Our Strategy

Whitehead Capital acquires cash-flowing multifamily properties in growing Southeast markets. We focus on stabilized or lightly value-add communities where we can improve operations, enhance resident experience, and deliver strong, risk-adjusted returns.

Search Criteria

40+

units

Core focus for operational scale and winning deals

Southeast markets

Growth-oriented with positive migration (NC, SC, TN, KY)

1985+

vintage

Stabilized or light value-add properties

Conservative financing

Fixed or assumable debt preferred

Return Targets

8-12%

Annual Cash-on-Cash Return

14-20%

Projected IRR

Monthly Distributions

2-5 Year

Investment

Representative Deals We're Evaluating

These examples reflect the types of multifamily opportunities that align with our acquisition strategy.
They are not offerings.

Eagle Creek Townhomes - Northmarq OM.jpeg

Lexington Suburban Townhomes

A stabilized, assumable-loan opportunity in a strong Lexington submarket.

Quick Facts

Units: 50
Asset Type: B-Class Garden-Style Townhomes
Location: Lexington, KY
Debt: 3.83% assumable Freddie Mac (rare in 2025)
Occupancy: ~97% (typical for this submarket)
Target Basis: ~$130k-150k per unit

Return Targets

Cash-on-Cash: 8-10%
IRR: 14-16%
Hold Period: 3-5 Years
Upside Drivers: rent alignment to market, light interior refresh, operational efficiencies

Greensboro Workforce Apartments

A stable, high-retention workforce community with reliable income streams.

Quick Facts

Units: 42
Asset Type: Workforce Housing
Location: Greensboro, NC
Tenant Demand: Supported by Trillium referral network
Occupancy Trend: High/stable due to working class in gentrifying area
Target Basis: ~$90k-120k per unit

Return Targets

Cash-on-Cash: 7-10%
IRR: 21% (with value-add)
Hold Period: 3-5 Years
Upside Drivers: low turnover, consistent rent collections, light interior upgrades

Chattanooga Value-Add Multifamily

A classic light value-add opportunity in a fast-growing Southeast market.

Quick Facts

Units: 42
Asset Type: Vintage Garden-Style (1980s+ typical)
Location: Chattanooga, TN
Tenant Demand: Strong due to population & job growth
Target Basis: ~$110k-140k per unit
CapEx: Light interior value-add (floors, paint, lighting, kitchens/baths refresh)

Return Targets

Cash-on-Cash: 8-12%
IRR: 15-20%
Hold Period: 3-5 Years
Upside Drivers: interior renovations, RUBS implementation, revenue management

Fort Mill Institutional Multifamily

An aspirational large-scale opportunity in a top-tier Charlotte suburb.

Quick Facts

Units: 184 (institutional scale)
Asset Type: Class A/Suburban
Location: Fort Mill, SC (Charlotte MSA)
Market Strength: High income, strong schools, limited supply
Target Basis: ~$90k-120k per unit
Debt: Prefer fixed-rate or agency financing

Return Targets

Cash-on-Cash: 6-9%
IRR: 14-17%
Hold Period: 3-5 Years
Upside Drivers: scale efficiencies, amenity enhancements, premium market demographics