Chateau Apartments
Matheson Capital acquired Chateau Apartments, a 168-unit, 1969 construction apartment complex located in Carrboro, North Carolina.
Projected IRR
19%
Projected Cash-on-Cash
8.10%
Acquisition Date
Jul 30, 2025
Location
Background
Chateau Apartments is well located within Carrboro, North Carolina, a high barrier to entry market adjacent to the University of North Carolina. The seller was highly motivated due to maturing debt.
Business Plan
We plan to enroll Chateau Apartments into the North Carolina affordable housing tax abatement program.
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