greenville

McCall Capital, LLC is a spinoff of a company formed in 1998 to develop and acquire multi-family apartment communities in the Carolina's and Georgia. With Mr. McCall as the Managing Member, this company has developed and/or acquired Duncan Chapel Clubhouseapproximately 2,230 apartment units, throughout the Carolina's, which are valued at approximately $200 million. The primary business is acquisition, asset management, development and sales of apartment communities primarily in the Carolina's, with property management added in 2008 with the start-up of McCall Residential Services, LLC. Since the company's inception in 1998, McCall Capital has been responsible for the following multi-family investments:

  1. Development of 8 upscale apartment home communities with 1,776 units;
  2. The Reserve at Wescott Plantation: acquired a 31-acre multi-family site in Summerville, South Carolina for future development of approximately 360 units (Phase I development with 192 apartment homes was completed in September, 2004 and sold in September, 2005 and Phase II with 96 units was completed in February, 2008);
  3. Providence Park: acquired and developed a 16.5-acre multi-family site in Columbia, South Carolina consisting of 216 units, was completed in March, 2005 and sold in May, 2006, generating substantial profits;
  4. Directly responsible for the marketing and sales of The Reserve at Wescott Plantation and Providence Park, which were highly successful investments;
  5. Magnolia Pointe: acquired a 101-unit apartment community in Greenville, South Carolina in May, 2005, and completed an extensive renovation and repositioning value add program;
  6. Enclave Fairview: acquired a 120-unit townhome apartment community in Simpsonville, SC in November, 2006, and completed an extensive renovation and repositioning value add program;
  7. Enclave Blythewood: acquired and developed an 18-acre multi-family site in Blythewood, South Carolina consisting of 228 units, plus purchased an adjacent Phase II parcel (+/- 160 units) in March 2009;
  8. Enclave Grandview: acquired a 240-unit apartment community in Simpsonville, South Carolina in November, 2007, and completed an extensive renovation and repositioning value add program;
  9. Acquired a +/- 40.7-acre multifamily site in Greenville, SC located near Paris Mountain, Cherrydale Retail Center, and Furman University, off Poinsett Highway and less than 3 miles from Downtown, in March 2008 for future development;
  10. Closed 223(f) HUD-insured mortgage in December 2010 for Enclave Blythewood, resulting in a permanent loan fixed at 3.77% with a 35-year term;
  11. Enclave Paris Mountain: closed the construction loan for Enclave Paris Mountain Apartments – Phase I in January 2012 via HUD's 221(d)4 FHA-insured mortgage program and started construction of Phase I consisting of 232 high-end market rate apartment homes in February 2012;

McCall Residential Services

providenceMcCall Capital strategically expanded its operations into the property management business, forming McCall Residential Services to manage its properties in 2008. McCall Residential Services, LLC is wholly owned by McCall Capital, LLC. Mr. McCall is the founder and President of McCall Residential Services. He and his professional team are responsible for all aspects of management operations, marketing and lease-up of all properties within the McCall Capital portfolio. Combining the property management with McCall Capital's asset management philosophy, which is a "hands on", incremental, value-added approach helps optimize the properties' operations, cash flows, and valuations based upon the investors' financial goals and time horizon. The creation of McCall Residential Services in combination with McCall Capital's asset management approach has significantly enhanced the company's properties' operations, cash flows, valuations and distributions to the investors, resulting in solid, growing assets well positioned in the marketplace. The 2010 refinancing of Enclave Blythewood would be a case in point; McCall through asset/property management developed an aggressive marketing and operating plan to reintroduce Enclave Blythewood to ramp up the property's operations, net operating income, cash flows and value upward, resulting in a very successful refinancing in December 2010. Going forward, McCall Capital and McCall Residential plan to selectively manage properties for other owners and financial institutions to establish relationships for future investment opportunities.