Our Sycamore Developments

What Sets Sycamore Apart

Sycamore Developments are Class A multifamily communities strategically developed in high-growth markets throughout North Carolina. Every project is guided by thoughtful site selection, innovative design, and disciplined execution to create communities that support long-term investment performance.

Prime Locations
Situated in North Carolina’s fastest-growing communities, our developments are positioned near major employers, transportation corridors, shopping, and entertainment to meet sustained rental demand.
Purposeful Design
Every community is designed to maximize resident appeal, with efficient building layouts, spacious floor plans, premium amenities, and more corner units offering increased natural light and views.
Long-Term Investment Value
Thoughtful site selection, efficient construction, and professionally managed operations are combined to support high occupancy, resident satisfaction, and long-term asset appreciation.

Current Investment Opportunity

Sycamore at Burlington

Sycamore at Burlington is designed to meet increasing housing demand through thoughtfully planned multifamily living, upscale amenities, and operational efficiency. The unique octagon-shaped building design maximizes rental potential by offering eight corner units per floor, twice the number typically found in upscale and garden-style apartment communities.

Strategic Location
- Located along the I-40/I-85 corridor in Central North Carolina, Sycamore at Burlington provides access to major universities, healthcare systems, research institutions, and a regional economy home to more than 7,000 companies.
Key Development Details
- 275 residential units
- High-end clubhouse, resort-style amenities, and recreational facilities
- Eight Corner Units Per Floor: The distinctive octagonal building design creates twice as many corner units as conventional buildings
Capital Structure & Financing
- 71.7% HUD loan
- 13.3% equity
- 15.0% other
Investment Overview
- 20.5% projected limited partner levered IRR
- Minimum Investment: 2 units for total $200,000
- 4–5 year projected investment horizon

Interested in investing in Sycamore at Burlington?

Sycamore at Christenbury Case Study

Explore the growing portfolio of Sycamore developments. Each community reflects our disciplined investment strategy, commitment to quality construction, and long-term approach to multifamily ownership.

Acquisition
- Structured under the HUD 221(d)(4) program
- Selected for proximity to Charlotte’s employment base and population growth
- Acquired to capitalize on long-term multifamily demand in a high-growth market
Development
- $64.2M total project cost
- Constructed 2020–2023
- Delivered a Class A multifamily community
- Completed on schedule and within budget.
Operations
- 96% occupancy rate
- Professionally managed to optimize performance and long-term asset value
Investment Performance
- 20%+ projected IRR
- Semiannual investor distributions
- $97M projected disposition value

Sycamore Development Properties

Sycamore at Christenbury
Concord, North Carolina
Property Overview
Transaction:

New Construction under the HUD 221(d)(4) Program
Total Project Cost:

$64,234,617
EB-5 Financing:

$3,000,000
LP Equity Capital Raised:

$10,000,000
Loan Amount:

$44,990,500
Fixed Interest Rate:

2.88%
Term:

42 Years
Estimated Completion Date:

August 2022
Occupancy Rate:

96%
Units:

275
Target Sale Price:

$97 million
Sycamore at Tyvola
Charlotte, North Carolina
Property Overview
Transaction:

Refinance under the HUD 223(a)(7) Program
Loan Amount:

$37,669,700
Fixed Interest Rate:

2.96%
Term:

40 Years
Occupancy Rate:

95%
Units:

288
Sale Price:

$96.3 million

Development Process

From site acquisition through operations, our experienced team oversees every phase of development.

Entitlement/Rezoning
Site Acquisition
Site Planning
Financing
Construction
Lease-Up
Asset & Property Management
Stabilization
Sale or Refinance

Why Invest in Multifamily Real Estate?

Multifamily real estate is one of the most resilient sectors of real estate, supported by consistent housing demand and strong demographic trends.

Higher Yields & Profit Margins
Multifamily developments can deliver strong profit through rental income and long-term property appreciation. New communities in high-demand markets unlock value and stronger profit potential.
High Demand
With rental rates in the United States at historic highs and high-income households choosing renting over buying, multifamily housing continues to represent a limited-risk investment.
Growth-Focused Markets
By focusing on select U.S. markets with strong population growth, economic expansion, and demand for housing, such as North Carolina and Florida, multifamily housing continues to offer opportunities for investment and growth.
Portfolio Diversification
Investing in U.S. multifamily real estate allows international investors to diversify portfolios with tangible, resilient assets.