Harpeth Capital Announces Final Close of CHIPS III

Harpeth Capital, LLC is pleased to announce the final close of Carter-Haston Investment Partners III and its related funds (“CHIPS III” or the “Fund”) with commitments totaling $65.7 million.  The firm had previously advised on the raising of CHIPS I (closed in 2009) and CHIPS II (closed in 2013).

Thus far, with capital from both a first and second close of the Fund as well as institutional partners, CHIPS III has acquired seven properties, including assets in two new markets for Carter-Haston – Plano, TX (500-unit mid-rise community) and Albuquerque, NM (356-unit community).  The Fund’s most recent acquisition is a 360-unit community in Panama City Beach, FL.  In addition, the Fund currently has an eighth property under contract and is proceeding with diligence towards a close in the second quarter.

About Carter-Haston

Carter-Haston is an integrated real estate fund manager and property manager with more than 25 years of experience sponsoring and managing its own multifamily investments.  CHIPS III is targeting value-add and opportunistic returns through the acquisition of Class A and Class B multifamily properties located throughout 11 states and more than 35 individual markets in the Southeast, Southwest and Midwest United States, with a focus on secondary and tertiary markets.  For more information, visit