About Us
APG Capital is a real estate investment and development firm headquartered in Raleigh, North Carolina. Jim Anthony, CEO and founder of APG, started the company in 1987. APG Capital has purchased, developed, leased, and managed commercial real estate assets in the Southeast for over 30 years.
The History of APG Capital
Since its founding, APG has successfully acquired and developed over $750mm of real estate in North Carolina, South Carolina, Georgia, Tennessee, and Virginia. Property types include industrial, flex, office, retail, apartments, affordable housing, student housing, town homes, single family residential, mixed-use, and land.
APG’s investment strategy focuses on acquiring value-add industrial, office, and multifamily assets below replacement cost. In addition, APG undertakes limited horizontal and vertical development alongside land banking in North Carolina. APG has also successfully joint ventured with top-tier partners on mixed-use vertical development projects and acquired real estate assets outside of North Carolina. Over its three-decade history, APG has consistently adapted to changing markets and delivered outstanding returns through its opportunistic investment strategies. Skillfully acting on market opportunities is one of APG’s distinctive traits.
Investment Criteria
Office
- Low occupancy and/or low rents required
- Deferred maintenance issues
- Capital constrained ownership
- Market fundamentals must be strong
- Below depreciated replacement cost pricing
- Priced from $5M up to $50M
Workforce Housing
- Class B and C communities of 50 units and up
- Vacancy and deferred maintenance problems
- Solid market fundamentals required
- Below depreciated replacement cost
- We buy land to build up to 50 units or to add value from $3M to $50M total cost
Retail
- We buy reposition and redevelopment opportunities
- Below depreciated replacement cost
- Solid market fundamentals are required
- Class B to D properties of 50,000 SF and up
- We buy value add above $4M cost or redevelopment up to $20 M
Industrial
- We buy repositioning opportunities, must be priced below depreciated replacement cost
- Solid market fundamentals are required
- We buy in second tier urban and primary suburban markets to invest in viable, undercapitalized properties with vacancy and deferred maintenance from $3M up to $30M
Land for Builders/Developers
- We buy land to create value in our markets: North Carolina, South Carolina, Georgia, Tennessee, and Virginia metros on I-85 / I-40 Corridor
- We do JV opportunities with owners seeking experience, skills, and capital
- We buy land for home and apartment builders from $1M to $10M value
Historic Properties
- High community impact required
- Residential, office, mixed-use, retail/service
- Tax credits NOT required
- Must be located in our markets: North Carolina, South Carolina, Georgia, Tennessee, and Virginia metros
Meet Your Team
We strive to be creative, generous, and compassionate as we lead our team into the future. APG Capital delivers great places to live and work, as well as improves the quality of life for people in the Southeastern United States. We empower our people to be compassionate and act with integrity for our clients and our communities alike.
Culture and Values
GIVE BACK
We prioritize generosity in our North Carolina markets through a variety of organizations and causes.
CULTIVATE
Our people are our priority, and we want to help them achieve the very best that they can.
TRANSFORM
As experts in our field, we are committed to doing the best work we can in our community.
LEAD
We always focus on moving forward with innovation and creativity.
DELIVER
We strategically deliver great places to live and work.