Millrace Capital acquires, operates, and enhances commercial real estate assets through a value-driven investment approach focused on long-term wealth creation.
About Millrace Capital
Millrace Capital is a commercial real estate investment and asset management firm focused on acquiring, operating, improving, and strategically exiting commercial real estate assets throughout the Southeastern United States.
Our portfolio is built on industrial warehouses, flex facilities, and retail centers across South Carolina and Georgia — markets where we have deep local relationships and a proven track record of execution.
With more than $23 million in assets under management and a growing portfolio of both active and successfully exited investments, Millrace Capital brings institutional discipline to every transaction.
Our Investment StrategyWhat Drives Us
01
Working with Millrace means becoming part of a long-term relationship, not a single transaction. We invest alongside our partners with full alignment of interests, and our team is committed to delivering the most comprehensive, hands-on service in the industry — building trust through consistent communication and a track record of doing what we say we'll do.
02
Commercial real estate is built on relationships, and relationships are built on trust. We take a direct, person-to-person approach with every partner and investor, offering candid analysis and tailored guidance — not boilerplate advice — so every decision is made with full clarity on the risks and the opportunity.
03
We believe real estate should be as rewarding to pursue as it is to achieve. Our team brings genuine enthusiasm to every deal, finding real fulfillment in helping partners grow their wealth and in watching overlooked properties become thriving assets. That energy shapes how we work — driven, optimistic, and genuinely invested in the success of everyone we partner with.
Our Process
Each investment moves through a disciplined four-stage process designed to maximize risk-adjusted returns at every stage of the investment lifecycle.
01 — Acquire
We source, underwrite, and acquire attractive commercial real estate opportunities through disciplined market analysis, off-market deal flow, and deep regional relationships. We buy these buildings outright, taking ownership and building a portfolio designed for long-term value creation.
02 — Improve
Execute targeted capital improvement and operational initiatives that address value gaps and reposition assets within their competitive set.
03 — Operate
Strengthen tenant relationships, optimize occupancy, manage expenses, and maximize net operating income through active asset management. We also pursue strategic finance opportunities — including refinancing — to manage risk and enhance long-term returns.
04 — Realize
Strategically exit investments when value creation objectives have been achieved and market conditions are favorable.
Active Portfolio
Eleven active assets across South Carolina and Georgia, each acquired through disciplined underwriting and actively managed to maximize performance.
Industrial Warehouse
Lugoff, SC
Industrial Warehouse
Lexington, SC
Industrial Warehouse
Augusta, GA
Retail Strip Center
Columbia, SC
Retail (QSR)
Orangeburg, SC
Industrial / Flex
Aiken, SC
Shopping Center
Lugoff, SC
Multifamily
Lexington, SC
