Capstone Lists New Charlotte Property

Capstone Apartment Partners is pleased to offer the opportunity to acquire Arcadian Village: a 348-unit townhome and garden-style apartment community located in Charlotte’s next transit-oriented neighborhood.

Arcadian Village offers an extremely well-maintained asset that has benefitted from significant capex and an in-place value-add program. As a testament to current ownership, the property has maintained an average 97%+ occupancy rate with only 30%± turnover rate since 2013—providing an excellent foundation for new ownership.

With the majority of the heavy lifting complete and a value-add program in place, incoming investors can immediately focus on driving NOI growth on renovated units and enhancing the interior renovations and community features.

 

Leave a Reply

Your email address will not be published. Required fields are marked *