Prudent Growth Partners Expands Portfolio with Coastal Townhomes Acquisition

On October 1, 2025, Prudent Growth Partners, LLC, a private equity real estate firm located in Chapel Hill and Charlotte, North Carolina, successfully finalized its acquisition of Coastal Townhomes, a multi-family residential property in Havelock, North Carolina. The acquisition, valued at $5.8 million, underscores the firm's commitment to strategic investments in markets with potential for growth.

Overview of the Property

Coastal Townhomes is a well-maintained asset currently boasting a 97% occupancy rate. The property features a total of 41 units that have undergone comprehensive renovations, while nine units have received partial upgrades, and the remaining 22 units maintain classic finishes. This property represents a solid investment in a supply-constrained market, highlighting Prudent Growth's strategic focus on undervalued real estate opportunities that promise long-term capital appreciation.

Havelock, located in the picturesque coastal region of eastern North Carolina, sits along the Neuse River. It is strategically positioned between the historic city of New Bern and the famous beach towns of the Crystal Coast. The area is not only known for its scenic beauty but also for hosting the world’s largest Marine Corps Air Station, Cherry Point, which significantly contributes to the local economy through military jobs and supporting services.

Economic Growth Prospects

The investment in Coastal Townhomes aligns with an anticipated economic upsurge in Havelock, fueled by the development of the new I-42 Highway, expected to be completed by 2026. This new road will enhance connectivity between Havelock and neighboring regions, including the tourist-friendly New Bern, thereby boosting the local economy and elevating property values.

Tom Hahn, President of Prudent Growth Partners, expressed his enthusiasm about the acquisition, saying, "We are excited to add Coastal Townhomes to our multi-family portfolio. This community represents a strong investment in a solid market, and we see tremendous opportunity to both preserve and enhance its long-term value. We look forward to continuing our commitment to providing quality housing and creating a positive impact for Havelock residents."

Investment Strategy of Prudent Growth Partners

Prudent Growth Partners is recognized for focusing on investment properties that often get overlooked by larger institutions. Their strategy emphasizes generating exceptional returns on invested capital while leveraging expert management to maximize future price appreciation. The firm targets properties in markets where they can effectively position themselves to meet the demands of local economies and housing requirements.

In recent years, Prudent Growth has demonstrated its capability to recognize and act upon promising real estate opportunities, as evidenced by their historical performance and strategic acquisitions across North Carolina. With this new addition of Coastal Townhomes to their portfolio, they are not only contributing to the local housing market but also strengthening the community by providing quality living options for residents.

In summary, the acquisition of Coastal Townhomes by Prudent Growth Partners exemplifies a strategic investment approach focused on long-term value retention and enhancement, all while fostering community development in the vibrant area of Havelock, North Carolina.