Capstone Closes $9.3 Million Sale of QOZ Apartment Asset in Charlotte

CHARLOTTE, NC—Capstone Apartment Partners has brokered the $9.3 million sale of Kingspark Apartments: a 110-unit garden- and townhome-style apartment community located in west Charlotte, North Carolina. The property is situated in a Qualified Opportunity Zone off West Blvd near Carolina Golf Club, less than three miles from Uptown. Ron Corrao,...

Capstone Closes $54 Million Sale of Class A Apartment Asset in Wilmington, NC

Capstone Apartment Partners announces the $54 million sale of Belle Meade, a Class A apartment community in Wilmington, North Carolina. The asset is located at 1109 Matteo Drive in southern Wilmington, less than four miles from the Atlantic Coast and approximately 4.5 miles from downtown.

Capstone Brokers $2,275,000 sale of Boutique Apartments in St. Petersburg, FL

Capstone Apartment Partners is pleased to announce the $2,275,000 sale of Aria Flats: a 16-unit, boutique mixed-use asset located in St. Petersburg, Florida. Jad Richa, Brian Hunsicker, and Tom Huffsmith of Capstone’s Tampa office had the exclusive listing to market the property and successfully sourced the new-to-market buyer.

Capstone Closes $4.3 Million Sale of 102-Unit Asset in Tulsa’s Midtown Area

TULSA, OK—Capstone Apartment Partners has closed the $4.3 million sale of Atlanta Terrace Apartments. The 102-unit community is situated on 3.74 acres off Interstate 44 in the Midtown area of Tulsa, Oklahoma. Capstone represented the seller, Atlanta Terrace Apartments LLC, and procured the buyer, Trident Multifamily. Atlanta Terrace is Trident’s...

University Area Apartment Community Set to Break Ground

CHARLOTTE, NC—Capstone Land Sales has arranged the $4.82 million sale of a 17.66-acre multi-family development site in the red-hot University City submarket of Charlotte, North Carolina. The site will be the future home of Spire Apartments: a 288-unit Class-A market rate garden-style apartment community. Capstone’s Caleb Troop and Bryse Toothaker...