Capstone Apartment Partners is pleased to present The Coves: a 142-unit apartment community in Jackson, Tennessee. Current ownership has completed extensive renovations throughout the property encompassing 89% of the units with a substantial interior scope of work as well as addressing exterior deferred maintenance. The property is unmatched in its direct accessibility to Interstate 40 as well as its immediate proximity to the area’s largest employers and demand drivers. The Coves is well positioned for near-term rent growth and stable occupancy as no new supply has been delivered since 2014. With proven rent premiums, and a value-add initiative to complete, the asset is poised to capitalize on the impressive investment fundamentals of Jackson.
Opportunity to Complete Renovations with Proven Rent Premiums
Abundance of Proximate Retail & Economic Drivers