Northern VA based LaRock Capital Partners Acquires 101-Unit Class A Community in Hickory, NC

LaRock Capital Partners announced today the acquisition of 29 North Apartments, a 101-unit Class A multifamily community in Hickory, NC, an expanding submarket within the Charlotte metropolitan statistical area (MSA). The purchase marks the firm’s entry into the Charlotte MSA’s Class A segment and supports continued investment across high￾growth Southeastern markets.

Delivered in 2013, 29 North Apartments features modern finishes and amenities including a resort-style pool, fitness center, clubhouse with co-working space, and pet park.

“This acquisition supports the growth of our platform in one of the nation’s most resilient and fast￾growing regions,” said Chuck LaRock Sr., Managing Principal. “Charlotte and its surrounding communities continue to attract population and employers.” Hickory provides strong demand for high-quality rental housing along the I-40 innovation corridor, supported by diversified industry growth.

As part of the acquisition, Burkely Communities has been engaged as the new property management partner. 29 North aligns well with our focus on acquiring well-located housing in markets with strong demographic tailwinds,” said Chuck LaRock II, Managing Principal.
“We see continued opportunity to expand in the Carolinas with disciplined growth and operational excellence,” added Joe Judge, Managing Principal.

About LaRock Capital Partners

About LaRock Capital Partners
LaRock Capital Partners is a privately held real estate investment and asset-management firm focused
on multifamily communities throughout the Southeastern United States.