Charter Property

About Charter Property

Charter Properties, Inc. is a real estate investment, development, and management firm that creates multi-family apartment communities in the Carolinas. The Springs Company, a holding company owned by the Close family, is the primary investor for Charter.

The Close family has been ingrained in the Charlotte community for over 150 years. And from the very beginning, they have always held a deep passion for their community, committed to seeing it flourish through thoughtful planning.

The Close family founded Springs Industries, once the world’s largest textile firm. In the 1960s, the company went public. Their stock was traded for over thirty years on the New York Stock Exchange before finally becoming private.

However, when Springs Industries went public, parts of the business became separate entities. That’s when the Springs Company was formed as a holding company. Then, Charter was founded in 1970 by the Springs Company and William (Bill) A. White, Jr. Bill White brought his expertise in commercial development to the firm.

As the city’s earliest full-service development firms, we created office buildings, retail spaces, housing developments, and more over the next thirty years. Proudly, many projects became iconic places, such as the Centrum, Woodlawn Green, 800 Cherokee, and Bank of America’s headquarters. Today, we exclusively develop neighborhood-driven, gorgeous multi-family properties to help people live better.