StoneRiver Investment Fund III

Overview

StoneRiver Investment Fund III is a real estate investment fund managed by StoneRiver Company, focusing on acquiring and developing multifamily communities throughout the Southeastern United States. The fund aims to provide access to multifamily investments for both existing and new investors. The fund's investment strategy includes acquiring and developing garden-style multifamily communities, investing in value-add, core/core-plus, and pricing-dislocation acquisitions, as well as Class A developments in growing or stable markets with healthy employment and appealing demographics. StoneRiver Property Management, the firm's in-house property management division, manages the fund's portfolio. In March 2025, Fund III made its first investment by acquiring 198 Milltown Apartments, a 288-unit community in Burlington, North Carolina. The acquisition was strategically located between Greensboro and Raleigh/Durham, offering favorable demographics for multifamily investment, including a diverse employment base and growing population. The area is also projected to benefit from the future economic impact of the Carolina Core, a 150+ mile swath of central North Carolina anchored by Greensboro, Winston-Salem, High Point, and Fayetteville. StoneRiver Company, the manager of Fund III, is a vertically integrated investment firm that acquires, develops, and manages multifamily real estate in the Southeast. Since its inception, the firm has successfully acquired and developed approximately $1 billion of multifamily assets across the region. The firm's vision is to be the Southeast's premier real estate investment firm, creating meaningful and enduring contributions for communities, partners, and people. Its core values include commitment to integrity, performance orientation, forward thinking, people-driven approach, and community focus. The firm's history includes several milestones: it was established within Sterling Capital Management in 1995 to manage family real estate investments, rebranded as StoneRiver Company in 2006, formed StoneRiver Property Management in 2007, and pivoted to become a multifamily specialist in 2011. StoneRiver launched its first multifamily fund (Fund I) in 2016, its second multifamily fund (Fund II) in 2019, and its third multifamily fund (Fund III) in 2023. Fund III held its initial closing in February 2025, raising $81.75 million, and made its first investment in March 2025. StoneRiver Company's investment philosophy emphasizes a disciplined approach to underwriting and hands-on management, aiming to create value for investors through diligent analysis and active portfolio management. The firm's expertise in Southeast markets, combined with its track record as owners and operators, has proven to generate superior risk-adjusted returns for investors. For more information about StoneRiver Investment Fund III and its investment opportunities, interested parties can contact a member of the StoneRiver team through the contact form on their website.

Investment Focus

• Institutional investors
• Family offices
• High-net-worth individuals

Portfolio Companies