Flywheel Investments
The Flywheel Equity commercial real estate investment portfolio
400+ Units
of multifamily and self storage managed across North and South Carolina
1000+ Units
of passive commercial real estate investment experience across the US
Over $10M
of assets under management
Assets Managed
Sunrise Self Storage
Haw River, NC
100+ unit self storage in growing rural area
Role
Owner
Date of Purchase
July 13, 2022
Size
10,800 sqft
Vintage
1996
Purchase
$560K
Financing
25 year conventional bank loan
The Storage Room
Greenville, SC
200+ unit self storage in growing metro
Role
GP/Deal sponsor
Date of Purchase
February 22, 2022
Size
19,400 sqft
Vintage
1993
Purchase
$1M
Financing
Private loan
Hot Springs Log Cabins
Hot Springs, NC
5-cabin short term rental property in the Blue Ridge mountains of NC
Role
GP/Deal sponsor
Date of Purchase
July 15, 2021
Size
5 units
Vintage
2005, Small log cabins
Purchase
$1.25M
Financing
Private loan
Morris Manor
Greensboro, NC
51-unit heavy value-add and reposition in growing, major, NC market
Role
GP/Deal sponsor
Date of Purchase
September 25, 2020
Size
51 units
Vintage
1973, Garden style
Purchase
$2.3M
Financing
Fixed rate agency debt
Vance St. has been sold!
Vance St.
Mebane, NC
12-unit complex of single story brick duplexes
Role
GP/Deal sponsor
Date of Purchase
May 15, 2020
Date of Sale
April 7, 2022
Size
12 units
Vintage
1969, Single story duplexes
LP Equity Multiple
6.25
Purchase
$612K
Financing
Private loan
LP IRR (annualized)
164.6%
Saddlebrook has been sold!
Saddlebrook
Fayetteville, NC
Upper C-class townhome community in Fayetteville NC
Role
GP/Asset management
Date of Purchase
January 22, 2020
Date of Sale
April 13, 2022
Size
16 units
Vintage
1997, Townhomes
LP Equity Multiple
2.51
Purchase
$950K
Financing
20 year conventional bank loan
LP IRR (annualized)
52.1%
PASSIVE Investments
Mountain Creek RV Fund
TN, KY
A two property RV park fund with assets in Tennessee and Kentucky
Park at Blanding
Jacksonville, FL
117 unit property with under market rents in a high growth Southeast market
Carrington at Brier Creek
Raleigh, NC
A stabilized, A-class, 270-unit property in a premier secondary metro
Hartford at the Lakes
Columbus, OH
A 360-unit, under-performing, heavy value-add asset in a growing midwestern market