Broad Creek Capital (“BCC”) bought its first apartment property as part of its new value-add fund. The company closed the BCC MAF I, a private-markets investment firm focused on U.S. real estate assets with a target of $150 million in total capital commitments.
BCC MAF I completed the off-market acquisition of Loft One35, a 298-unit multifamily community in Charlotte, North Carolina, for $94 million. The acquisition aligns with the fund’s focus on high-growth markets and value creation through operational improvements, targeted renovations, and upgrades.
BCC MAF I will invest with a focus on the Southeast and broader Sun Belt.
Since 2020, Broad Creek Capital has acquired more than 3,800 multifamily units and now manages over $500 million in assets, with a focus on modernizing well-located, attainable rental communities that serve the U.S. workforce.
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