LEXINGTON, NC — Capstone Companies is pleased to announce the successful sale of Fairview Village, a 120-unit apartment community located in Lexington, North Carolina. Constructed in 1974 within the rapidly growing submarket of Davidson, the property has been very well-maintained by previous ownership, who invested significantly in targeted capital expenditures over the past few years. With an impressive 95% occupancy rate and a strategic location offering convenient access to major transportation routes and a plethora of amenities, the property stands as a testament to the robust demand for multifamily assets in the surrounding MSA.

The transaction was led by firm Partner, Ron Corrao, alongside Managing Director Eric Liebich, Directors Josh Greenwald and Scott Fuller, and Investment Sales Advisors Matt Weinstein and Dane Lozier.

Fairview Village’s strategic location in downtown Lexington, coupled with its proximity to the major thoroughfares of Interstate 85 and Interstate 285, position the asset as a highly desirable destination for tenants seeking convenience and connectivity. Additionally, the property benefits from favorable market dynamics, including robust rent growth and increasing nearby home values that further enhance the investment appeal of the property.

Media Contact:
Jaclyn Chapman
Director of Strategic Marketing Communications
jaclyn@capstone-companies.com