of multifamily and self storage managed across North and South Carolina
of passive commercial real estate investment experience across the US
of assets under management
Sunrise Self Storage is a 100+ unit storage facility in rural, but very fast growing, part of NC that sits in between Raleigh and Greensboro. Sunrise is a heavy value add project with both operational and expansion upside. Sunrise was purchased direct to seller and without broker representation.
The Storage Room is a 200+ unit storage facility in one of the fastest growing metros in the country - Greenville SC. As heavy value-add asset, we are taking over from mom & pop ownership to improve the property at both an operational and physical level.
The Hot Springs Log Cabins is a single property consisting of five pet-friendly honeymoon cabins located in Hot Springs NC. Hot Springs is a small town deep in the Blue Ridge Mountains of western NC and directly on the Appalachian Trail. As such, it is an area known for its scenery and outdoor activities which make it well positioned for a post-COVID world.
Morris Manor is a 51-unit property consisting of five buildings and one single family home. With over $15K/unit of renovations and upgrades planned, this is a heavy value-add and repositioning business plan with a projected exit between years three and five. Greensboro is the largest city in the Triad area of NC and, while experiencing sustained population growth, remains an affordable market which will continue to drive property values in a post-COVID economy.
The Vance St. apartments are a 12-unit complex consistent of single story brick and cinder block duplexes. With major renovations complete in 2015 and rents under market by $150 Vance St. is an opportunity to add an immediately cash flowing asset to the portfolio with high upside. Mebane is conveniently located within driving distance of both the Durham and Greensboro metros and is growing at five times the national average. With high historical occupancies and a growing market we expect this property to produce strong returns for years to come.
Saddlebrook is an upper C-class, small apartment property located in the stable and cash-flow heavy Fayetteville, NC market. Built in 1997 it consists of highly desirable and marketable 2 bedroom, 2.5 bath townhome style floorplans. We will be doing light upgrades to raise average rents $100/mo over the initial two years of ownership. Located 5 minutes from the Cape Fear Valley Medical Center, 10 minutes from the downtown district, and 15 minutes from Fort Bragg, its location is ideal for workforce housing.
