What Chartwell Property Group does

Chartwell Property Group is a private, boutique real estate investment firm founded in 2007 and headquartered in Raleigh, North Carolina, that acquires, redevelops, and selectively develops value-add real estate assets. The firm reports cumulative transactions in excess of $4 billion in acquisitions and in excess of $1 billion in development, spanning asset classes including grocery-anchored retail, medical office, multifamily (including student housing via adaptive reuse), mixed-use urban villages, and Class A office. Its portfolio is concentrated across North Carolina — Raleigh, Durham, Chapel Hill, Greensboro, Charlotte, Southern Pines, and Wilmington — with notable projects such as the LEED-certified East 54 mixed-use village in Chapel Hill, the 195,911 sq ft The Grove Durham office tower, the Charter Square public-private partnership with the City of Raleigh, and the Still Meadow Village 280-unit multifamily community in Wilmington.

The firm operates with an intentionally small team (1-10 employees) led by Managing Partner Jack Dunn, Partner Michael Lewis, Senior Real Estate Associate Chase Coker, and Chairman Roger Perry. Senior principals are directly involved in sourcing, structuring, and executing each transaction, and the firm's investment services include acquisitions, adaptive reuse, ground-up development, public-private partnerships, recapitalizations, joint ventures, preferred equity, loan purchases, and rezoning. There is no proprietary technology platform; differentiation rests on relationship-driven deal sourcing, deep institutional and municipal relationships (Duke University, Rex/UNC Health, Harris Teeter, City of Raleigh, City of Durham), and low-leverage, long-term ownership philosophy.

Revenue is generated through asset appreciation, property sales, leasing income, and development/asset management fees on individually negotiated transactions; pricing is not publicly disclosed. Counterparties include institutional investors and capital partners, healthcare systems, universities, grocery and corporate tenants, and municipal governments. No external funding rounds, institutional investors, or parent company affiliations are disclosed, and ownership appears to be partner-managed.

Name

Chartwell Property Group

Legal name

Chartwell Property Group

Website

https://chartwellpropertygrouprtp.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

Chartwell Property Group is a private, boutique Raleigh-based real estate investment firm founded in 2007 that acquires, redevelops, and develops value-add assets — including retail, medical office, multifamily, and mixed-use properties — across North Carolina for institutional capital partners, healthcare and university tenants, and municipal counterparties.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment

NAICS

Nonresidential Property Managers (531312), Portfolio Management and Investment Advice (523940)

SIC

Real Estate Dealers (For Their Own Account) (6532), Operative Builders (1531)

akta.pro primary industry

Real Estate Funds — Value-Add (FSANAEAH)

akta.pro secondary industries

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL), Brownfield Redevelopment & Land Reclamation (Cleanup for Reuse, Risk-Based Closure) (EUAIALAI), Retail Real Estate Asset Management (BPAJAMAF)

Keywords

• Value-add real estate
• Commercial property investment
• Real estate development
• Adaptive reuse projects
• Public-private partnerships

Headquarters

HQ city

Raleigh

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Real Estate Investment & Development Returns: Acquires, redevelops, and selectively develops real estate assets. Revenue generated through asset appreciation, property sales, leasing income, and development fees. Transaction history includes acquisitions exceeding $4bn and development in excess of $1bn.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Chartwell Property Group is a boutique real estate investment firm that acquires, redevelops, and selectively develops high-quality value-add real estate assets across North Carolina. Its core activities include value-add acquisitions, adaptive reuse and ground-up development, public-private partnerships, recapitalizations, joint ventures, preferred equity placements, and asset management across multifamily, retail, medical office, mixed-use, and office asset classes.

Product overview

Chartwell Property Group is a boutique, relationship-driven real estate investment firm that operates as a single unified platform for acquiring, developing, and managing value-add real estate assets. The firm's portfolio spans multiple property types including multifamily residential, retail, medical office, mixed-use developments, and industrial properties across North Carolina. Their investment services include development (in excess of $1bn), acquisitions (in excess of $4bn), public-private partnerships, recapitalizations, environmental insurance and brownfields, loan purchases, rezoning, joint ventures and preferred equity, and strategic consulting. The named projects represent individual real estate developments and acquisitions across asset classes, with no modular software products or technology platforms.

Differentiator

Problem solved

Functional benefit

Products and services

• Value-Add Real Estate Investments Boutique principal-led investment program that acquires, redevelops, and selectively develops high-quality real estate assets for institutional investors, family offices, and lenders across North Carolina; cumulative acquisitions exceeding $4bn.
• Ground-Up & Adaptive Reuse Development Selective ground-up development and adaptive reuse of real estate assets (including the 130-year-old Erwin Mill conversion, East 54 LEED-certified urban village, and Adams Farm Shopping Center redevelopment); cumulative development activity exceeding $1bn.
• Public-Private Partnerships Structured partnerships with municipalities and public entities for the redevelopment of public-owned real estate; examples include the $36 million Charter Square redevelopment with the City of Raleigh and a $31 million partnership with the City of Durham.
• Joint Ventures & Preferred Equity Co-investment structures with capital partners, including joint ventures and preferred equity placements, for value-add and opportunistic real estate transactions across North Carolina.
• Recapitalizations & Loan Purchases Real estate recapitalizations, loan purchases, brownfield and environmental insurance-driven deals, and complex transaction restructurings for value-add assets in North Carolina.
• Build-to-Suit & Asset Management Services Custom build-to-suit development and ongoing asset management for owners and tenants, evidenced by UNC/Rex build-to-suit projects, Rex Ambulatory Surgery Center / Rex Wellness Center operations, and Duke University leases.

Quantifiable outcome

• In excess of $4 billion in acquisitions and $1 billion in development completed
• +1 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor.

• Craig Davis PropertiesminorOthersJack Dunn served as President of Craig Davis Properties prior to founding Chartwell. During his four-year tenure, the firm completed more than $250 million of new development and acquisition activity while doubling annual revenues.
• Lincoln HarrisminorOthersJack Dunn formerly served as Senior Vice President and Regional Director at Lincoln Harris prior to founding Chartwell. Served in senior management roles prior to Lincoln Harris at Highwoods Properties.
• Highwoods PropertiesminorOthersJack Dunn held Vice President/Regional Director and Director of Acquisitions roles at Highwoods Properties, running the firm's largest operating division with a portfolio of more than 9.5 million square feet and 60 employees.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Trinity Partners: Charlotte-based commercial real estate investment and development firm focused on office, industrial, retail, and healthcare properties across the Carolinas. Comparable boutique model with similar asset class mix and regional concentration.
• Lincoln Harris: Charlotte-based real estate investment and development firm focused on office, healthcare, and mixed-use properties across the Southeast. Directly relevant as a former employer of Managing Partner Jack Dunn; comparable regional scale and asset class focus.
• Grubb Properties: Charlotte-based real estate investment and management firm with multifamily, mixed-use, and office focus across the Carolinas. Similar value-add investment approach and institutional-grade execution capability in NC markets.
• Woodfield Development: NC-based real estate development company focused on multifamily and mixed-use projects in the Carolinas. Similar boutique scale and asset class focus on student housing, multifamily, and mixed-use developments.
• Capital Associates: Raleigh-based full-service real estate firm specializing in office, industrial, retail, and investment properties. Directly comparable NC-focused boutique with similar principal-led model.
• Craig Davis Properties: NC-based commercial real estate firm focused on office, retail, and industrial properties. Directly comparable as a former employer of Managing Partner Jack Dunn; similar boutique model in NC.

Broad incumbents

• Highwoods Properties: Raleigh-based publicly traded REIT and one of the largest owners of office properties in the Best Business Districts of the Southeast. Major incumbent competitor in NC office market; former employer of Managing Partner Jack Dunn.
• KBS Realty Advisors: National institutional commercial real estate investment firm with value-add and core strategies across asset classes. Competes for similar value-add opportunities with much larger capital pools and institutional relationships.
• Cousins Properties: Atlanta-based publicly traded REIT focused on Class A office properties in high-growth Sun Belt markets including NC. Larger institutional competitor in the same Southeast markets and asset class.

Regional players

• Raleigh Realty: Raleigh-based boutique brokerage and real estate services firm with deep Triangle market relationships. Comparable in regional focus and relationship-driven approach, though with different service mix.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Chartwell Property Group