CapStack Partners has acquired two office properties in Chapel Hill and downtown Winston-Salem for an undisclosed amount.

The company, a New York-based investment bank and adviser specializing in real estate, hospitality, infrastructure and energy industries, is acquiring 87,468 square feet worth of office space.

The Chapel Hill location is at 88 Vilcom Center Drive covering 36,207 square feet. CapStack Partners bought the property from a lender that had previously foreclosed on the property.

The downtown Winston-Salem location is 51,261 square feet of office space.

“We are very excited to add these two assets to our Southeast portfolio,” said David Blatt, CEO of CapStack Partners, in a statement. “They are both exceptionally well-located in high-growth markets that are development constrained.”

Blatt said the office model caters to the millennial startup workforce by providing a flexible and full-service space for workers.

“We intend to reposition these properties into high-quality office that will serve the next level in that startup’s growth – when the company needs larger, dedicated, yet still flexible, space,” he said.

The debt financing for both properties was secured by CapStack’s investment banking division.