Currently Touring Value-Add Opportunity in Durham, NC

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Capstone Apartment Partners is pleased to present Foxfire Apartments: a well-performing, 354-unit community with substantial proven value-add opportunities located in the thriving North Durham submarket. While providing a serene environment for residents, Foxfire is exceptionally positioned with easy access to the Raleigh-Durham MSA’s main employment nodes, retail, and recreational outlets, including Downtown Durham, Research Triangle Park, Duke University as well as several primary medical installations. Sitting squarely within the path of growth in Durham, Foxfire’s submarket is experiencing exponentially greater organic rent growth than anyplace in the Triangle (12% EGI growth in the last 18 months); thus, providing investors with a uniquely positioned asset that is primed to continue its upward trend of organic and forced NOI growth.

Investment Highlights

Savvy Operational History Provides Basis for Large-Scale, Value-Add Program
Built-In Upside with Proven Value-Add Opportunity
12% Organic EGI Growth in the Trailing 18 Months
Superior Amenity Package and Attractive Setting
Ideal Proximity to Local Demand Drivers

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