Chaucer Creek Capital

Overview

Chaucer Creek Capital is a private real estate investment firm specializing in the development and acquisition of multi-family properties across the Southeastern United States. Founded in 2009 by Billy McClatchey, the firm has grown from its initial acquisition of two apartment communities totaling 246 units to managing over 55 communities with nearly 12,000 resident units. Their portfolio spans rapidly growing markets including Raleigh, Durham, Chapel Hill, Charlotte, Winston-Salem, Greensboro, and Wilmington, as well as cities like Williamsburg, Asheville, Charleston, Columbia, and Savannah. The firm's investment strategy focuses on properties in urban and suburban areas with high barriers to entry, targeting assets priced between $25 million and $150 million. They seek properties with 200 or more units, ranging from 1 to 30 years old, that require capital improvements and amenity enhancements. Chaucer Creek Capital emphasizes a hands-on approach, maintaining direct involvement in each project to ensure value creation and operational excellence. Over the years, Chaucer Creek Capital has established a proven track record, generating a net weighted internal rate of return (IRR) exceeding 19% on realized investments and achieving average annual yields of over 8%. Their commitment to quality and investor relations has resulted in over $820 million in value created for investors. The firm's success is attributed to its strategic focus, experienced team, and dedication to delivering exceptional communities for residents.

Investment Focus

• Properties in urban and suburban areas with high barriers to entry
• Assets priced between $25 million and $150 million
• Properties with 200 or more units
• Properties aged 1 to 30 years requiring capital improvements and amenity enhancements