Located in the Triangle region of North Carolina, encompassing Raleigh, Durham, and Chapel Hill, Deaton Investment Real Estate, Inc. specializes in brokering income-producing multi-family investment properties. Throughout all of North Carolina, we maximize opportunities for buyers and sellers of rental investment property, from large apartment complexes to duplexes, triplexes and quads.
The company was founded in 1981 by Steve Deaton, who still operates it today. We work with individual, family-oriented buyers and sophisticated, institutional investors.
Our goal is always the same: earn, keep and respect the customer’s business.
Steve grew up in Southern Pines, N.C., moved to Raleigh in 1975 and graduated from N.C. State University in 1979.
In 1981, Steve founded Deaton Investment Real Estate, Inc. (formerly Deaton & Associates) to focus on the brokerage of multi-family property. Steve mowed grass 30 hours a week while working 40 hours a week in real estate for the first two years of his career to pay rent and buy crunchy peanut butter.
Steve’s many years of experience through multiple real estate cycles and his involvement in over 2,000 real estate transactions give him an in-depth and objective understanding of the financial benefits of investment real estate.
Steve remains active in operating and managing Deaton Investment Real Estate today and spends free time traveling and giving to local “basic needs” charities, serving as a member of the N.C. State University Foundation Board and the Advisory Board of the Wolfpack Investor Network. Steve lives in Raleigh with his wife and has two adult sons.
“T” (short for Thomas) has always called the Triangle of North Carolina home. Born and raised in Durham, he received a Bachelor of Arts in Economics from Duke University in 2003. At Duke he was also a walk-on for the baseball team where he surrendered home runs in both of his pitching appearances.
T.’s diversified experience includes commercial brokerage, construction and development consulting, property management, and real estate marketing. He has been with Deaton for more than a decade and is licensed in N.C. and S.C.
At Deaton, T. handles operations and general brokerage duties, working with sellers to market their properties for sale and consults investors on buying decisions. T. lives in Raleigh with his wife and their two children.
Born and raised in Raleigh, Michael graduated from East Carolina University in 2014. Michael has an unending energy and passion for helping his clients achieve their real estate goals. Michael joined his father at Deaton in 2015 after two years working in general commercial real estate brokerage.
With a focus on off-market transactions, Michael has been the leading producer at Deaton since 2017 and helped the team achieve the CoStar Power Broker Award year-after-year. He is licensed in N.C and S.C.
Michael lives in Raleigh where he enjoys and active lifestyle. He enjoys being outdoors, working out and rarely sits still for more than five minutes. In 2020, Michael was selected to East Carolina University’s Board of Visitors and is the youngest member of the board.