Charlotte, N.C.–based real estate firm Faison Enterprises has spun off its acquisitions and multifamily teams into two independent companies, reports Charlotte Business Journal staffer Ashley Fahey.

The former acquisitions team at Faison Entreprises will now operate as Wintergreen Capital, to be led by David Lampke and Bill Barnett. The multifamily group, led by Chris Branch, will operate as Boulevard Real Estate Advisors.

Faison’s founder, Henry Faison, died in 2012. The company then started restructuring, and a real estate investment management firm called FCA Partners was formed in 2014. Also that year, Faison sold its property management business to Foundry Commercial.

“We appreciate the many contributions that David, Bill, and Chris have made to our business and wish them continued success with their new ventures,” said Tom Webb, president of Faison, in a statement. “We look forward to exploring investment opportunities with both Wintergreen Capital and Boulevard Real Estate Advisors in the future.”

Faison will operate solely as an investment company and will seek to deploy its capital in the Southeast in a limited-partner capacity.

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