March 2023

New Offering: 316-Unit Shovel-Ready Development Site | Adjacent to New Town Center | Jacksonville, FL

Download Offering Materials: Old Jennings Development Site Capstone is pleased to present the exclusive listing of Old Jennings, a 22.48-acre multi-family development opportunity located in the Jacksonville MSA. The site is shovel-ready having all of the necessary zoning & development approvals for 316 multi-family units, allowing for new ownership to start construction immediately, largely reducing...

New Offering: LP Equity Investment Opportunity | PUD Multi-Family Development | Indianapolis MSA

Download Offering Materials: Farmhouse at Westfield Station On behalf of Front Street Partners (the “Sponsor”), Capstone is pleased to present an LP equity investment opportunity to capitalize the development of Farmhouse at Westfield Station, a 324-unit multi-family development located just south of downtown Westfield and only three miles north of downtown Carmel, Indiana. Situated on 24.1 acres...

New Offering: Build-To-Rent LP Investment Opportunity | Coastal South Carolina

Download Offering Materials: Paris Avenue Townhomes On behalf of Equus Development (the “Sponsor”), Capstone Equity & Structured Finance is pleased to present a limited partner investment opportunity to support the development of Paris Avenue Townhomes: a to-be-built, 121-unit, build-to-rent townhome community on 11.1 acres located at the central intersection of Port Royal–Ribaut Road and Paris...

New Offering: 338-MH Site Development in Sebring, FL MSA | Opportunity to Acquire Brand New, 5-Star Quality Asset

Download Offering Materials: Lake Placid MHC Development Capstone is pleased to present the Lake Placid MHC Development. This offering features a newly developed, age-restricted, 338-site community that spans 93 acres in Lake Placid, FL. The developer plans to deliver the Certificate of Occupancy (COO) at the time of closing, greatly benefiting a new owner. The community will be open for business, and...

New Offering: 89-Unit Houston MSA Portfolio | Proven Value-Add | Operational Upside

Download Offering Materials: Pasadena Portfolio Capstone is pleased to present the Pasadena Portfolio: 1963 & 1962 vintage, classic value-add assets in Pasadena, Texas, a suburb of Houston. Garner Park (53 units) and Shaver Park (36 units) present phenomenal potential to investors seeking entry into the resilient Southeast Houston multi-family market. New ownership will be able to take advantage of...

New Offering: ±16.26-Acre Multi-Family Development Site | Knoxville, TN MSA | QCT Eligible

Download Offering Materials: City View Apartments Development Site Capstone is pleased to present the City View Apartments Development Site, a ±16.26-acre multi-family zoned site in the Loudon County submarket of Knoxville, Tennessee. The development site is well-positioned to serve Class A tenants or an affordable development such as LIHTC. Located just off Highway 321 (20,950 VPD), future residents will...

New Offering: Low-Basis Attainable Housing Opportunity | Savannah, GA | 233 Units

Download Offering Materials: Savannah Portfolio Capstone is pleased to present the Savannah Portfolio (Eleven-750 & The Flats @ Six Gateway), a hotel-to-apartment redevelopment opportunity located in Savannah, GA. Both properties currently operate as hotels. The hotel-to-apartment conversion space gives a rare opportunity for developers to reposition the existing assets into a rental apartment...

New Offering: Fully Entitled ±8.60 Acre Development Site | 19 Miles to Ford’s BlueOval Mega Campus

Download Offering Materials: Henry Flats at Ford BlueOval Capstone is pleased to present the Henry Flats at Ford BlueOval Residential Development Site, an 8.60-acre, fully zoned and entitled parcel located in Brownsville, Tennessee. Henry Flats at Ford BlueOval is approved for a ±94-unit multi-family community with a full amenity set and on-site utilities, including water, sewer, electric, and gas. The...

Joyce apartments picture with details of sold transaction

Capstone Closes Joyce Apartments in Desirable Seattle, WA Submarket

SEATTLE, WA—Capstone Companies has closed the $3,250,000 sale of the Joyce Apartments: a 10-unit apartment community located in Edmonds, WA. Edmonds is a highly desirable residential area just 15 miles north of Seattle, WA, and boasts views of the Olympic Mountains and Puget Sound as well as a vibrant downtown. Capstone’s Evan McLeod and Chris Hardman sold the Joyce Apartments on March 17, 2023. Built...

New Offering: ±8.43-Acre Multi-Family Development Site | Zoned for ±102 Units | Knoxville, TN MSA

Download Offering Materials: Maryville Flats Development Site Capstone is pleased to present the Maryville Flats Development Site, a ±8.43-acre development site in Maryville, Tennessee. Maryville Flats has successfully gone through the Board of Zoning Adjustment and has been approved for multi-family zoning at 12 units per acre, totaling ±102 units. The development site is located in close proximity to...

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