LEXINGTON, NC— Capstone Companies is pleased to announce the $5.85M sale of Lexington Park, a 62-unit garden-style apartment and townhome community located in Lexington, North Carolina. The well-maintained asset stands out due to its desirable walk-up units and large floor plans. Following the sale, the buyer has assumed the in-place agency loan and intends to build upon the value-add strategy implemented by the seller.

The Capstone brokerage team was led by Firm Partner, Ron Corrao, and Managing Director, Eric Liebich, who facilitated the sale on behalf of the seller, Prudent Growth Partners. They also sourced the buyer, Fox Glen Capital. Brokerage team members Matt Weinstein, Josh Greenwald, Scott Fuller, Dane Lozier, and Mike Mosher also assisted in the sale process.

“The sale of Lexington Park represents a significant achievement for all parties involved. The property’s strategic location, coupled with its strong tenant base and value-add potential, made it an attractive investment opportunity,” said Corrao. “We are pleased to have brokered this transaction and look forward to seeing how the new ownership continues to bring value to the community.”

Situated in the flourishing market of Lexington, North Carolina, Lexington Park Apartments not only offers a sound investment but also enriches the vibrancy and growth of the local community. With its close proximity to I-85, major highways, and downtown Lexington, along with its exceptional maintenance and dedication to providing quality housing, the property will continue to elevate the living experience for residents under new ownership. This further solidifies the property’s position as a cornerstone of the growing community.

Media Contact:

Emma Woodward

Digital Marketing Specialist

ewoodward@capstone-companies.com