RESIDENTIAL

Spectrum Properties Residential, Inc. (SPRI) specializes in the development, acquisition, and management of multi-family properties including apartments, condominiums and student housing. Primary markets include North Carolina, South Carolina, Georgia, Tennessee and Virginia.

SPRI prides itself on the overall experience residents have living in our communities. From the locations we choose, to the amenities we offer, to the lifestyle it provides, the SPRI experience is like nothing else. This experience includes having the opportunity to "live green." We are focused through our membership in the United States Green Building Council on building better buildings that embrace the environment.

APARTMENTS

SPRI has acquired and developed a number of apartment communities. These developments range in complexity from three-story, wood-frame properties to high-rise concrete construction to mid-rise properties with retail at the base. These properties have been located on both urban and suburban sites.

condominiums

SPRI has developed new condominium communities, as well condominium conversions. New construction includes wood-frame, three-story buildings, concrete mid-rise structures and concrete/steel high-rise properties. The company has also re-developed outdated high-rise office buildings in urban locations into residential condominiums.

student housing

SPRI has developed student housing projects in conjunction with accredited universities on, or adjacent to, the campus. These properties are usually sold after construction to non-profit housing foundations. These foundations provide financing that is attractive to the educational institution. The trasactions are financed in such a way that they do not have a negative impact on the university's balance sheet. One-half of the cash flow from the property is returned to the school on an annual basis to be distributed as student scholarships. Additionally, after the bonds that are used to finance the properties are retired in thirty years, the university can purchase the building from the foundation for $1.00.

Through our attention to detail, and unrelenting passion for creating quality homes that offer a unique lifestyle, we continue to enhance our reputation as one of the premier multi-family developers in the Carolinas.

Spectrum properties multifamily acquisitions

Spectrum Properties Multifamily Acquisitions (SPMFA) acquires and manages both apartment and student housing properties in markets in the Southeast, Mid-Atlantic, and Midwest regions of the U.S.  The company's investment strategy is based on acquiring quality assets at attractive pricing relative to replacement cost, managing these properties intensely for a holding period of between three and seven years, then selling these holdings at the optimal time to maximize value.  The objective is to maintain a portfolio value of approximately $500 million.

201 South Tryon Street · Suite 550 · Charlotte, NC 28202
704.358.1000 (P) · 704.358.9099 (F)