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.

Read more.

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SharpVue has deep experience investing alongside Independent Sponsors.

What we offer Independent Sponsors:

  • Flexible capital structures, including the ability to invest meaningful equity for a one-stop solution
  • Network of investment partners and industry experts
  • Deep experience partnering with Independent Sponsors
  • Tailored approach to governance and board structures

Lee Roberts

Managing Partner

Lee co-founded SharpVue and leads its real estate investment effort. He has spent his 25+ year career in real estate investment and finance and has been involved in the sector in several contexts, including private equity, investment banking and commercial banking. Immediately prior to SharpVue, he served as budget director for the State of North Carolina, a role in which, among other initiatives, he led an effort to rationalize the state’s real estate portfolio.

Before his time in public service, Mr. Roberts was most recently Managing Director of Piedmont Community Bank Holdings, a private equity-backed bank investment platform in Raleigh. He was earlier a Partner at Cherokee Investment Partners, a real estate private equity fund in Raleigh, and he spent nine years with Morgan Stanley in London and New York, focused on real estate investment banking.

Education: Georgetown, JD; Duke, BA

SharpVue is committed to being a responsible corporate citizen. We believe that integrating environmental, social, and governance (“ESG”) considerations into our investment processes and firm policies supports value creation for all stakeholders.

  • In reviewing potential investment opportunities, we evaluate multiple factors including ESG considerations. We seek to identify ESG strengths and risks and incorporate them into our investment decisions and portfolio monitoring.
  • We aim to promote ESG awareness and accountability within the firm. Our ESG actions include:
    • Environmental: We endeavor to operate in an environmentally responsible manner by reducing waste and raising awareness of efficient energy and resource usage.
    • Social: We strive to maintain an environment free of discrimination in which all employees are provided opportunities for personal development and growth.
    • Governance: We maintain strict internal policies that emphasize firm governance, compliance, and ethical employee behavior.