troy.
Frederick used it as a station for ships that could not make Çanakkale.
The area was a target for Greek immigration.
The family became money-lenders, lending only to Greeks at rates considered high (20%).

Frederick also bought a farm he intended to work, the Batak Farm (named for the Batak wetlands), later changed by Frank to Thymbra Farm, because he believed it was the site of Homeric Thymbra, after which the Thymbra Gate of Homeric Troy had been named.
It was located at an abandoned village called Akça Köy, 4 mi.
to the southeast of Hisarlik.
The farm was the last of the village.
It harvested and marketed the cups and acorns of Quercus macrolepis, the Valonia Oak, from which valonia, a compound used in dyeing and tanning, is extracted.
The farm also raised cotton and wheat and bred horses.
Frederick introduced the English plough and drained the wetlands.
The farm eventually became famous as a way station for archaeologists and the home of the Calvert collection of antiquities, which Frank kept locked in a hidden room.
The main house, featuring multiple guest bedrooms, was situated on a low ridge in a compound with several outbuildings.
It was more of a manor, operated by farm workers and domestic servants.

In 1850–1852 Frederick solved the residence problem by having a mansion built for him in Çanakkale.
Two Turkish houses were said to have been put together, but Turkish houses were required to be of wood.
This one was of massive stone, which was permitted to foreigners, and was placed partly on fill jetting into the straits.
It probably was the length of two Turkish houses.
It remained the major building of the town until it was removed in 1942, due to earlier earthquake damage.
The last of the Calvert descendants still in the region had ceded it to the town in 1939.
The Town Hall was then built on the site.
The mansion's extensive gardens became a public park.

The entire family of the times took up permanent residence in the mansion, which was never finished.
It was almost always occupied by visitors and social events.
The Calverts began a tour-guide business, conducting visitors throughout the Troad.
Frank was the chief guide.
The women held musicales and sang in the salons.
The house attracted a stream of distinguished visitors, each with a theory about the location of Troy.
Frederick, however, was not there for the opening of the house.
After a fall from a horse in 1851, complications forced him to seek medical care in London for 18 months, the first of a series of disasters.
He was back by 1853.
In 1847 Frederick invested the profits of the family business in two large tracts in the Troad, amounting to many thousands of acres. He founded a company, Calvert Bros. and Co., an "extended family company." The first purchase was a farm at Erenkőy, on the coast about half-way between Çanakkale and Troy. Frederick used it as a station for ships that could not make Çanakkale. The area was a target for Greek immigration. The family became money-lenders, lending only to Greeks at rates considered high (20%).
Frederick also bought a farm he intended to work, the Batak Farm (named for the Batak wetlands), later changed by Frank to Thymbra Farm, because he believed it was the site of Homeric Thymbra, after which the Thymbra Gate of Homeric Troy had been named. It was located at an abandoned village called Akça Köy, 4 mi. to the southeast of Hisarlik. The farm was the last of the village. It harvested and marketed the cups and acorns of Quercus macrolepis, the Valonia Oak, from which valonia, a compound used in dyeing and tanning, is extracted. The farm also raised cotton and wheat and bred horses. Frederick introduced the English plough and drained the wetlands. The farm eventually became famous as a way station for archaeologists and the home of the Calvert collection of antiquities, which Frank kept locked in a hidden room. The main house, featuring multiple guest bedrooms, was situated on a low ridge in a compound with several outbuildings. It was more of a manor, operated by farm workers and domestic servants.
In 1850–1852 Frederick solved the residence problem by having a mansion built for him in Çanakkale. Two Turkish houses were said to have been put together, but Turkish houses were required to be of wood. This one was of massive stone, which was permitted to foreigners, and was placed partly on fill jetting into the straits. It probably was the length of two Turkish houses. It remained the major building of the town until it was removed in 1942, due to earlier earthquake damage. The last of the Calvert descendants still in the region had ceded it to the town in 1939. The Town Hall was then built on the site. The mansion's extensive gardens became a public park.
The entire family of the times took up permanent residence in the mansion, which was never finished. It was almost always occupied by visitors and social events. The Calverts began a tour-guide business, conducting visitors throughout the Troad. Frank was the chief guide. The women held musicales and sang in the salons. The house attracted a stream of distinguished visitors, each with a theory about the location of Troy. Frederick, however, was not there for the opening of the house. After a fall from a horse in 1851, complications forced him to seek medical care in London for 18 months, the first of a series of disasters. He was back by 1853.
Troy