Oakdale Capital Closes Off-Market Fayetteville, NC Multifamily Portfolio
Oakdale Capital has closed the Fayetteville Portfolio — a three-property, 323-unit value-add multifamily portfolio in Fayetteville, North Carolina, and the first acquisition completed through the Oakdale Capital GP Fund, LP.
Oakdale Capital, a Chicago-based real estate investment firm focused on value-add multifamily opportunities across the Midwest and Southeast, has announced the closing of the Fayetteville Portfolio, a three-property, 323-unit multifamily portfolio located in Fayetteville, North Carolina.
Acquired off-market for $99,000 per unit, the portfolio represents the first investment completed through Oakdale Capital GP Fund, LP and establishes a strong foundation for the firm's ongoing acquisition pipeline. The assets are well-located, garden-style communities with proven rent growth, stable tenant bases, and material operational upside through renovation and management improvements.
The transaction was financed through Fannie Mae under attractive long-term, fixed-rate terms, providing positive leverage at acquisition and strong current cash yields. Carlisle Residential Properties, based in Greensboro, NC, will lead property management, drawing on its deep expertise in the Fayetteville market.
"This deal embodies the thesis behind Oakdale. We target high-yield, well-located properties in secondary markets that are trading well below intrinsic value. At a $99,000 per-unit basis with Fannie Mae financing and projected double-digit annual cash flow, this is the kind of durable outperformance our investors expect." — Will Thompson, Founder & CEO, Oakdale Capital
Oakdale will execute a focused value-add strategy that includes selective interior renovations, exterior enhancements, and operational efficiencies designed to enhance the resident experience while maintaining affordability for working households.
The acquisition underscores Oakdale's broader investment strategy of targeting vintage Class B multifamily communities in high-growth, supply-constrained markets across the Midwest and Southeast — assets that offer strong fundamentals, below-replacement-cost pricing, and compelling yield relative to institutional gateway markets.
About Oakdale Capital
Oakdale Capital is a multifamily real estate investment firm led by principals with over 30 years of experience. The firm acquires, operates, and improves value-add and core-plus apartment communities across the Midwest, Southeast, and Texas, combining institutional discipline, data-driven market selection, and hands-on execution to deliver attractive, risk-adjusted returns.
For more information, visit www.oakdale-capital.com or contact investors@oakdale-capital.com.
