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SharpVue closes first Raleigh deal for $27.5M

April 18, 2018 | Triangle Business Journal
Lauren K. Ohnesorge

A 2-year-old Raleigh investment firm is closing its first real estate deal in Raleigh: a 521,000-square-foot building at the intersection of Capital Boulevard and the I-440 Beltline.

SharpVue Capital purchased the building at 2728 Capital Blvd. for $27.5 million, or just under $53 per square foot.

“We’ve been looking at Raleigh since we started, but this is the first time we’ve found something we’re really excited about,” says Lee Roberts, former North Carolina budget director and managing partner of SharpVue.

With the investment, the firm’s fund is about 80 percent deployed – meaning that, to keep doing deals, SharpVue will have to raise more money in the coming months. Roberts won’t comment on whether the firm, which closed on $72 million in total real estate investment commitments back in 2017, is fundraising for its next haul.

His team has made quick work of the financing it’s secured so far. By mid-2017, they had already invested $24 million in real estate deals – both as an equity owner and as a bridge loan investor – in Charlotte, Greensboro, Wilmington and Nashville, Tennessee.

But SharpVue isn’t solely focused on real estate. The company also maintains a wealth management business, focused on physicians.

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