Flywheel Investments

The Flywheel Equity commercial real estate investment portfolio

Our Experience

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
 has been sold!

Sunrise Self Storage

Haw River, NC

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.

Role

Owner
Date of Purchase

July 13, 2022
Date of Sale

Size

112 units
Vintage

1996
LP Equity Multiple

Purchase

$560K
Financing

25 year conventional bank loan
LP IRR (annualized)

%
The Storage Room
 has been sold!

The Storage Room

Greenville, SC

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.

Role

GP/Deal sponsor
Date of Purchase

February 22, 2022
Date of Sale

Size

209 units
Vintage

1993
LP Equity Multiple

Purchase

$1M
Financing

Private loan
LP IRR (annualized)

%
Hot Springs Log Cabins
 has been sold!

Hot Springs Log Cabins

Hot Springs, NC

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.

Role

GP/Deal sponsor
Date of Purchase

July 15, 2021
Date of Sale

Size

5 units
Vintage

2005, Small log cabins
LP Equity Multiple

Purchase

$1.25M
Financing

Private loan
LP IRR (annualized)

%
Morris Manor
 has been sold!

Morris Manor

Greensboro, NC

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.

Role

GP/Deal sponsor
Date of Purchase

September 25, 2020
Date of Sale

Size

51 units
Vintage

1973, Garden style
LP Equity Multiple

Purchase

$2.3M
Financing

Fixed rate agency debt
LP IRR (annualized)

%
Vance St.
 has been sold!

Vance St.

Mebane, NC

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.

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

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.

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

A two property RV park fund with assets in Tennessee and Kentucky

Park at Blanding

117 unit property with under market rents in a high growth Southeast market

Carrington at Brier Creek

A stabilized, A-class, 270-unit property in a premier secondary metro

Hartford at the Lakes

A 360-unit, under-performing, heavy value-add asset in a growing midwestern market