Property Management

Pelican Realty Capital is a full-service commercial property management firm providing third-party management solutions across Multifamily, Retail, Office, and Industrial assets. With over 10 years of industry experience, Pelican Realty Capital has a proven track record of managing both stabilized properties and complex, high-demand situations requiring hands-on expertise and strategic oversight.

Our team delivers a comprehensive suite of property management services designed to protect and enhance asset value, optimize operational performance, and align with ownership objectives. From day-to-day operations and tenant relations to financial reporting, budgeting, capital projects, and compliance, we act as a trusted partner to property owners at every stage of the investment lifecycle. We are a licensed NC general contractor and offer project management/asset management services, along with full service accounting.

Pelican Realty Capital is distinguished by its ability to navigate challenging operational environments, including distressed assets, transitions in ownership, repositioning efforts, and performance turnarounds. We combine disciplined management practices with market insight and responsive service to drive long-term value and stability for our clients’ portfolios.

Recent Renovation & Turn Around Example

At the time of acquisition, more than 60% of the units in this multifamily property were vacant and uninhabitable due to years of neglect by prior ownership. Pelican assumed full control of the property and construction management and subsequently completed a comprehensive renovation of the vacant units. Improvements included new kitchen cabinets, appliances, flooring throughout, drywall, paint, trim, and fully renovated bathrooms with new showers/tubs, vanities, and toilets.

In addition, outdated plumbing was removed and replaced, obsolete and out-of-code electrical systems were upgraded, and new heating and air-conditioning systems were installed. Pelican also replaced roofs, repaired deteriorated interior and exterior staircases, removed dozens of trees, repaved and reconfigured parking areas, installed new hot water heaters, and enhanced the property’s landscaping. Pelican also corrected numerous structural framing issues by installing new joists and subfloors.

Upon completion of the renovation program, Pelican successfully leased the property to nearly 100% occupancy, achieving new rental rates exceeding 2.2x the pre-renovation rents. Pelican was the project manager and general contractor.

Before Renovations

After Renovations