LRC Properties

What LRC Properties does

LRC Properties is a privately held commercial real estate investment and management firm founded in 2009 and headquartered in Rye Brook, New York. The company specializes in value-add acquisitions and the repositioning of industrial, office, mixed-use, flex, and hospitality properties across the Eastern United States, with a geographic concentration in the Southeast. Co-founded by Howard A. Lavitt and Edward J. Kulik, LRC Properties targets assets trading below replacement cost and applies hands-on management, in-house leasing, and adaptive reuse strategies to generate returns for private investors and real estate opportunity funds.

The firm operates from four disclosed offices — Rye Brook (NY), North Charleston (SC), Durham (NC), and Charlotte (NC) — and has executed a series of notable transactions including the $42 million acquisition of a 1.1 million-square-foot industrial asset in North Charleston (2017), the $36.2 million joint acquisition of an Amazon-leased warehouse near Nashville with Machine Investment (2021), the Leeds Park mixed-use campus in Charleston, and the Golden Belt campus redevelopment in Durham. LRC Properties does not offer a technology product or SaaS platform; its core offering is real estate investment services and property management, delivered in conjunction with its affiliated operating entity, Helm Property Management & Services, LLC.

Revenue is generated through rental income from tenant leases, property appreciation, opportunistic dispositions of repositioned assets, and co-investment arrangements with private capital partners. Notable tenants include Amazon, VitalSource Technologies, and YMCA of the Triangle. The firm relies on direct investor relationships, industry networking, and earned media coverage rather than traditional digital marketing, and operates with a lean team of approximately 11–50 employees comprising principals, financial analysts, asset managers, and accounting staff.

Name

LRC Properties

Legal name

LRC Properties

Website

https://www.lrcprop.com/

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

LRC Properties is a privately held commercial real estate investment and management firm that acquires, repositions, and manages industrial, office, mixed-use, flex, and hospitality properties across the Eastern United States for private investors and opportunity funds.

Ownership category

akta.pro rank

Headquarters

HQ city

Rye

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Commercial Real Estate Investment: LRC Properties invests in commercial real estate assets including industrial, office, mixed-use, flex, and hospitality properties. Revenue is generated through property appreciation, rental income from tenant leases, and strategic repositioning of assets.

Distribution channels1 record

Marketing channels2 records

Core offering

LRC Properties is a commercial real estate investment and management firm that acquires, develops, repositions, and manages industrial, office, mixed-use, flex, and hospitality properties on the U.S. East Coast, with a primary focus on the Southeast. The firm partners with private investors and real estate opportunity funds on value-add acquisitions of below-replacement-cost assets and provides ongoing asset management, leasing, and property management services.

Product overview

LRC Properties is a commercial real estate investment and management company that acquires, develops, and manages industrial, office, hospitality, flex, and retail properties on the East Coast with a concentration in the Southeast United States. The company does not offer a technology product or SaaS platform; its offerings consist of real estate investment services and property management rather than software products.

Differentiator

Problem solved

Functional benefit

Products and services

• Value-Add Commercial Real Estate Investment LRC Properties acquires below-replacement-cost industrial, office, mixed-use, flex, and hospitality assets on the U.S. East Coast with a concentration in the Southeast for private investors and real estate opportunity funds, generating returns through asset repositioning, rental income, and disposition.
• Asset & Property Management Services Asset and property management services delivered across industrial, office, mixed-use, flex, and hospitality assets, including hands-on operational oversight, financial reporting, and tenant relationship management for portfolio assets.
• Real Estate Repositioning & Development Repositioning, redevelopment, and adaptive reuse of underperforming commercial real estate assets — including industrial, office, and mixed-use campuses — to unlock hidden value through capital improvements, target leasing, and creative marketing.
• In-House Leasing Services Direct, in-house lease negotiation and tenant relationship services across portfolio assets — including multi-floor office leases (e.g., 33,151 sq ft VitalSource Technologies and 26,000+ sq ft YMCA of the Triangle at 227 Fayetteville Street, Raleigh) and industrial warehouse leases (e.g., Amazon facility near Nashville airport).

Named customers3 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Machine InvestmentminorStrategic or Co-development PartnerLRC Properties partnered with Machine Investment to acquire the 2 Dell Parkway warehouse property in Nashville for $36.2 million in May 2021. This was a joint acquisition partnership for industrial warehouse assets.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Crescent Communities: Southeast US real estate developer/investor with mixed-use, multifamily, and commercial product, headquartered in the Carolinas. Comparable as a Southeast-based private CRE operator with multi-product exposure.

Direct peers

• Foundry Commercial: Privately-held, full-service commercial real estate firm operating in the Southeast with investment, leasing, property management, and project management services. Highly comparable in size, region, and multi-service CRE model to LRC.
• Becknell Industrial: Privately-held industrial real estate investment and development firm focused on value-add warehouse/logistics properties across the US. Comparable to LRC's industrial acquisition and repositioning thesis in the East Coast and Southeast.
• St. John Properties: Privately-held commercial real estate investment and management firm operating office, flex/R&D, retail, and warehouse properties along the East Coast. Closely comparable to LRC in business model, asset mix, and East Coast operating geography.
• Childress Klein: Privately-held Southeast-based commercial real estate developer, investor, and manager with a long track record across industrial, office, retail, and mixed-use assets. Comparable to LRC's value-add, Southeast-anchored strategy.
• Terreno Realty Corporation: Public REIT focused on acquiring, developing, and operating industrial properties in six major US coastal markets including the Carolinas and Florida. Directly comparable industrial investment thesis to LRC's industrial book.
• IDI Logistics: Privately-held industrial real estate investment and logistics firm acquiring and developing warehouse/distribution properties nationwide with Southeast exposure. Comparable investment strategy and asset class focus to LRC.

Broad incumbents

• First Industrial Realty Trust: Diversified public industrial REIT with significant Southeast US exposure. Larger and broader incumbent in the same industrial investment segment where LRC operates.
• EastGroup Properties: Public industrial REIT focused on Sunbelt warehouse/distribution properties, including Florida, Texas, and the Carolinas. Larger, public-market comparable operating in many of the same Southeast submarkets as LRC.

Emerging players

• Trinity Capital Partners: Boutique private commercial real estate investment firm focused on value-add and opportunistic deals in Southeast markets. Highly comparable in size, region, and value-add investment strategy.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lrc-opportunity-fund-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LRC Properties