The victim told police that he was approached at a restaurant on Franklin Street by two black males who engaged him in a conversation and walked with him through the Granville Towers area.
Once they neared Cameron Avenue, one suspect forced the victim to the ground, while the other took his phone and credit cards.
The suspects then got into a car that was waiting nearby and fled by vehicle. No weapon was seen by the victim.
One of the suspects was described as 6 feet tall and 170 pounds. He was wearing a black hoodie jacket. The second suspect was wearing a black jacket and black sunglasses.
Police are asking anyone with information that may help to identify the suspect(s) to call 911 or contact the Chapel Hill-Carrboro-UNC Crime Stoppers at (919) 942-7515.