Rijkdom Realty Partners: Triangle Market Insights, Project Pipeline & Investor Updates
- Aubrey Balgos
- Nov 18
- 9 min read
Updated: Nov 19
Welcome to Rijkdom Realty Partners — where strategic vision meets disciplined execution.
At Rijkdom Realty Partners, we’re redefining what smart, sustainable real estate investing looks like across the Triangle. Founded by Erik Timmermans, a seasoned expert with more than a decade of experience in real estate development, construction, and investment strategy, our firm blends deep industry knowledge with a performance-driven approach.
Under Erik’s leadership, Rijkdom Realty Partners has raised over $100 million in capital and delivered consistent, double-digit returns to investors through carefully selected, data-backed real estate opportunities. Our mission is clear: help investors build long-term wealth through smart, strategic, and transparent real estate investments. Whether you’re a seasoned investor or evaluating your first project, our team provides the insight, alignment, and partnership needed to transform potential into profit.
Triangle Market Update & Pipeline Highlights
Staying Focused on What Works
Staying Focused on What Works
Through market shifts and rapid regional growth, our strategy remains steady:
Data-driven acquisitions
Value-add renovation opportunities
High-quality new construction
Strong operational execution
Over the past several months, our team has actively expanded the pipeline, pushed existing projects toward completion, and exited several successful investments. We continue to target neighborhoods with strong fundamentals — rising demand, strategic redevelopment, and long-term upside — positioning Rijkdom Realty Partners as a trusted operator in one of the fastest-growing markets in the Southeast.
New Opportunities in the Pipeline
816 Bloodworth St — Raleigh, NC
Rijkdom Realty Partners is proud to present a newly built, two-story modern residence at 816 Bloodworth St, located minutes from Downtown Raleigh. This property offers:
Clean, modern, functional design
Easy access to GoRaleigh transit routes
Walkability to employment, retail, and cultural hubs
Exceptional long-term rental and appreciation potential
This historic corridor is undergoing strong revitalization momentum — offering investors the rare chance to acquire a brand-new home in an increasingly competitive neighborhood.
700 & 704 Bragg St. — Raleigh, NC
We are excited to introduce two newly built duplexes at 700 & 704 Bragg St (formerly 702 Bragg). These modern, two-story duplexes include:
Four high-quality, efficient units
Contemporary interiors and open floor plans
Abundant natural light
Energy-saving systems designed for long-term durability
Excellent location minutes from Downtown Raleigh
These properties embody strong rental demand, long-term value, and strategic growth potential — prime for investors looking to participate in Raleigh’s upward trajectory.
Project Highlight of the Month
Bicketts & Fairview
Rijkdom Realty Partners continues to strengthen its footprint across Raleigh’s most promising infill neighborhoods — with significant progress across three flagship projects in the Bickett corridor and a new development launching on Fairview Road. These projects reflect our commitment to thoughtful design, efficient construction management, and delivering high-performing assets in supply-constrained urban zones.
301 Bickett Blvd — Full-Scale Transformation in Progress
301 Bickett is one of our most strategically positioned value-add projects within this rapidly evolving corridor. The property is undergoing a comprehensive renovation and structural enhancement designed to reposition it as a modern, energy-efficient home that meets today’s market demands.
Current progress includes:
Completion of site prep and foundation improvements
Structural reinforcement to achieve long-term durability and compliance
Updated mechanical layouts to support future energy-efficient upgrades
Exterior modernization designed for improved curb appeal and resale value
As the build transitions into the finish phases, 301 Bickett is poised to become a standout example of our ability to transform aging housing stock into high-quality, market-ready residences that command strong interest from both buyers and renters.
301.5 Bickett Blvd — Entering the Interior Finish Phase
At 301.5 Bickett, all structural, mechanical, and utility upgrades have been successfully completed — a major milestone that sets the stage for the next chapter of construction.
This project is now progressing into:
Interior wall finishing
Installation of energy-efficient systems
Modern design upgrades tailored to current buyer preferences
High-quality material selections that ensure longevity and reduced maintenance
By prioritizing functionality, sustainability, and refined design, 301.5 Bickett is positioned to perform strongly upon completion — offering both short-term rental potential and long-term appreciation in a corridor experiencing significant revitalization.
303 Bickett Blvd — Rapid Progress Toward Completion
303 Bickett is now one of our fastest-moving projects, with construction advancing precisely on schedule. Major milestones include:
Completed framing of the full structure
Installation of insulation for energy performance and noise reduction
Exterior cladding and weatherproofing nearing completion
Interior detailing, millwork, and finishes set to begin shortly
This home’s efficient timeline reflects our systemized approach to construction management — ensuring delivery remains consistent despite labor and material fluctuations within the market.
1315 Fairview Road — New Infill Construction in a Premier Location
Located along one of Raleigh’s most desirable residential corridors, 1315 Fairview Road represents our continued expansion into boutique-scale new construction.
The site has officially entered the early development phase:
Full site preparation and grading
Utility and civil work planning
Foundation layout and structural permitting
Architectural and design finalization in progress
As an area known for its historic charm, walkability, and high demand, the Fairview development is set to become a showcase asset — offering modern living within a premium, character-rich neighborhood.
Delivering Quality, Consistency & Strong Investor Outcomes
Collectively, the Bickett and Fairview projects demonstrate Rijkdom Realty Partners’ disciplined approach to project execution across multiple asset types — from full-scale renovations to ground-up construction.
These homes reflect:
Quality craftsmanship backed by strict build standards
Efficient timelines supported by strong contractor partnerships
Strategic design choices aligned with buyer preferences and market data
Reliable performance for long-term investor returns
We invite you to follow our progress across these exciting builds. Check out our Instagram for behind-the-scenes videos, before-and-after transformations, and real-time project updates.
Recent Success Stories
Our latest dispositions highlight not only the depth of our renovation expertise, but also our disciplined approach to deal selection, design strategy, and exit timing across multiple North Carolina markets. Each property reflects our ability to identify undervalued opportunities, execute targeted improvements, and deliver consistent profits — even in shifting economic conditions.
These projects continue to validate our core investment philosophy: buy intelligently, renovate with purpose, and exit with precision.
616 Wright St — Wilmington, NC
Full-Scale Transformation with Above-Projections Exit
616 Wright St represents the full power of our value-add methodology. Acquired as a structurally sound yet severely outdated home, the property offered significant opportunity for layout optimization and modern upgrades.
Key improvements included:
Reconfiguring interior walls to create a more functional, open-concept layout
Installing modern, coastal-inspired finishes suited to Wilmington buyer preferences
Upgrading all mechanical systems, electrical, and plumbing for long-term durability
Enhancing curb appeal with new siding, landscaping, and a refreshed exterior color palette
Improving natural light flow and energy efficiency through updated windows and lighting
These improvements significantly elevated the property’s livability and long-term value. By pairing thoughtful renovations with a data-driven pricing and marketing strategy, we successfully exited above projected numbers, reinforcing our strong analytical and construction execution in coastal markets.
1608 Davis St — Wilmington, NC
Disciplined Renovation & Well-Timed Market Exit
1608 Davis St is another example of our ability to match renovation scope with the unique characteristics of the surrounding neighborhood.
Our strategy centered on:
Maintaining the home’s original character while integrating modern finishes
Addressing deferred maintenance issues to reduce long-term buyer concerns
Executing an efficient construction timeline to capitalize on seasonal buyer demand
Designing a clean, updated aesthetic aligned with Wilmington’s competitive entry-level and mid-tier market segments
By remaining disciplined in renovation spend and leveraging favorable market conditions at the time of listing, we achieved a strong, timely sale. This project further solidifies our presence in Wilmington and expands our track record of reliable, repeatable results in the region’s growing investment landscape.
103 Red Fox Trail — North Carolina
Underpriced Opportunity Turned High-Performance Asset
103 Red Fox Trail was acquired as an undervalued property with excellent structural integrity but limited market appeal. Through strategic enhancements, we transformed it into a turnkey home that aligned with buyer expectations and achieved a standout performance for the quarter.
Targeted improvements included:
Reworking the floor plan to enhance flow and functionality
Modernizing the kitchen and bathrooms with durable, contemporary finishes
Updating flooring, paint, lighting, and fixtures for a cohesive aesthetic
Adding strategic upgrades to increase perceived value without overcapitalizing
Enhancing exterior appeal through landscaping, repairs, and updated colors
The combination of smart upgrades and thoughtful staging allowed the property to stand out in its submarket, leading to a smooth, high-demand sale and one of our strongest value-add returns of the year.
112 Sellers St — Selma, NC
Efficient Rehab & High-Confidence Disposition
112 Sellers St showcases our ability to identify “hidden value” in secondary markets — areas with increasing migration, strong rental demand, and growing investor interest.
Our approach focused on:
Conducting essential structural and mechanical updates to maximize safety and reliability
Designing a cost-effective, attractive interior palette that fits both rental and resale needs
Improving kitchen and bath functionality while keeping renovation budgets strategic
Tight coordination with contractors to minimize downtime and accelerate project turnover
The result was a streamlined, efficient renovation followed by a successful disposition that added another win to our value-add portfolio. This project demonstrates our capability to deliver returns not only in major metros like Raleigh and Wilmington, but also in high-potential, emerging secondary markets.
A Proven Model Across Multiple Markets
From Wilmington’s coastal neighborhoods to Selma’s emerging suburban corridors, our recent dispositions underscore the consistency of our investment model:
Acquire below replacement cost
Renovate with precision and purpose
Enhance long-term marketability
Exit at the optimal moment
Each project reinforces our ability to adapt our strategy to local market dynamics while maintaining a high standard of quality, efficiency, and investor performance.
Under Stabilization
656 Dr. Martin Luther King Jr Blvd — Kinston, NC
Stabilization Phase: Strong Leasing Momentum & Operational Performance
Our asset at 656 Dr. Martin Luther King Jr Blvd in Kinston is approaching full stabilization, marking a significant milestone in transforming a previously underperforming property into a stable, income-producing asset. This project reflects our team’s capability to reposition challenging units, implement targeted improvements, and enhance long-term operational value in an emerging submarket.
Renovation Closeout
Renovation efforts are now in the final stage, with all major interior and exterior upgrades substantially completed. Key improvements include:
Updated mechanical systems to ensure long-term reliability
Modernized interiors featuring durable, tenant-friendly materials
Enhanced exterior appeal through refreshed façades and landscaping
Security and lighting upgrades to improve safety and tenant satisfaction
These enhancements have substantially increased the property’s desirability and reinforced its competitive position within the Kinston rental market.
Leasing & Occupancy Performance
Leasing activity has accelerated significantly over the last several weeks, indicating both strong demand and effective marketing execution.
Current performance trends include:
Occupancy steadily rising as newly renovated units enter the rental pool
High inquiry volume driven by improved curb appeal and updated unit finishes
Rapid lease-up velocity compared to similar properties in the area
Strong retention indicators, signaling tenant satisfaction and reduced turnover risk
With stabilized physical occupancy in sight, the asset is on track to outperform initial lease-up projections.
Rent Optimization Strategy
As occupancy increases, we have shifted our focus toward rent optimization — carefully balancing market demand with operational targets.
Our approach includes:
Conducting ongoing rent studies to benchmark against nearby comps
Testing incremental rent adjustments on new leases to gauge elasticity
Enhancing tenant value through improved maintenance response and property experience
Implementing a tiered pricing strategy to maximize performance across unit types
Early signals show above-average rentability, suggesting that upgraded units can capture stronger rents than originally projected.
Positioning Within a Revitalizing Submarket
The Kinston area continues to see steady revitalization, with increased investment activity, local business growth, and a rising demand for quality rental housing.
656 MLK Jr Blvd is ideally positioned to benefit from these trends due to:
Its central location near employment zones, schools, and retail corridors
The scarcity of newly renovated rental units in the immediate area
A growing tenant base seeking safe, updated, and professionally managed housing
Submarket momentum driven by ongoing public and private redevelopment efforts
Our early stabilization performance confirms that demand for quality workforce housing in Kinston is both strong and sustainable.
A Demonstration of Rijkdom’s Value-Add Expertise
The near-stabilization of 656 Dr. Martin Luther King Jr Blvd is a powerful example of our ability to:
Identify underperforming assets
Execute targeted renovations efficiently
Improve tenant retention and satisfaction
Strengthen cash flow and long-term valuation
By transforming this property into a reliable, income-producing asset, we continue to reinforce the strength of our vertically integrated approach and our commitment to delivering real, measurable value to our investors.
Meet the Team
Justin is the driving force behind our property operations, overseeing every stage of a project’s lifecycle with precision and consistency. As our property manager, he manages construction progress, coordinates listings, and serves as the central point of communication for buyers, sellers, contractors, and legal partners. His meticulous attention to detail and exceptional ability to keep multiple teams aligned ensure that each project remains on schedule, compliant, and market-ready. Justin’s leadership and operational expertise keep our pipeline moving efficiently, making him an indispensable contributor to Rijkdom Realty Partners’ ongoing success.
Bree is the powerhouse driving the efficiency and cohesion of our operations, allowing the team to focus on sourcing new deals and expanding the business. She manages every detail—from crafting this blog to overseeing our website, schedules, and internal communications—ensuring seamless alignment across all initiatives. Beyond operations, Bree elevates the Rijkdom Realty Partners brand by curating polished social media content, editing photos and videos, and producing our internal business with precision. Her dedication and expertise are key to the sharp, professional updates we deliver and the growing reach of our brand. Bree is truly an indispensable member of the Rijkdom Realty Partners team.
Upcoming Event:
The Real Estate Show & Tell for Savvy Investors
Join Erik Timmermans for an exclusive, hands-on Show & Tell as we tour 3–4 active projects, each highlighting a different investment strategy—including a flip, a new build, and an upcoming teardown-to-duplex project.
Date: Saturday, November 22, 2025
Time: 9:00 AM – 11:00 AM
Location: Start at 301 Bickett Blvd, Raleigh. From there, attendees will follow Erik to nearby project sites.
Cost: Free to attend.
Curious what insights you’ll walk away with?
Looking Ahead
As we move through the next quarter, our attention stays on strategic growth across the Triangle — strengthening our deal pipeline, improving operational efficiency, and continuing to deliver consistent results for our partners.
Our website, www.rrprental.com continues to be updated with property photos, investor resources, and company news. Stay tuned for more details as these projects progress.
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