Current Assets
The Chateau Apartments
Chapel Hill/Carrboro, NC
168 Units
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Shining Rock Equity partnered with Matheson Capital on the acquisition of Chateau Apartments in June 2025, a workforce housing community in the highly constrained Chapel Hill/Carrboro market. The business plan focuses on preserving affordability by enrolling the property in a local tax abatement program, ensuring long-term housing availability for essential workers. This mission-aligned investment reflects our commitment to solid returns for our investors and meaningful community impact in high-demand areas.
Preserve at Copperleaf
240 Units
Houston, TX
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We are proud to have partnered with Lone Star Capital in May 2024 on this A-Class apartment complex in the fast-growing Houston market. Only 13 months into the investment, we were able to complete a cash-out refinance that returned roughly 40% of investors’ initial capital, with no reduction in their ownership share. Investors will continue to enjoy stable cash flow during the remainder of the hold period. Then, will share in the significant increase in the property value when we exit the property.
Stoneleigh Apartments
200 Units
Dallas, TX
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Shining Rock Equity is thrilled to have partnered on 200 units in November 2023 in the Dallas market. This is a high-quality project that will include updating the exterior, amenities and interior upfits to all units. We had an overwhelming response from our investors who are excited about the excellent risk-adjusted returns offered by this lucrative value-add opportunity.
Kemper Ambassador Portfolio
186 Units
Shaker Heights, Ohio
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Shining Rock Equity partnered with Pero Real Estate and Open Doors Capital in June 2023 on the Kemper Ambassador Portfolio in Shaker Heights, Ohio (Cleveland). The business plan includes repositioning the 186 unit properties from C to B class over the course of 4 years before refi or sale in year 5.
Southern Tier Village
114 Units
Jamestown, NY
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Shining Rock Equity and Height Capital partnered with Pero Real Estate and Open Doors Capital in March 2023 on this 114 unit apartment property in Jamestown, NY. This property has had positive cash flow since day one. We implemented a value-add strategy to improve the property, increase occupancy and generate great returns for our investors. It is off to a great start and is achieving higher rents than forecast due to our conservative underwriting model.
