Success Stories
Detailed looks at how we've helped clients navigate complex challenges and achieve exceptional outcomes across diverse asset classes.
The Refinery – Charlotte, NC
Ground-Up Class A Office Development
Joint Venture Class A Office Development in Charlotte, NC
A Class A, five-story, 106,917 SF office development and six-story attached parking garage located in Charlotte, North Carolina. The building sits at the off-ramp of 1-77, offering tremendous access to the city and is also situated within the thriving “24/7” West Morehead Corridor
This development was completed a joint venture between Capital and local partner, Insite Properties. The development offers an attractive blend of historic structures and new modernized features/finishes and caters to companies and Millennial employees who prefer smaller office settings rather than skyscrapers and in an urban submarket close to Uptown Charlotte
Purchased the site with Co-GP for $2.7 million in December 2016 and completed in 2019. Total Development Cost was $35.4 million
The Property is currently 96.4% occupied with a six (6) year Weighted Average Lease Term (WALT)
Liberty Warehouse / Durham, NC
Class A Multi-Family Development
In January 2023, Liberty Warehouse was acquired by MEAG, the asset management arm of Munich Re and ERGO, in partnership with CBRE Investment Management, for $89 million.
The acquisition was completed as part of a separate account mandate focused on expanding investments in the U.S. residential market. The property, a mixed-use community in downtown Durham, includes 247 apartments and 20,700 square feet of fully leased ground-floor retail, anchored by popular local tenants such as Durham Food Hall.
Following the acquisition, the new owners announced plans to enhance the property's common areas with upgraded amenities, including an outdoor kitchen, expanded fitness facilities, and improved resident spaces, while maintaining existing retail operations and continuing property management through Greystar.
The investment reflects a long-term strategy centered on high-quality, walkable urban communities with strong residential and retail demand.
Landmark at North Hills / Raleigh, NC
Value-Add Office Acquisition
Joint Venture Class A Office Acquisition in Raleigh, NC
Northridge partnered with Edgewater Ventures, a local to Raleigh developer and operator for this acquisition
Northridge closed on the acquisition of the Property in July 2024, at a total purchase price of $21.3 million ($127/SF)
The Joint Venture acquired interest-only financing from the Seller (BGO), through its affiliate, Sun Life in the amount of $14.7 million
The Property at the time of acquisition is 84% leased to a diverse tenant roster with 1.9 years of Weighted Average Lease Term (WALT)
The business plan calls for a five (5) year hold period, 2.67x equity multiple and 25.0% leveraged IRR to investor