Eller Capital Partners was founded in 2011 and its principal and affiliate entities have been acquiring multifamily assets since 2007. A sample of its multifamily acquisitions track record is as follows:

Timber Hollow Apartments Phase II - Chapel Hill, NC

Timber Hollow Apartments - Chapel Hill, NC

Timber Hollow Apartments, 198 units in Chapel Hill, NC was acquired in May 2014. The property has frontage on MLK Boulevard and is located directly across from the future “Carolina North” campus at UNC-Chapel Hill. The existing 198 unit project will be renovated and a 109 unit expansion to the community is planned.

86 North - Chapel Hill, NC

Timberlyne Village, 144 units in Chapel Hill, NC, was acquired in November 2013. The asset was immediately rebranded as "86 North" and will undergo a modest renovation to address any deferred maintenance concerns and to position it as a long term hold. The community is situated near the intersection of Weaver Dairy Road and MKL Boulevard (also known as Airport Road and Highway 86), and is approximately 1.5 miles from the UNC-Chapel Hill "Carolina North" campus. This transaction marks the first sale of the asset since it was built in 1986.

The Apartments at Midtown 501 - Chapel Hill, NC

An affiliate of Eller Capital Partners acquired the 248-unit Foxcroft Apartments in Chapel Hill in October 2013. Located in Chapel Hill near Eastgate Shopping Center at the intersection of East Franklin Street and Fordham Boulevard, the property was built in 1974, is situated on approximately 22 acres, and is less than two miles from the University of North Carolina and Downtown Chapel Hill. The transaction marks only the second sale in the 40 year history of the property. A major renovation of the community is planned during the first year of ownership.



The Forest at Chasewood - Charlotte, NC

The Forest at Chasewood, 220 units in Charlotte, NC, was acquired from a lender in June 2013. The asset was built in 1985 and is undergoing upgrades to the common areas, building exteriors and amenities, as well as physical improvements to the unit interiors. The Forest at Chasewood is located in a growing part of Southeast Charlotte and is approximately five miles from Southpark Mall.

Alta Surf Apartments - Myrtle Beach, SC

Alta Surf Apartments, 216 units in Myrtle Beach, SC, was acquired in December 2012. The asset is very well-located in the highly desirable Carolina Forest area of Myrtle Beach. The project was built in 2007, has very high quality, luxury finishes throughout the community and offers a first class amenity package. The acquisition price was well below replacement cost.

Laurel Walk Apartments - Charlotte, NC

Laurel Walk Apartments, 98 units in Charlotte, NC, was acquired in March 2012 for $6,000,000. The property is very well located on Providence Road in South Charlotte, approximately two miles from South Park Mall. Upon acquisition, an interior upgrade program was initiated to maximize rental revenue. The upgrades included a new GE Energy Star appliance package including an above range microwave, new countertops, faux wood flooring, 2" faux wood blinds, refinished cabinets, brushed nickel cabinet hardware, light fixtures, faucets and interior doors.


Birch Pond Apartments - Shallotte, NC

Birch Pond Apartments, 104 units in Shallotte, NC, was acquired in October 2011 by one of Eller Capital Partners' current investors. Eller Residential Living manages the asset. Upon acquisition, the property underwent a capital improvement program that included a new swimming pool, unit interior upgrades, clubhouse renovation, improved technology, children's playground, picnic areas and numerous other improvements. The property is in a great location off of Main Street in Shallotte, near its intersection with Hwy 17.

Casa del Sol Apartments - Raleigh, NC

Casa del Sol, 176 units in Raleigh, NC, was acquired in October 2010 for $5,200,000 as part of a distressed transaction. The acquisition was funded using a combination of bank debt and equity. Upon takeover a substantial capital improvement plan was executed, occupancy was quickly stablized, and the asset was successfully refinaced with long term permanent debt within six months of ownership. Casa del Sol is in a great location near the intersection of Glenwood Avenue and Duraleigh Road. The asset was sold for $7.2 million in 2013.

The Concorde - Chattanooga, TN

The Concorde in Chattanooga, Tennessee was acquired as part of a two-property portfolio transaction in March 2010. The total acquisition price was $5.9 million. The Concorde consisted of 170 apartment units built in 1978. Upon acquisition, a $1,500,000 total capital improvement plan was executed at both properties and operations were optimized through new management and increases in revenue. In October 2011 upon receiving and accepting an unsolicited offer, the assets were sold for $11,000,000.

Arlington East Apartments - Chattanooga, TN

Arlington East Apartments in Chattanooga, Tennessee was acquired as part of a two-property portfolio transaction in March 2010. The total acquisition price was $5.9 million. Arlington East consisted of 68 apartment units built in the 1980's and 1990's. Upon acquisition, a $1,500,000 total capital improvement plan was executed at both properties and operations were optimized through new management and increases in revenue. In October 2011 upon receiving and accepting an unsolicited offer, the assets were sold for $11,000,000.