CHARLOTTE, N.C., April 21, 2026 — Linville Capital (“Linville”), an alternative asset manager focused on affordable and conventional multifamily housing, announced that an affiliate has acquired Fitch Irick Corporation (“FIC”), a vertically integrated affordable housing operator based in Charlotte, N.C. The transaction closed on March 31, 2026.
FIC develops, manages, owns, and preserves affordable housing communities that house an estimated 30,000 residents. Since its founding in 2014, FIC has developed over 50 such communities, representing more than 5,000 newly constructed units, and has rehabilitated over 1,600 units. The company currently has 20 active development projects under the Low-Income Housing Tax Credit (“LIHTC”) and USDA Section 515 Rural Rental Housing (“USDA RD”) programs. The company’s property management division oversees nearly 13,500 units across eight states and maintains a strong operational track record, with average portfolio occupancy exceeding 95% over the past decade. FIC has been consistently ranked among the Top 50 Affordable Housing Developers nationally by Affordable Housing Finance magazine.
Linville intends to build on FIC’s strong foundation as a proven affordable housing platform with multiple income streams in a high barrier-to-entry industry characterized by favorable supply-demand fundamentals. Linville’s partners have developed more than 50 affordable housing assets and acquired over 200 assets, representing more than $1 billion in transaction value.
Linville plans to accelerate FIC’s growth via additional investment in the company’s development and management verticals, targeted geographic expansion beyond its current footprint, and selective acquisitions and strategic partnerships to broaden capabilities and market reach.
“America’s affordable housing crisis requires new approaches to creating and preserving communities at scale,” said Hollis Fitch, Managing Partner at Linville Capital. “FIC has a strong track record of developing, preserving, and managing affordable housing, and we believe this investment will help expand that impact nationally.”
“The FIC team is passionately committed to growing affordable housing opportunities, enhancing community, and providing a true sense of home to the residents we serve,” said Robert Lampher, CEO of FIC. “The relationship with Linville brings alignment of expertise, experience, and resources that place us in a unique position to scale our platform in innovative ways. We couldn’t be more excited about the future and executing on our shared vision.”
Linville is working with FIC to ensure a smooth transition, with company leadership and employees remaining in place. The company is actively hiring and will continue collaborating with its vendor and partner network to expand service capabilities and provide more affordable housing across both new and existing markets.
To learn more about Linville Capital and its partners, please visit www.linvillecapital.com.
Advisors
Moore & Van Allen PLLC served as buy-side legal counsel. Hunton Andrews Kurth LLP served as sell-side legal counsel. CBRE’s Capital Advisors served as the financial advisor.
Media Contact:
Lisa Richman
Investor Relations
lisa@linvillecapital.com
(704) 368-2259