August 15, 2023

Capstone Brokers $12.1M Sale of 3-Property Portfolio in Colorado

DENVER, CO MSA: Capstone has closed the sale of 4001-4065 Upham St, a portfolio of three adjacent multifamily properties in Wheat Ridge for the sale price of $12,100,000. Christian Burgdorf & Austin Smith of Capstone brokered the transaction. Local firm, Renegade Capital, purchased the properties from a local family that had owned the buildings since construction. The buildings were constructed in...

Capstone Brokers 234-Unit Class A Property in Fargo, ND

FARGO, ND: Capstone has brokered the sale of U32, a Class A, 234-unit multifamily property in Fargo, ND.  Kevin Phelan and Josh Benard of Capstone brokered the transaction. U32 is conveniently located on the north side of Fargo. It’s a quick drive to Interstate 29 and is in close proximity to Hector International Airport and North Dakota State University, making this property attractive to a diverse...

Multi-Family News Run Down 08/15/2023.

The tides of change and opportunity are ever-present in the multi-family housing realm, as highlighted by recent headlines. The luxury apartment market has proven resilient, countering demand fluctuations with stability and evolution. With nearly 200,000 new units entering the market in H1 2023, this niche is witnessing a balancing act between demand and supply, offering a glimpse into the multifaceted...

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