Past Investments

 
 
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Apex 92

In 2012, Blue Heron acquired a 92-acre parcel in Apex, NC. The site was targeted due to its location in an area with significant growth potential,strategically located along US-64 near the I-540 (Raleigh ‘Outer Beltline’) interchange which opened in 2013, and in an area that was likely to see a surge in development due to the advent of sewer as a result of a $330 million municipal initiative.

 
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Marquee Station

In 2011, Blue Heron acquired a 25.6 acre greenfield site along US-401 in Fuquay Varina, NC. The site was an optimal location to grow the limited stock of multifamily housing in the town and create a small mixed-use community.

 
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Timber Hollow

In 2012, Blue Heron acquired Timber Hollow, a 198-unit multifamily community in Chapel Hill, NC. The property is located across the street from the future Carolina North, a new campus extension of UNC-Chapel Hill. This investment represented a strong value-add opportunity to improve existing housing and also to create additional housing to satisfy Chapel Hill’s growing needs, while also maintaining affordability for tenants. As visioned, the renovation and expansion would exemplify the town’s vision of increased density along public transit corridors, environmental sustainability through thoughtful development, and maintenance of affordability.

 
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Patterson Place

In 2013, Blue Heron entered into a partnership with The Bainbridge Companies, an experienced multifamily developer, to develop a new community comprised of 322 Class A garden-style apartments with excellent amenities, access to shopping and proximity to universities and employment drivers.

 
 

UNC Student Housing

In 2002, the University of North Carolina at Chapel Hill issued a Request for Proposal to construct 300 married/family student apartments on campus. In response to this request, The Ron Strom Company, with Ron Strom as principal, submitted an atypical proposal that provided for more units, structured parking, less impervious surface, and a walkable community. Mr. Strom approached the project with a unique vision, including adaptive reuse of the existing signature building on the property, the Baity House. Mr. Strom secured the contract for the project by assembling an all-local development team that had prior experience working with UNC.

 
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Retail Center Portfolio

Beginning in the mid 1990′s, Ron Strom began acquiring and renovating older retail centers in North Carolina.

 
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REal Estate Consulting

Beginning in the mid 1990′s, Ron Strom began acquiring and renovating older retail centers in North Carolina.