Research Triangle, North Carolina · Since 2017

We buy the land, draw the plans, pour the concrete and hand over the keys.

Abranova is a vertically integrated real estate investment and construction development company. One counterparty from raw land to leased asset — which is why our proformas survive contact with a jobsite.

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324kSF
Built and under management: $65M
Portfolio market capitalisation: 16–24%
Average IRR

Historical average across realised projects, as reported in the company deck. Past performance is not indicative of future results; deal-level detail is available on request.

The full stack

Four businesses that would normally be four invoices

Most developers assemble a project from strangers: a GC, a design firm, a capital partner, a management company. Every handoff is a margin paid out and a risk nobody owns. We run all four ourselves.

Our ability to execute site-work and vertical construction in-house is what gives us an edge over other developers in delivering ground-up projects to the market at competitive proforma projections.

Over 33 employees, most of them working as laborers, carpenters, concrete finishers, equipment operators, site-work and utility installers.

01
Construction
Self-perform crews, not a rolodex of subs. Site-work and vertical construction run in-house, which is why the general contractor's margin stays inside the deal.
02
Development
From raw land to a permitted, buildable site. We carry entitlements, design and permitting ourselves, so the schedule we underwrite is the schedule we control.
03
Real estate investment
Deals are underwritten off our own delivered projects in this submarket — real cost, real absorption, real rent — rather than off broker comps alone.
04
Property management
The team that leased the last community leases the next one. Lease-up assumptions are tested by the people who have to hit them.

How the stack works

Selected work

What we have actually built

8 projects across 4 markets and 2 states — townhomes, apartments, condominiums, build-to-rent and one 1929 Art Deco landmark.

All 8 projects

Why the Triangle

We build in one region, and we know it in depth

Duke, NC State and UNC Chapel Hill sit minutes apart. Apple, Google and Wolfspeed are all building here. And the Raleigh metro ranks first in the country for the share of workers earning six figures in a place where the cost of living is below the national average.

300+
Companies in Research Triangle Park: 50,000
People employed there: 3,000+
Patents awarded: #1
Largest research park in the US

The market thesis

Six-figure earners, low cost of living

11.8%Raleigh MSA74,860 of 633,260 workers earning $100k+
15.3%Durham–Chapel Hill MSA#2 among mid-sized metros
6.4%United StatesNational share, adjusted for inflation

The Triangle labour market continues to heat up despite macroeconomic concerns. The Raleigh MSA saw a 16.4% year-over-year increase in median rental price as of September 2022 — twice the rate of US inflation over the same period.

Digital transformation

A construction operating system, built in-house

Abranova's next phase of growth depends on leveraging software, data analytics and lean project management to drive construction and development efficiency. We are building that system ourselves, structured on CSI division codes.

Inside the platform