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, Caleb Troop, Brian Ford, and […]
New Offering: Multi-Family Development Site in Nashville, TN | Approved 500+ Units in Qualified Census Tract
Download Offering Materials View Property Video Capstone Land Sales is pleased to present the Woodlands Crossing Development Site: a 12+-acre development site located along Nashville’s rapidly gentrifying West Trinity submarket. With in-place zoning allotting 429 apartments, 71 townhomes, and up to 100,000 square feet of commercial space, the site offers a diverse product type. This […]
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 fourth asset in their Tulsa […]
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 represented the seller, K Sade […]
Capstone Arranges $19.5 Million Sale of 174-Unit Garden-Style Asset in Charlotte MSA
Capstone Apartment Partners has arranged the $19.5 million sale of Destination at Union: a 174-unit garden-style apartment community in the western Charlotte suburb of Gastonia, North Carolina.
Capstone Closes $25 Million Sale of 208-Unit Asset in Greenville-Spartanburg MSA
Capstone Apartment Partners has closed the $25 million sale of Village at Mills Gap: a 208-unit garden-style apartment community in the northern Spartanburg suburb of Boiling Springs, South Carolina. The asset is situated along the Boiling Springs Road corridor right off Interstate 85.
Capstone Closes $1.5 Million Sale of Multi-Family Land Site in Franklin, TN
Capstone Land Sales has brokered the $1.5 million sale of a 7.1-acre land site located at 298 Royal Oaks Blvd in the Cool Springs submarket of Franklin, Tennessee.
Capstone Closes $17 Million Sale of Newport News Townhome-Style Asset
Capstone Apartment Partners facilitated the $17,015,445 sale of Hickory Point: a well-maintained townhome-style community located in Newport News, Virginia. Capstone sold the property on behalf of The Wilton Companies, setting a record price for 1970’s vintage product in the Newport News market for per unit pricing.
New Offering: New Construction Asset with Upscale Finishes in High Growth Corridor
Click Here to View Offering Materials: Lakeshore Landing Capstone Apartment Partners is pleased to present Lakeshore Landing: a 62-unit, Class A townhome community in Ardmore, Oklahoma that was just built in 2019. The community is conveniently located in a high-growth corridor adjacent to Interstate 35, which gives residents easy access to both the Oklahoma City […]
New Offering: ±31-Acres of Build-to-Suit Land in Affluent Cincinnati Suburb
Download Offering Materials: Loveland Grand Development Site Capstone Land Sales is pleased to present the Loveland Grand Development Site: a ±31.54-acre site in Cincinnati, Ohio’s highly desirable Loveland/Symmes Township submarket, with extensive road frontage along Loveland Maderia Road (15,000+ VPD). The site offers an affluent suburban community, boasting an average household income of $98,000+ in […]
New Offering: Adaptive Reuse Redevelopment Opportunity in Historic West 4th District
Click Here to View Offering Materials: West 4th Street Redevelopment Opportunity Capstone Apartment Partners is pleased to present an exciting assemblage in a rapidly growing corridor of downtown Cincinnati: the West 4th Street Redevelopment Opportunity. The opportunity consists of three buildings located within a block of each other (113, 211-219, 223 W 4th St) that […]
Capstone Brokers Three-Property Apartment Portfolio in Nashville
Capstone Apartment Partners has arranged the sale of a three-property, 475-unit apartment portfolio located in Nashville, TN. The portfolio is comprised of three Nashville-area garden-style apartment communities: Crossings at East Nashville, Crossings at Madison, and Flats at Nolensville.
Capstone Brokers 168-Unit Luxury Apartment Development Site in Nashville Suburb
Capstone Land Sales has closed the $3,862,000 sale of Brookhaven Villas: a 9.84-acre multi-family development site in the red-hot Nashville suburb of Murfreesboro.
New Offering: 384-Bed Student Housing Asset Serving the University of Tennessee at Martin
Download Offering Materials: Station at Martin Capstone Apartment Partners is pleased to present the Station at Martin, a 384-bed asset constructed in 2000, servicing the University of Tennessee at Martin. This regional university historically draws most students from west Tennessee, but with new leadership, a new and aggressive recruiting initiative has been put in place […]
New Offering: Fully Zoned & Entitled Multi-Family Site | Starkville, MS Near Mississippi State | Lake & Ample Acreage
Capstone Land Sales is pleased to present the Western Crossing Development Site: a 54± acre parcel located in Starkville, Mississippi just a few miles west of Mississippi State.
Capstone Arranges Sale of 312-Unit Apartment Asset in Flourishing Charlotte Suburb
Capstone Apartment Partners has brokered the sale of Gateway at Rock Hill: a 312-unit garden-style apartment community in the growing Charlotte suburb of Rock Hill, SC.
Capstone Expands West with Addition of Two New Offices in Oklahoma
Charlotte-based Capstone Companies is pleased to announce the launch of its new Oklahoma team specializing in the exclusive listing and selling of multi-family properties across the state of Oklahoma. The team is comprised of managing directors, William Forrest, and David Dirkschneider, in Oklahoma City and director, Mike Marrara, in Tulsa. The three new brokers each bring decades of multi-family experience […]
Capstone Arranges $14,625,000 Sale of Townhome-Style Apartment Community in Winston-Salem
Capstone Apartment Partners has closed the $14,625,000 sale of Gardens at Country Club: a 137-unit townhome-style apartment community on the west side of Winston-Salem, NC. The tree-lined property is situated on 14.82 acres near a vast assortment of retail and dining establishments along Hanes Mall Blvd.
New Offering: Boutique Urban Infill Redevelopment with Condo Grade Finishes | 14 Units in Downtown Cincinnati, OH
Capstone Apartment Partners is pleased to present The Lancaster Apartments, a 14-unit boutique luxury apartment community in the heart of downtown Cincinnati. With renovation completed in 2020, this is one of Cincinnati’s newest downtown developments. The property consists of 14 luxury units in the newly renovated eight story building, which is a proud member of the Race Street Historic District.
New Offering: 392-Unit High-Rise Apartment Community with Significant Value-Add Potential
Download Offering Materials: Latitude Five25 Capstone Apartment Partners is pleased to present Latitude Five25: a unique opportunity to acquire a centrally located, 392-unit, high-rise apartment community with significant value-add potential near downtown Columbus, OH. Latitude Five25 consists of two 15-story residential towers, offering panoramic views of the city’s skyline. Current ownership has been plagued by […]
New Offering: Value-Add Opportunity With Spacious Floor Plans
Click Here to View Offering Materials: Seastone & River Rock Capstone Apartment Partners is proud to present Seastone & River Rock: a 160-unit portfolio near the heart of Tampa. The portfolio consists of two- and three-bedroom units with large floor plans that have recently undergone considerable capital improvements by current ownership. New ownership will have […]
Capstone Brokers 23-Acre Apartment Development Site in North Raleigh
Capstone has closed the $4.34 million sale of a 23-acre development site in Wake Forest, North Carolina. The site will be the future home of Hawthorne at the Forest: a 248-unit luxury apartment community set to deliver in 2022.
New Offering: ±1.64-Acre Urban Core Infill Development Site in Uptown Charlotte’s CBD
Download Offering Materials: The Horizon at Uptown Capstone Land Sales is pleased to present The Horizon at Uptown—a ±1.64-acre infill urban core development site comprised of two adjacent parcels situated in the heart of Uptown Charlotte’s Fourth Ward. The Horizon at Uptown Development Site is walkable to Uptown’s Central Business District (CBD), offering unparalleled access […]
Capstone Closes $675,000 Sale of 14.44-Acre Multi-Family Development Site in Cookeville, TN
Capstone Land Sales has brokered the $675,000 sale of a 14.44-acre multi-family development site in Cookeville, TN. The buyer plans to develop for-rent housing on the site.
New Offering: 71-Site Community in Northeast Ohio | Exceptional Location with Immediate Rental Upside
Click Here to View Offering Materials: Claymont Estates MHP Capstone Manufactured Housing is pleased to present Claymont Estates Mobile Home Park: a 71-site community located in Uhrichsville, OH. The community is advantageously positioned near US-250 and I-77, providing excellent accessibility to the entire region. In addition, Claymont Estates is located within a Qualified Opportunity Zone, […]
New Offering: 288-Site Houston MH Community | 4-Star Asset in Premium Location
Download Offering Materials: Sun Meadows MHP Capstone Manufactured Housing is pleased to present Sun Meadows Mobile Home Park, a 288-site community located in Houston, TX. Positioned advantageously in the path of progress, the community reaps the benefits of the rapidly expanding market with frontage and entrances to two major roadways. Sun Meadows showcases an occupancy […]
New Offering: 305-Site Tiny Home & RV Portfolio in North Houston
Download Offering Materials: North Houston Tiny Home & RV Portfolio Capstone Manufactured Housing is pleased to present the North Houston Tiny Home & RV Portfolio. This portfolio features 305 sites across two communities: Majestic Hills Tiny Home Community and Majestic Pines RV Resort. The two communities are well-positioned within the Houston MSA and benefit from […]
Capstone Closes $27,050,000 Sale of 144-Unit Apartment Asset in Burgeoning Charlotte Suburb
Capstone has brokered the $27,050,000 sale of The Villas of Fort Mill: a 144-unit garden-style apartment community in the Charlotte MSA. The property is situated off Regent Parkway just 1.5 miles from the North Carolina/South Carolina border.
Capstone Closes $4,025,000 Sale of 288-Bed Student Housing Asset near Western Kentucky University
Capstone Apartment Partners has brokered the $4,025,000 sale of CEV Bowling Green: a 288-bed student housing community in Bowling Green, Kentucky. The property is situated on 6.47 acres less than a half mile from the edge of Western Kentucky University’s campus.
Capstone Closes $8.85 Million Sale of Garden-Style Asset in Clarksville, TN
Capstone Apartment Partners has brokered the $8,850,000 sale of Cobalt Drive Apartments: a 104-unit garden-style apartment community in Clarksville, Tennessee. The property is ideally situated off the growing Wilma Rudolph Blvd corridor and boasts proximity to jobs, recreation, entertainment, shopping, and dining.
New Offering: 79 Units in Cincinnati | Strong Cash Flow with Additional Value-Add Opportunities | Major CapEx Completed
Download Offering Materials: Anna Marie Capstone Apartment Partners is pleased to present Anna Marie Apartments: a 79-unit apartment community in the centrally located Lockland suburb of Cincinnati, Ohio. Current ownership has made consistent capital improvements to cure deferred maintenance and upgrade the property exterior and unit interiors while maintaining solid cash-flow at the property. An […]
Capstone Manufactured Housing Arranges $8 Million Sale of Two-Park Portfolio in St. Louis
Capstone Manufactured Housing has recently closed the $8 million sale of a 204-site manufactured housing portfolio in the St. Louis MSA. The portfolio is comprised of two mobile home parks: Eagle Creek and Cedar Hill. Combined, the two parks were 95% occupied at the time of closing.
New Offering: 68-Site Fort Wayne MHC | Ideally Located with Excellent Proximity to Amenities
Download Offering Materials: Glenbrook Mobile Home Park Capstone Manufactured Housing is pleased to present Glenbrook Mobile Home Park. This community is comprised of 68 total sites and is positioned advantageously in the expanding Fort Wayne market. Significant improvements have been completed over the past year, attributing to the community’s overall curb appeal and park operations. […]
New Offering: Charlotte, NC | Suburban Site with Multi-Family Zoning
Download Offering Materials: Flats at Whitehall Development Site Capstone Land Sales is proud to present The Flats at Whitehall Development Site, a ±36-acre, multi-family zoned site located in the burgeoning Steele Creek neighborhood of Charlotte, NC. The extremely attractive development site offers excellent accessibility, proximity to major employment opportunities, walkable retail, and a low-risk profile. […]
Capstone Brokers $41 Million Sale of Class A Charlotte-Area Apartment Community
CHARLOTTE, NC—Capstone Apartment Partners has brokered the $41 million sale of Lodges at Lake Wylie: a Class A, new construction apartment asset in the Charlotte suburb of Lake Wylie. In addition to the existing 245 units, the purchase included an adjacent parcel of land already zoned to support 114 additional units. Capstone sold the property […]
New Offering: 270-Site Central Iowa MHC Portfolio | Scaled Entry with Sizeable Rental Upside
Capstone Manufactured Housing is pleased to present the Central Iowa Portfolio. This portfolio features 270 sites across four communities: Prairie Village, Friendly Acres (Osceola), Friendly Acres (Chariton), and Country Estates. These communities are well-located and centralized within their respective markets, offering accessibility into two nearby MSAs (Des Moines and Cedar Rapids). The proximity of these […]
New Offering: ±2.27-Acre Shovel-Ready Boutique Garden Multi-Family Development Site
Capstone Land Sales is pleased to present The Exchange at Steele Creek Development Site, a 2.27-acre, fully approved and zoned shovel-ready boutique development site located in the burgeoning Steele Creek corridor of Charlotte, NC. The development site benefits from excellent multi-family fundamentals as well as its location in the amenity-rich submarket of Steele Creek. Investment […]
New Offering: $125+ Rent Premiums | Charlotte, NC | Value-Add Opportunity
Download Offering Materials: Wallace Terrace Capstone Apartment Partners is pleased to present Wallace Terrace Apartments in Charlotte, NC. Located just 7 minutes from downtown, this asset is in an amenity-rich area of Charlotte proper. Wallace Terrace Apartments provides an exceptional opportunity to acquire a well-maintained asset that will benefit from operational improvements and structured interior […]
New Offering: Rare Brentwood, TN Asset with Proven Value-Add Program & Resort-Style Amenities
Download Offering Materials: Brentwood Station Capstone Apartment Partners is pleased to present Brentwood Station—a 196-unit, 1968-constructed multi-family asset in one of Nashville’s premier submarkets. Located along Edmondson Pike in Brentwood, the property is surrounded by apartment communities with superior finish levels and amenities, providing prospective owners a clear and market-supported value-add initiative to close the […]
New Offering: Rare JV Development Opportunity in Uptown Healthcare District of Denver, CO
Download Offering Materials On behalf of 063 Design+Development (the “Developer”), Capstone is pleased to present a joint venture opportunity to finance the development of Emerson Place Apartments. Emerson Place is a to-be-built, 85-unit, boutique mid-rise multi-family asset near downtown Denver, CO. This Class A development will be one five-story building and the construction process can […]
New Offering: Rare Townhome Unit Mix | Tenant Makeup Protects Against Collections Risk
Download Offering Materials: Cambridge Park and Dewberry Terrace Capstone Apartment Partners is pleased to present Cambridge Park and Dewberry Terrace: a 64-unit, townhome community located in the heart of Charlotte, North Carolina. These assets are operated collectively, are contiguous, and extremely well maintained, offering rare three and four-bedroom townhomes with the submarket’s highest rents. Investors […]
New Offering: Well-Maintained Community with Operational Upside in North Carolina’s Triad MSA
Click Here to View Offering Materials: Lexington Park Apartments Capstone Apartment Partners is pleased to present the opportunity to acquire Lexington Park Apartments: a 62-unit garden apartment and townhome community located in Lexington, North Carolina. Lexington Park offers an extremely well-maintained asset that has benefited from significant capex and an in-place value-add program. Existing Value Propositions Ideally […]
Capstone Arranges $15 Million Sale of New Construction Asset in Brentwood
Capstone Apartment Partners has arranged the $15 million sale of The Lofts at Rose Monte: a 229-unit apartment community consisting of 52 existing apartments with the option to develop an additional 177 units in the Brentwood submarket of Nashville, Tennessee.
New Offering: Rare Brentwood Multi-Family Site | Zoned For 195 Units
Click Here to View Offering Materials: Brentwood Vistas Development Site Capstone Land Sales is pleased to present the Brentwood Vistas Development Site: a 6.56-acre parcel fully approved and entitled for 195 units in Brentwood—one of Nashville’s most desirable and hard-to-enter-suburbs. The site overlooks heavily-trafficked Interstate 65 and Hickory Boulevard; thereby giving developers enhanced skyline visibility […]
Join Us for a Webinar Discussing Cincinnati’s Commercial Real Estate Market
Join us for a webinar on Wednesday October 21, 2020 from 10am–11am ET. Presented by Oswald Companies, this live webcast will be discussing Cincinnati’s commercial real estate market. Capstone Managing Director, Stash Geleszinski, CCIM, will join other professionals in the insurance, retail, mortgage banking, and investment sales industries. You will leave with an understanding of […]
New Offering: 224-Unit Preferred Equity or JV Opportunity in Richmond, VA
Download Offering Materials: Sphere Apartments On behalf of MVP Equities (the “Developer”), Capstone Equity Solutions is pleased to present a preferred equity or joint venture opportunity to finance the development of Sphere Apartments: a to-be-built, 224-unit luxury mid-rise multi-family community near downtown Richmond, Virginia. This Class A development will be comprised of two four-story buildings […]
Capstone Brokers $9.53 Million Sale of Garden Apartment Community in Jackson, TN
Capstone Apartment Partners has brokered the $9,530,000 sale of The Villages of Campbell Oaks: a 96-unit garden apartment community in Jackson, TN. The property is positioned immediately off Interstate 40 and is proximate to an abundance of retail and dining destinations along the N. Highland Ave corridor.
Capstone Closes $12.75 Million Sale of 153-Unit Apartment Community in Murfreesboro, TN
Capstone Apartment Partners has arranged the $12.75 million sale of Haven Wood Apartments: a 153-unit apartment community in Murfreesboro, Tennessee.
New Offering: Downtown Cincinnati Redevelopment Opportunities | 75± Potential Units
Download Offering Materials: Downtown Cincinnati Redevelopment Opportunities Capstone Apartment Partners is pleased to present exciting redevelopment opportunities in rapidly growing neighborhoods of Downtown Cincinnati: 518 Reading Road (aka H Nuer Glass Company Building), in the Pendleton neighborhood that is adjacent to Over-the-Rhine, and 26 West 7th Street (Oskamp & Co Building) in the southwest CBD […]
New Offering: 51-Site MHP | Significant Value-Add Opportunity in Gulfport-Biloxi MSA
Download Offering Materials: Gardenia Hill Capstone Manufactured Housing is pleased to present Gardenia Hill. Located in Perkinston, Mississippi, this offering features 51 sites across a recently developed community ideally positioned in the expanding Gulfport-Biloxi MSA. The community consists of newer homes and infrastructure with direct billed utilities—substantially reducing costly capital expenditures, as well as repairs […]
Capstone Closes Sale of 288-Unit Garden Asset in Southeast Charlotte
Capstone Apartment Partners announces the sale of The Cove at Matthews: a 288-unit garden-style apartment community in southeast Charlotte. The asset is positioned on Monroe Road directly across the street from Family Dollar’s corporate office and distribution center and was 95% occupied at the time of sale.
New Offering: 104-Unit Value-Add Opportunity Located off Major Retail Corridor | Nashville MSA
Click Here to View Offering Materials: Cobalt Drive Apartments Capstone Apartment Partners is pleased to present the Cobalt Drive Apartments, a coveted value-add opportunity located off a rapidly growing retail corridor—Wilma Rudolph Boulevard—in Clarksville, Tennessee. The 104-unit listing offers prospective owners the opportunity to immediately implement a market supported value-add program, which would yield rent […]
New Offering: 160-Site MH Portfolio | Ideally Located In Cincinnati-Dayton-Columbus MSAs
Click Here for Offering Materials: Cincinnati | Columbus MH Portfolio Capstone Manufactured Housing is pleased to present the Cincinnati | Columbus MH Portfolio. This portfolio features 160 sites across 2 communities: Ideal MHP and Northgate MHP. Both communities offer superb locations and are centralized between 3 robust MSAs—Cincinnati, Dayton, and Columbus, OH. Located in Cincinnati/Dayton/Columbus […]
New Offering: 24-Unit, Value-Add Asset in Rapidly Growing Charlotte Submarket
Download Offering Materials: 357 Freedom Apartments Capstone Apartment Partners is pleased to present the 357 Freedom Apartments: a 24- unit, garden-style property located in Concord, NC. Situated near an abundance of employment opportunities and Class A retail, 357 Freedom features limited deferred maintenance and demonstrates proven rent premiums of $141 per unit. Drafting off this […]
Q2 2020 Midwest Market Report from Capstone Apartment Partners
Capstone Apartment Partners is pleased to share our Q2 2020 market report for the Midwest region: Cincinnati, Columbus, and Cleveland, OH; and Indianapolis, IN. The content of the report looks at each metro’s employment trends, economic development, multi-family data, and key metrics that affect our market. Click Here to read the most recent report.
Capstone Closes $3.2 Million Sale of 63-Unit Apartment Community in Burgeoning Cincinnati Suburb
ERLANGER, KY—Capstone Apartment Partners has arranged the $3.2 million sale of Amhurst Apartments: a 63-unit apartment community in the Cincinnati suburb of Erlanger, Kentucky. The well-maintained property is ideally situated on 4.65 acres less than 10 minutes from Interstate-75/71 and Interstate-275 and is approximately 20 minutes from downtown Cincinnati and its employment and entertainment districts. […]
Capstone Launches New Equity Solutions Service Line
CHARLOTTE, NC—Capstone Companies is pleased to announce the launch of its newest service line: Capstone Equity Solutions. Capstone’s Equity Solutions service line assists clients by sourcing capital for various real estate development projects and investments across the firm’s entire United States footprint. The Equity Solutions team leverages its capital markets experience and extensive relationships with […]
Capstone Closes Sale of 15-Acre LIHTC Approved Development Site in East Charlo
CHARLOTTE, NC—Capstone Land Sales has brokered the $1.35 million sale of a 15-acre multi-housing land site in east Charlotte. The land will be used to develop an affordable apartment community to be named Barrington Woods. The development site is entitled for up to 255 units, with construction planned to begin in Fall 2020. Capstone’s Ron […]
Capstone Closes Sale of 15-Acre LIHTC Approved Development Site in East Charlotte
CHARLOTTE, NC—Capstone Land Sales has brokered the $1.35 million sale of a 15-acre multi-housing land site in east Charlotte. The land will be used to develop an affordable apartment community to be named Barrington Woods. The development site is entitled for up to 255 units, with construction planned to begin in Fall 2020. Capstone’s Ron […]
New Offering: 246-Unit Asset | Well Located in Winston-Salem, NC
Click Here to View Offering Materials: La Deara Crest Estates Capstone Apartment Partners is pleased to present La Deara Crest Estates: a 246-unit, garden-style community located in the heart of the Triad in Winston-Salem, NC. La Deara Crest offers unparalleled access to downtown Winston-Salem and the Triad region. The property is an extremely well-maintained asset […]
New Offering: Three-Park MH Portfolio | 229 Sites in Michigan
Capstone manufactured housing is pleased to present the Southwest Michigan MH Portfolio, comprised of 229 sites across three communities: Lakeshore MHP, Port of Call MHP, and Riverside Estates MHP. This offering provides scaled entry into the surrounding market and features a combined 91% occupancy with below market rents and operational efficiencies. Click Here to View […]
Capstone Closes $37.2 Million Sale of Townhome-Style Apartment Asset in Charlotte MSA
GASTONIA, NC—Capstone Apartment Partners announces the $37.2 million sale of Ashbrook Village: a Class-A townhome-style apartment community in Gastonia, North Carolina. Developed in two phases, the property was owned and operated by the original developer. The property boasts tremendous upside potential with all 423 units poised to benefit from a value-add program. Capstone sold the […]
New Offering: 475-Unit Value Add Portfolio in Nashville, TN
Click to View Offering Materials: Nashville Value-Add Portfolio Capstone Apartment Partners is pleased to present the Nashville Value-Add Portfolio: three properties built between 1973 and 1979, totaling 475 units. Each property has undergone a significant value-add program over the last two years, as current ownership addressed deferred maintenance and renovated the interiors in 298 of […]
New Offering: Exceptionally Located Site in Cincinnati MSA | Zone & Entitled for 204 Units
Download Offering Materials: Wellington Manor Development Site Capstone Land Sales is pleased to present the Wellington Manor Development Site: a ±18.76-acre site in Middletown, OH (Cincinnati MSA). The site is already fully zoned and entitled for multi-family development and is essentially shovel ready for an incoming developer. The site also provides future residents with excellent […]
New Offering: 55+ MH Community in Central Florida | 44 Sites with Robust Amenity Package and Lakefront Views
Capstone Manufactured Housing is pleased to present Hidden Harbor on Lake Harris: a restricted, 55+ community located in Leesburg, Florida. This offering features 44 sites in a recently developed lakeside community, known for its charm and lifestyle amenities that cater to its active and close-knit resident base. Advantageously located in the expanding Central Florida market, […]
New Offering: OZ Development Site in Suburban Mixed-Use District | Charlotte MSA
Click to View Offering Materials: The Lofts at FUSE Capstone Land Sales is pleased to present The Lofts at FUSE Development Site, a ±2.21-acre multi-family site located in Downtown Gastonia near the brand-new Franklin Urban Sports and Entertainment (FUSE) District. With a potential density of ±150 units, developers can look to establish one of the […]
New Offering: High-Scoring ±10-Acre LIHTC Development Site | 5 Minutes from Uptown Charlotte
Click to View Offering Materials: Kingspark Commons Capstone Land Sales is pleased to present the Kingspark Commons LIHTC Development Site, a ±9.94-acre garden-style, affordable housing site in the West Charlotte Submarket of the greater Charlotte MSA. With a potential density of up to 218 units, the development site is well-positioned to help serve the working-class […]
New Offering: ±12-Acre Workforce Housing Development Site | 5 Minutes to Uptown, South End, and CLT Airport
Download Offering Materials: The Flats at West Blvd Development Site Capstone Land Sales is pleased to present The Flats at West Blvd Development Site, a ±11.84-acre garden-style multi-family site in the West Charlotte submarket of Charlotte’s urban core. The development site is well-positioned to serve the working class—a renter demographic that has been underserved in […]
Capstone Closes Sale of 176-Unit Opportunity Zone Asset Highlighted in Trump Speech
CHARLOTTE, N.C.– Capstone Apartment Partners announces the $7.5 million sale of Independence Place, a 176-unit property that offers both short- and longer-term rentals along Independence Boulevard just outside of uptown Charlotte. Denver, Colorado-based R Investments bought the property and expects to spend north of $3.5M in renovations, utilizing the federal Opportunity Zone legislation that offers […]
Capstone Arranges the $14.5M Sale of a 531-Site Manufactured Housing Portfolio
SPRINGFIELD, MO—Capstone Manufactured Housing has closed the $14.5 million sale of a three-park, 531-site manufactured housing portfolio. The portfolio is comprised of three Springfield-area communities: Lakewood Estates, Briarwood, and Alpine Village. The three parks are all within 20 minutes of one another and each is well-positioned within five minutes of Interstate 44. “The Springfield Portfolio […]
New Offering: 136-Unit, 3-Property LIHTC Portfolio in Louisville, KY
Capstone Apartment Partners is pleased to present a predominantly income restricted and government subsidized 136-unit, three-property portfolio for sale in Louisville, Kentucky. Shawnee Gardens consists of two phases: Phase I is the readapted 1915 Shawnee Elementary School converted into 47 units, and Phase II, constructed in 1999 as purpose-built apartment housing, consists of 28 low-income […]
Capstone Arranges Equity Financing for a Multi-Family Development in Henry County, GA
MCDONOUGH, GA—Capstone Equity Solutions has arranged the equity financing for Columns at South point: a 260-unit multi-family development in Henry County, Georgia. The local buyer, ECI Group, purchased the 28-acre land site for $3.75 million. They have partnered with Arizona-based multi-family finance firm Parse Capital to build the $45 million luxury apartment community, which is […]
New Offering: 116-Site MHP Portfolio in Adrian, MI | Stabilized Assets with Significant Upside
Click to View Offering Materials: Adrian Michigan Portfolio Capstone Manufactured Housing is pleased to present the Adrian Michigan MH Portfolio. This portfolio features 116 sites across 3 communities—Adrian Estates MHP, Southgate MHP, and Sunset MHP. Adrian Estates MHP is located within a qualified opportunity zone, which provides federal tax incentives for investors to reinvest their […]
New Offering: 137 Well-Located Townhome-Style Units | Proven Value-Add Opportunity
Click Here to View Offering Materials: Gardens at Country Club Capstone Apartment Partners is pleased to present Gardens at Country Club: a 137-unit, townhome-style community located in Winston-Salem, North Carolina. Gardens at Country Club offers an extremely well-maintained asset that benefits from significant recent CapEx and an in-place value-add program. With the majority of exterior […]
Capstone Arranges Sale of 268 Units in Paducah, KY
PADUCAH KY—Capstone Apartment Partners announces the $3 million sale of Fernwood Homes: a 126-unit apartment community in Paducah, Kentucky. The buyer, New York-based Hillcrest Acquisitions, recently closed on two other Paducah communities with Capstone: Riviera and Mora Mi Apartments. Between the three properties, Hillcrest now has a total share of 268 units in Paducah. They […]
48-Unit Property with Townhome-Style Floor Plans | 40-Unit Development Site Included
Learn more about this opportunity here: http://capstoneapts.listinglab.com/JacksonPointe/index.cfm. Capstone Apartment Partners is pleased to present Jackson Pointe Apartments: a 48-unit, townhome-style community located in the popular Highland Springs neighborhood of Richmond, Virginia, which represents a rare opportunity to acquire a highly desirable townhome-style asset in ideal proximity to downtown Richmond. All of Jackson Pointe’s units have undergone […]
Capstone Arranges $4.5 Million Sale of Manufactured Housing Community in Tulsa MSA
TULSA, OK—Capstone Manufactured Housing has closed the $4,450,000 sale of Pine Creek Estates: a manufactured housing community in Catoosa, Oklahoma. The 20-acre asset consists of 138 manufactured housing sites—16 of which are RV sites. It is situated less than 14 miles from downtown Tulsa and just 1.3 miles from the Hard Rock Casino and Hotel […]
New Offering: Prime Value-Add Opportunity Near Class A Retail | Winston-Salem, NC
Click Here to View Offering Materials: Woodlawn Apartments Capstone Apartments Partners is pleased to present Woodlawn Apartments: a 96-unit garden-style community located in Winston-Salem, North Carolina. Located near an abundance of employment opportunities and Class A retail, Woodlawn features limited deferred maintenance and demonstrates favorable operational momentum in the trailing months. Drafting off this positive […]
New Offering: 205-Unit, Value-Add Portfolio in Winston-Salem, NC
Click Here to View Offering Materials: Old Town Capstone Apartments Partners is pleased to present the Old Town Portfolio: a 205-unit garden-style portfolio consisting of five separate apartment complexes within 1 mile of each other and located in Winston-Salem, North Carolina. Positioned near an abundance of employment opportunities and Class-A retail, Old Town features limited […]
New Offering: By-Right Garden Development Site Within Master Planned Community
Click Here to Download Offering Materials Capstone Land Sales is pleased to present the Villages at Westgate Development Site: one of the last remaining development sites in the highly sought after, master planned Westgate Community in Leland, North Carolina. The ±37-acre site has in-place multi-family zoning of 16 units per acre. Situated just 15 minutes […]
New Offering: Charlotte MSA | 149-Unit Value-Add Portfolio
Click Here to View Offering Materials: Yorkhills Portfolio Capstone Apartment Partners is pleased to present the Yorkhills Portfolio, comprised of Wallace Terrace Apartments (32 units), Timberstone Apartments (69 units), and Kensington Townhomes (48 units). These three assets are located in amenity-rich areas of Charlotte, NC and Rock Hill, SC. The Yorkhills Portfolio is an exceptional […]
Q2 2020 Atlanta Market Report from Capstone Apartment Partners
Capstone Apartment Partners is pleased to share our Q2 2020 market report for Atlanta, GA. The content of the report aims to quantify the effects of the COVID-19 pandemic on the multi-family apartment sector. Click below to view the most recent report. We hope that you find this report useful and insightful! Click Here to […]
New Offering: ±45-Acre Development Site in Boston MSA | 400+ Proposed Units with Self-Storage
Click Here to View Offering Materials: Whittenton Mills Capstone Apartment Partners is pleased to present the unique opportunity to invest in a to-be-constructed +400-unit luxury multi-family community, Whittenton Mills. The subject site is in Taunton, MA, adjacent to Myles Standish Business Park (7,400 jobs), and is in an area that boasts nearly 40,000 jobs within […]
Capstone Closes $7.2 Million Sale of Transit-Oriented Development Site in South Charlotte
CHARLOTTE, NC—A multi-family project is imminent after the sale of a 12-acre redevelopment site at a highly visible south Charlotte intersection just 500 feet from the Tyvola Road Blue Line light rail station. The site, located at 1001 Tyvola Road just east of the Interstate 77 interchange, was sold by Keffer Management Company in a […]
Capstone Brokers $61.4M Sale of Six Properties in Louisville and Lexington
LOUISVILLE, KY—Capstone Apartment Partners has completed the $61.4 million sale of a six-property apartment portfolio in the greater Louisville and Lexington markets. New ownership is committed to preserving and revitalizing these assets to continue providing well-maintained and affordable housing for tenants. The 1,185-unit portfolio transaction consists of six apartment communities: King Solomon Apartments in Jeffersonville, […]
Capstone Closes $146 Million Sale of 1,120-Unit Class A Apartment Portfolio in South Carolina
CHARLOTTE, NC—Capstone Apartment Partners has arranged the $146 million sale of a four-property Class A apartment portfolio in South Carolina. The 1,120-unit portfolio transaction consists of four apartment communities: Ardmore at the Park, Ardmore Howell Road, Ardmore New River, and Ardmore Ballentine. All four properties had existing loans in place that were assumed by the […]
New Offering: 62-Site Park in Macon, GA
Download Offering Materials: Jones Acres MHP Capstone Manufactured Housing is pleased to present Jones Acres MHP, a 62-site community located in Macon, GA. The community is advantageously positioned near Interstate 75, offering excellent accessibility throughout the region and is less than a 15-minute drive to Downtown Macon, providing residents with a wide variety of parks, […]
New Offering: Recently Renovated Boutique Apartments in St. Petersburg, FL | 16 Units Centrally Located Near CBD
Click Here to View Offering Materials: Aria Flats Capstone is pleased to present Aria Flats: a boutique 16-unit mixed-use opportunity with 4,100 SF of ground-floor commercial space in thriving St. Petersburg. Fronting Central Avenue, Aria Flats offers an excellent location only minutes away from vibrant downtown St. Petersburg and local business districts. With significant capital […]
New Offering: 45-Site Community in Foley, AL | 100% Occupancy with Waitlist and Immediate Rental Upside
Click Here to View Offering Materials: Wolf Bay MHC Capstone Manufactured Housing is pleased to present Wolf Bay MHC. This manufactured housing community features 45 sites across 8+ acres in Foley, Alabama and adjacent to Gulf Shores. This offering features immediate rental upside due to current rents being substantially below what the market presently supports. Wolf […]
New Offering: Zoned 190-Unit Development Site in Greater Orlando MSA
Click Here to View Offering Materials: The Flats at Waters Edge Capstone Land Sales is pleased to present The Flats at Water’s Edge, a zoned multi-family site in Apopka, Florida. The 12.7-acre site allows up to 190-units at 15 units/acre, with zoning standards that will allow a three or four-story surface parked development. Ideally located at […]
New Offering: Consistently Well-Occupied Asset with Upside | 210 Units in Fort Wayne, IN
Click to View Offering Materials: Autumn Woods Capstone Apartment Partners is pleased to present Autumn Woods Apartments—a 210-unit apartment community located in the Victoria Park submarket of Fort Wayne, IN. The 20-acre property consists of 21 buildings with a mix of one- and two-bedroom flats. Current ownership has done an outstanding job keeping the property […]
Capstone Closes Joint Venture Sale of Rare Shipping Container Development in Trendy Nashville Neighborhood
NASHVILLE, TN—Capstone Apartment Partners announces the joint venture sale of 83 Freight: the country’s largest multi-family shipping container development. The development is located in Nashville’s hip Wedgewood-Houston neighborhood and less than 3.5 miles from downtown. Once an industrial area, Wedgewood-Houston is now experiencing a wave of revitalization. In recent years, factories and warehouses have been […]
New Offering: 100% Occupied Asset with Strong Cash Flow | 63 Units in Cincinnati MSA
Click Here to View Offering Materials: Amhurst Apartments Capstone Apartment Partners is pleased to present the Amhurst Apartments: a 63-unit apartment community in Erlanger, Kentucky—a very desirable suburb in the Greater Cincinnati MSA that has been rapidly growing due to the strong investment in and around the Cincinnati/Northern Kentucky airport (CVG). Located just off the […]
Capstone Closes Sale of 176-Unit Opportunity Zone Asset Highlighted in Trump Speech
CHARLOTTE, N.C.– Capstone Apartment Partners announces the $7.5 million sale of Independence Place, a 176-unit property that offers both short- and longer-term rentals along Independence Boulevard just outside of uptown Charlotte. Denver, Colorado-based R Investments bought the property and expects to spend north of $3.5M in renovations, utilizing the federal Opportunity Zone legislation that offers […]
Capstone Closes $6.35 Million Sale of Two Adjacent Apartment Communities in Paducah, KY
PADUCAH KY—Capstone Apartment Partners announces the $6.35 million sale of two adjacent apartment communities in Paducah, Kentucky. The two properties, Riviera and Mora Mi Apartments, are both situated near the intersection of Park Ave and Joe Clifton Dr—just a seven-minute drive from Paducah’s scenic Ohio riverfront area. The properties were sold on behalf of Alexander […]
Capstone Arranges $5.75 Million Sale of Two-Property Apartment Portfolio in Lakeland, FL
LAKELAND, FL—Capstone Apartment Partners has arranged the $5,750,000 sale of two apartment communities located in Lakeland, FL. The 64-unit portfolio is comprised of Patio Homes and Lakewood Apartments, and both were 100% occupied at the time of closing. Capstone represented the seller and procured the buyer, a Sebring-based investor. The buyer was attracted to the […]
New Offering: 228-Site MH Portfolio | Significant Rental Upside with Direct-Billed Utilities
Click Here to View Offering Materials: Indiana | Illinois Portfolio Capstone Manufactured Housing is pleased to present the Indiana | Illinois MH Portfolio, comprised of 228 sites across 2 communities—Gaslight Estates & Fehrenbacher MHP. The portfolio features multiple operational efficiencies due to public/direct-billed utilities, shared management capabilities, and a majority of lots consisting of resident-owned homes. These […]
New Offering: Value-Add Portfolio in Cleveland MSA | 190 Units with Immediate Upside
Click Here to View Offering Materials: Kenwood & Nottingham Capstone Apartment Partners is pleased to present a two-property portfolio consisting of 190 units in the Cleveland, OH MSA. The two assets are Kenwood Village (94 units in Euclid) and Nottingham Place (96 units in Cleveland). These assets have both received significant capital expenditures in the […]
Capstone Land Sales and The Shopping Center Group Close $1,064,000 Sale of 28-Acre Development Site in Growing Charlotte Suburb
ROCK HILL, SC—Capstone Land Sales and The Shopping Center Group have closed the $1,064,000 sale of a 28-acre mixed-use development site in Rock Hill, South Carolina in the Charlotte MSA. The two firms sold the property on behalf of Southeastern Grocers and procured the local buyer, Warren Norman Company. The buyer plans to develop the […]
New Offering: 61-Acre Single-Family Residential Development Site in Concord, NC
Click Here to View Offering Materials: Troxler Glen Capstone Land Sales is pleased to present the exclusive listing of Troxler Glen, a ±61-acre single-family residential development site located adjacent to the intersection of Poplar Tent Rd and Hwy 601 in Concord, NC. The site has RV-CD zoning in place and has been approved for up to 133 […]
Capstone Manufactured Housing Arranges $20 Million Sale of Three-Park Portfolio in Wichita
WICHITA, KS—Capstone Manufactured Housing has closed the $20 million sale of a three-park manufactured housing portfolio. The portfolio is comprised of 533 total sites at three Wichita-area communities: Lamplighter MHP, Fishin’ MHP, and River Oaks MHP. All communities offer robust amenity packages including a clubhouse, swimming pool, and basketball courts. Capstone’s Kevan Enger, Ian Hilpl, […]
Capstone’s Tampa Team Grows with Addition of Two Brokers
TAMPA, FL—Capstone Companies, based in Charlotte, NC, is pleased to announce the expansion of the firm’s multi-housing investment sales brokerage team in its Tampa office. Kyle Kaylor, Director, and Nasser Al-Hafi, Investment Sales Advisor, both bring significant expertise and experience in various roles across multiple facets of the multi-housing industry, as well as extensive apartment […]
New Offering: 100% Occupied HAP Contract Asset Now Available | 35 Units in Akron, OH
Click Here to View Offering Materials: Nela Manor Capstone Apartment Partners is pleased to present the Nela Manor Apartments—a 35-unit affordable asset with a 20-year HAP contract. The HAP contract provides guaranteed rental income from the U.S. Department of Housing and Urban Development (HUD), and the monthly rate is well above comparable market rate assets in […]
Capstone Closes $28.6M Sale of 302-Unit Portfolio in Charlotte, NC
CHARLOTTE, NC—Capstone Apartment Partners has arranged the $28,650,000 sale of a two-property, 302-unit workforce housing portfolio located in Charlotte, NC. Capstone sold the two properties on behalf of Cedar Grove Capital and procured the buyer, Saratoga Capital Partners. Saratoga looks forward to improving the units and amenities and continuing to offer clean and safe communities […]
New Offering: ±360-Unit By-Right Development Site Adjacent to I-85 in Charlotte MSA
Click Here to View Offering Materials: Creekside at Lowell Development Site Capstone Land Sales is pleased to present the Creekside at Lowell Development Site: a garden-style multi-family development site in the robust Gaston County submarket of west Charlotte. With direct access to and visibility from I-85 and Wilkinson Boulevard, as well as a proven demand for […]
Carolinas Multi-Family Development Update from Capstone Companies
Capstone Companies is pleased to share a multi-family development update for the Carolinas. Click Here to view the panel discussion. Senior Advisor Caleb Troop joins 4 industry leaders within the Carolinas multi-family development market. The discussion includes perspective on the current state of the market, what has changed since the COVID-19 pandemic, and where we go from […]
New Offering: Fully Entitled 200-Unit Development Site | Hermitage, TN
Click Here to Download Offering Materials: Hermitage Shores Development Site Capstone Land Sales is pleased to present the Hermitage Shores Development Site, a fully entitled ±200-unit parcel located within the growing Nashville submarket of Hermitage. The 8.58-acre site borders Interstate 40 and one of the most active interchanges in Nashville; thus, providing excellent connectivity and visibility from […]
New Offering: Charlotte MSA | Prime Value-Add Opportunity | 423 Units
Click Here for Offering Materials: Ashbrook Village Capstone Apartment Partners is pleased to present Ashbrook Village: a 423-unit townhome community located in Gastonia, North Carolina. Built in 1985, Ashbrook Village has been well-maintained as current ownership developed the asset as long-term holders. Home to over 30 international companies, Gaston County has emerged as a hub for foreign investments […]
Capstone Closes $3.2 Million Sale of 55+ Apartment Community in Palm Harbor, FL
TAMPA, FL—Capstone Apartment Partners announces the $3,247,500 sale of Lake Tarpon Apartments: a 55+ age-restricted, 40-unit apartment community located in Palm Harbor, Florida. Capstone’s Jad Richa, Brian Hunsicker, and Tom Huffsmith had the exclusive listing to market the property and successfully sourced the local buyer. “The buyer was attracted to the turn-key investment opportunity with […]
Capstone Manufactured Housing: A Market Outlook Post COVID-19
Over the next few weeks, Capstone Manufactured Housing will release a series of market reports to give us all a better understanding of the impact of COVID-19 on our economy and industry. We will provide updates to keep you informed on ongoing developments, including: What we are hearing from park owners across the country Updates […]
New Offering: By-Right Garden Development Site in Robust Charlotte Suburb
New Offering: By-Right Garden Development Site in Robust Charlotte Suburb Click Here for Video Tour Click Here for Offering Materials Capstone Land Sales is pleased to present the Lodges at Indian Land Development Site: the only by-right multi-family site available in the South Ballantyne or North Lancaster County submarket. The 38-acre site allows up to 575 units, […]
Capstone Closes $21 Million Sale of Garden-Style Apartment Community in LaGrange, GA
LAGRANGE, GA—Capstone Apartment Partners has brokered the $21 million sale of SunRidge Apartment Homes. The 192-unit garden-style community is located along the Hogansville Rd corridor, with 11 apartment buildings situated around a small pond. Capstone represented the seller, Sunny Pak, and procured the buyer, Southwood Realty Group. Southwood also recently acquired The Commons at Sun […]
Capstone Closes $21 Million Sale of Garden-Style Apartment Community in LaGrange, GA
LAGRANGE, GA—Capstone Apartment Partners has brokered the $21 million sale of SunRidge Apartment Homes. The 192-unit garden-style community is located along the Hogansville Rd corridor, with 11 apartment buildings situated around a small pond. Capstone represented the seller, Sunny Pak, and procured the buyer, Southwood Realty Group. Southwood also recently acquired The Commons at Sun […]
Capstone Apartment Partners Closes A 288-Unit Completely Vacant Reposition Opportunity in Charlotte, NC
Capstone Apartment Partners recently brokered the closing of Nova Ridge: 288 units in Charlotte, NC. This complex was completely vacant and under renovation at time of sale. The Capstone brokerage team was led by Alex McDermott and Austin Green. Contact alex@capstone-companies.com for more details regarding this sale.
Q1 2020 Atlanta Market Report from Capstone Apartment Partners
Capstone Apartment Partners is pleased to share our Q1 2020 market report for Atlanta, GA. The content of the report looks at the MSA’s recent trades, multi-family data, and other key metrics that affect our market. We hope that you find this report useful and insightful! <strong><a href=”https://indd.adobe.com/view/1c6fa17e-8dfe-4371-8bbb-12a7b88b67d7″>Click Here</a> to view the most recent report.</strong>
New Offering: Stabilized 2004 Brick Asset with NOI Upside | 32 Units in Upstate SC
Click Here for Virtual Library: Reaves Place Includes property video tour, 360 degree floor plan tour, photo gallery, and offering memorandum Capstone Apartments Partners is pleased to present Reaves Place: a 32-unit garden-style apartment complex located in Anderson, SC. Buyers will benefit from the ability to immediately push current rents to market levels, as already proven […]
New Offering: 94-Site Community in Rapidly Growing Lake Jackson-Freeport, TX | New MH Development
Click Here to View Offering Materials: The Preserve at Oyster Creek Capstone Manufactured Housing is pleased to present The Preserve at Oyster Creek. This offering features 94 sites in a recently developed community, situated along the gulf coast near Freeport, TX. The surrounding area is advantageously positioned in one of the country’s strongest industrial parks and reaps […]
Capstone Closes $37.6 Million Sale of Apartment Community in Columbia, SC Suburb
IRMO, SC—Capstone Apartment Partners has closed the $37.6 million sale of Ardmore Ballentine: a 315-unit garden-style apartment complex in the Columbia suburb of Irmo. The 20.43-acre property is nestled between Interstate 26 and Lake Murray—less than 17 miles from Downtown Columbia. Capstone represented the seller, Greensboro-based Ardmore Residential, and procured the buyer, Triangle Real Estate […]
New Offering: Retail Adjacent Development Site Zoned for ±188 Units | ±10 Acres in Nashville MSA
Click Here to view Offering Materials: Bell Hollow Development Site. Capstone Land Sales is pleased to present the Bell Hollow Development Site located in the explosive southeastern Nashville submarket. This development site is ideally located on the major east-west corridor connecting it to Interstate 24, jobs, entertainment, and amenities. Additionally, the subject site is proximate to high-profile projects […]
New Offering: High-End, Fully Tax-Abated Asset Located in Path of Progress | 79 Units in Columbus, OH
Click Here for Offering Materials: The Yardley Capstone Apartment Partners is pleased to present The Yardley, a rare and exciting opportunity to acquire a brand new 79-unit fully tax-abated asset in the heart of the thriving Downtown Columbus, OH rental market. The Yardley is comprised of 78 apartment units and 1 ground floor retail space, featuring a […]
Capstone Apartment Partners Closes $37.75 million Sale of Apartment Community in Burlington, North Carolina
CHARLOTTE, NC—Capstone Apartment Partners announces the $37.75 million sale of Retreat at the Park: a fully amenitized, 249-unit apartment community adjacent to Interstate 85 in the bustling suburb of Burlington—30 minutes west of Durham, North Carolina. Capstone sold the property on behalf of Greensboro-based Diamondback Investment Group (DIG), which built the property in 2015. Capstone […]
New Offering: Exceptionally Located 12.5-Acre Site in Cincinnati, OH | Fully Zoned for 246 Units
Click Here for Offering Materials: Skytop Redevelopment Site Capstone Land Sales is pleased to present the Skytop Redevelopment Site: a ±12.46-acre site in Cincinnati, Ohio’s highly desirable Anderson Township submarket with extensive road frontage along Beechmont Avenue (22,000+ VPD). Anderson Township is an affluent community with a great school district and is currently experiencing a need and […]
New Offering: Rare Bellevue/West Nashville Surface-Parked Development Site | Walkable to One Bellevue Place
Click Here for Offering Materials: The Bend at Bellevue Park Development Site Capstone Land Sales is pleased to present The Bend at Bellevue Park Development Site. With the picturesque Harpeth River stretching along the eastern border of this 43.87-acre site and a new 51-acre park and greenway immediately adjacent, prospective developers will see immense rental demand from […]
Capstone Partner, Kevan Enger, Guest on “Mobile Home Parks In Real Life” Podcast
Thanks to Ryan Narus, host of the Mobile Home Parks In Real Life (MHP_IRL) podcast, for inviting Capstone partner Kevan Enger on his show to discuss what it takes to make it in brokerage and how to develop fruitful relationships with brokers. Click Here to listen to the podcast.
Capstone Atlanta Launch Event Postponed
As the situation regarding COVID-19 continues to evolve in the US, Capstone has decided to postpone our upcoming event in Atlanta (originally scheduled 3/26 at Sweetwater Brewing) to ensure the safety and well-being of our clients, their loved ones, and our team. We appreciate the interest in this event and look forward to celebrating our […]
Capstone Land Sales Arranges $3.5 Million Sale of 33 Acres Along Nashville’s Bell Road Corridor
NASHVILLE, TN—Capstone Land Sales has closed the $3.5 million sale of a 33.31-acre multi-family development site in the rapidly expanding Nashville neighborhood of Cane Ridge—located on the border of Antioch and Brentwood. The site is ideally situated less than three miles from the new Tanger Outlets development in Century Farms, which was announced last spring. […]
2019 Florida Market Report from Capstone Apartment Partners
Capstone Apartment Partners is pleased to share our 2019 market report for the regions of North Florida, Gulf Coast, and Central Florida. The content of the report looks at each region’s employment trends, economic development, multi-family data, and key metrics that affect our market. We hope you find this report useful and insightful! Click Here […]
Capstone Apartment Partners Closes $9,260,000 Sale of Apartment Community near Newport New’s “New Downtown”
NEWPORT NEWS, VA— Capstone Apartment Partners facilitated the $9,260,000 sale of the Woodlands at Oyster Point: a 152-unit apartment community ideally located near Newport News’s thriving “New Downtown,” the City Center at Oyster Point. Capstone’s Ron Corrao sold the property on behalf of United Property Associates and procured the buyer, Allagash Opportunity Zone Partners. “The […]
Capstone Apartment Partners Arranges $8.1 Million Sale of Townhome Community near Tennessee-Kentucky Border
CLARKSVILLE, TN—Capstone Apartment Partners has brokered the $8,100,000 sale of Peacher’s Mill Court Townhomes: a 66-unit gated townhome community located in Clarksville, Tennessee—just 50 miles northwest of Nashville. Capstone represented the seller, All 50 Investments, LLC, and also procured the buyer, Cider Moon Investment Group. Constructed in 1995, Peacher’s Mill Court Townhomes is comprised entirely […]
Capstone Manufactured Housing Breaks into Pacific Northwest with $4.6 Million Closing in Spokane Valley
SPOKANE, WA—Capstone Manufactured Housing has closed the $4.6 million sale of University MHP: an all-ages manufactured housing community in Spokane Valley, Washington. The community consists of 106 sites on over 8 acres and is ideally positioned less than 8 miles from downtown Spokane. Capstone’s transaction team was led by Kevan Enger, who represented the seller, […]
Capstone Brokers $13.5 Million Sale of 200-Unit Apartment Community in South Carolina State Capital
COLUMBIA, SC—Capstone Apartment Partners has arranged the $13.5 million sale of Hunt Club Village: a 200-unit garden-style apartment community in northeast Columbia. The property is ideally situated within a short drive of the robust assortment of dining and retail along the Two Notch Road corridor. Capstone represented the seller, Southwood Realty, who is based in […]
Capstone Closes $62.5 Million Sale of Two Adjacent Class A Apartment Communities in NC Triad Region
GRAHAM, NC—Capstone Apartment Partners announces the $62.5 million sale of Watercourse and Waterside: two recently built, Class A garden-style apartment communities in Graham, North Carolina. Developed in two phases, the adjacent properties boast market-leading amenity packages and proximity to both I-40 and I-85. Capstone sold the properties on behalf of the North Carolina based co-Developers, […]
New Offering: New Construction Asset in Nashville | Opportunity Zone Lease-Up | MLS Stadium Adjacent
Click Here for Offering Materials: 83 Freight Capstone Apartment Partners is pleased to present 83 Freight , an 83-unit development situated in Nashville’s hottest development-filled and newsworthy neighborhood, Wedgewood-Houston. Amidst Music City’s current gentrification wave, prospective buyers are not only offered the opportunity to acquire a one-of-a-kind and eye-catching asset constructed primarily out of shipping […]
Capstone Closes $7.8 Million Sale of Multi-Family Community in Southeast Nashville Suburb
SMYRNA, TN—Capstone Apartment Partners has arranged the $7.8 million sale of Chalet Apartments: a garden-style apartment community in the growing Nashville suburb of Smyrna. The property is ideally located adjacent to the sprawling 48-acre Gregory Mill Park and within a mile of several restaurants and grocery stores. Additionally, Chalet Apartments is within a mile and […]
Capstone Arranges $10.4 Million Sale of Apartment Community near Charlotte’s Trendy Plaza Midwood Neighborhood
CHARLOTTE, NC—Capstone Apartment Partners has arranged the $10,400,000 sale of Woodland Park: a 128-unit apartment community located in Charlotte’s Windsor Park neighborhood. Capstone’s Ron Corrao represented the buyer, who plans to invest a substantial amount of capital to upgrade unit interiors, cure deferred maintenance, and bring down amenities back online. With other holdings in proximity, […]
New Offering: Infill Garden Development Site 2 Miles from Charlotte’s CBD | Opportunity Zone
Click Here for Offering Materials: North End Greenway Development Site Capstone Land Sales is pleased to present the North End Greenway Development Site, a ±19-acre garden multi-family site in the white-hot North End submarket of Charlotte’s urban core. The site sits at the interchange of Atando Avenue and I-77 and boasts +1,500 ft of frontage […]
Capstone Arranges $47.4 Million Sale of Apartment Community in Growing Nashville Suburb
NASHVILLE, TN—Capstone Apartment Partners has closed the $47.4 million sale of Reserve at Oakleigh: a 264-unit apartment community located in the growing Nashville suburb of Antioch. Capstone represented the seller, Herman & Kittle Properties, and procured the buyer, Cedar Grove Capital. The buyer was attracted to the property due to its desirable unit mix, oversized […]
Capstone & Berkadia Close $19.2 Million Sale of Apartment Community near Historic Downtown Savannah
SAVANNAH, GA—Capstone Apartment Partners and Berkadia have closed the $19.2 million sale of 2800 Capital Square: a 232-unit apartment community ideally located just minutes from Savannah’s popular and vibrant historic downtown area. Capstone procured the buyer: a company affiliated with New Jersey-based Friedlam Partners. Berkadia’s Atlanta team represented the seller, URS Capital, who previously completed […]
Q4 2019 Midwest Market Report from Capstone Apartment Partners
Capstone Apartment Partners is pleased to share our quarterly market report for the Midwest region: Cincinnati, Columbus, and Cleveland, OH; and Indianapolis, IN. The content of the report looks at each metro’s employment trends, economic development, multi-family data, and key metrics that affect our market. We hope that you find this report useful and insightful! […]
Kevan Enger, Capstone Partner, Published in MHInsider
Kevan Enger, Capstone firm partner and manufactured housing director, was recently published in MHInsider regarding the truth about off-market deals: Why Off-Market is Off-Point for Mobile Home Park Owners. “While the term ‘off-market’ has become a buzzword, the actual deals often end up being a bust for sellers, buyers, and the market. In this article, […]
Capstone Apartment Partners Arranges $7.25 Million Sale of Apartment Community in Piedmont Triad Region
GRAHAM, NC—Capstone Apartment Partners has brokered the $7.25 million sale of Crescent Oaks: an 80-unit garden-style apartment community located in Graham, NC. The property is within walking distance from retail and dining and just a one-minute drive away from I-85 and I-40 interchanges. Capstone sold the asset on behalf of 10 Federal Companies and procured […]
New Offering: 204-Site MH Portfolio in St. Louis, MO | Scaled Entry with Immediate Upside
Click Here to Download Offering Materials: St. Louis MHP Portfolio Capstone Manufactured Housing is pleased to present the St. Louis MHP Portfolio, comprised of 204 sites across two well-located communities: Eagle Creek and Cedar Hill. These communities are ideally situated within the St. Louis, MO MSA and provide immediate scaled entry into the surrounding market. […]
New Offering: Suburban Atlanta Development Equity Opportunity | Class A, Garden-Style Apartments
Click Here for Offering Materials: Columns at South Point Capstone Companies, on behalf of ECI Group, is pleased to present a joint venture equity opportunity to finance the development of Columns at South Point. Columns at South Point is a to-be-built, 260-unit, lifestyle multi-family community in the South Point neighborhood of McDonough in Henry County, […]
Capstone Apartment Partners Closes $15.4 Million Sale of Two-Property Portfolio in Winston-Salem
WINSTON-SALEM, NC—Capstone Apartment Partners has arranged the $15.4 million sale of a two-property, 229-unit portfolio located in Winston-Salem, NC. The off-market transaction presented a rare acquisition opportunity to improve on the longtime owner’s solid foundation while modernizing and refreshing both properties. The buyer was Lake Hill Investment Group of Greenwich, Connecticut. They plan to embark […]
4,500 SF Retail Space for Sale in Heart of East Nashville’s Five Points Neighborhood
Click Here to Download Offering Materials Capstone is pleased to present 1016 Woodland Street: a nearly 4,500 square foot prime restaurant or retail space located in the heart of the Five Points neighborhood of East Nashville, Tennessee. This versatile asset is well-positioned amid a massive development wave sweeping through East Nashville as the city continues […]
Multi-Family Brokerage Veterans Combine Forces to Open Capstone’s Atlanta Office
Capstone, based in Charlotte, NC, is pleased to announce the launch of the brokerage firm’s new regional office in Atlanta, GA. Capstone’s new Atlanta office is led by managing director, Sean Henry, and director, Dan McBurney. Henry has a long-standing track record of success across the Southeast in various markets among numerous institutional clients and […]
New Offering: 48-Unit Property with Townhome-Style Floor Plans | 70-Unit Development Site Included
Click Here for Offering Materials: Jackson Pointe Capstone Apartment Partners is pleased to present Jackson Pointe Apartments: a 48-unit, townhome-style community located in the popular Highland Springs neighborhood of Richmond, Virginia, which represents a rare opportunity to acquire a highly desirable townhome-style asset in ideal proximity to downtown Richmond. As a result of recent additional […]
New Offering: Shovel-Ready, ±9.81 Acre Apartment Development Site in Amenity Rich Area of Greensboro, NC
Click Here for Offering Materials: Terraces at Bridford Capstone Land Sales is pleased to present Terraces at Bridford: a multi-family development site adjacent to the amenity rich Bridford Parkway submarket of west Greensboro off of Interstate 73 and Wendover Avenue. Zoned for up to 176 3 or 4 story units, significant due diligence work has […]
New Offering: 175 Units in Newport News, VA with Large, Townhome-Style Floorplans and Proven Value-Add Opportunity
Click Here for Offering Materials: Hickory Point Townhomes Capstone Apartments Partners is pleased to present Hickory Point Townhomes: a 175-unit, townhome-style community located in Newport News, Virginia. Hickory Point offers an extremely well-maintained asset that benefits from significant recent capex and an in-place value-add program. As a testament to current ownership, the property has maintained […]
Stash Geleszinski, CCIM of Capstone Apartment Partners Invited to Join Cincinnati Business Courier Leadership Trust
CINCINNATI, OH—Stash Geleszinski, CCIM, Managing Director of Capstone Apartment Partners, has been invited to join Cincinnati Business Courier Leadership Trust, an exclusive community for influential business leaders, executives and entrepreneurs in Greater Cincinnati. Stash was chosen for membership by the Cincinnati Business Courier Leadership Trust Selection Committee due to his experience, leadership and influence in […]
Capstone Land Sales Closes Sale of 14.44-Acre Multi-Family Land Site in Nashville’s Bellevue Neighborhood
NASHVILLE, TN—Capstone Land Sales brokered the sale of a 14.44-acre multi-family land site in the Bellevue neighborhood of Nashville. Capstone’s Adam Klenk represented the seller, Hardy Ross of Westside Ventures, in the transaction. Front Street Partners paid $5.3 million for the site. Located at 7116 Charlotte Pike, the site boasts proximity to Class A retail […]
New Offering: Strong Value-Add Asset Located in Medical District of Paducah, KY
Click Here for Offering Materials: Fernwood Apartment Homes Capstone Apartment Partners is pleased to present Fernwood Apartment Homes: a 126-unit multi-family asset constructed in 1950 in Paducah, Kentucky. The property is located near Interstate 24; within one mile of Mercy Health Hospital and Baptist Health Hospital; and proximate to the city’s resurgent downtown riverfront district. […]
New Offering: 202-Site, Value-Add Community on 105± Acres in Michigan
Click Here for Offering Materials: River Springs Estates Capstone Manufactured Housing is pleased to present River Springs Estates. Located in Berrien Springs, Michigan, this manufactured housing community features 202 sites across 100+ acres. This investment presents the opportunity to dramatically increase Gross Potential Lot Rent due to the ability to add numerous sites to the […]
Capstone Arranges $7.2 Million Sale of 268-Bed Student Housing Community in Murray, KY
MURRAY, KY—Capstone Apartment Partners has closed the $7.2 million sale of Station 74: a 74-unit, 268-bed apartment community located on the northern edge of Murray State University. Trading at $97,500 per unit and $27,000 per bed, this transaction established the record for highest price per unit sold in the city of Murray. Capstone sold Station […]
New Offering: Development Opportunity in Nashville, Tennessee | Zoned and Entitled for 375 Units
Click Here for Offering Materials: W Trinity Skyline Development Site Capstone Land Sales is pleased to present the West Trinity Skyline Development Site, located just north of Metro Center and downtown Nashville, Tennessee along the West Trinity Lane corridor. Current ownership has completed the rezoning process necessary to allow the construction of 375 units on […]
Capstone Closes $48 Million Sale of 255-Unit Apartment Community in Charlotte’s University Submarket
CHARLOTTE, NC—Capstone Apartment Partners has closed the $48 million sale of Willows at the University: a brand new, 255-unit garden-style apartment community in Charlotte’s explosive University submarket. The property is ideally located just minutes from highly desirable amenities such as Concord Mills shopping mall, PNC Music Pavilion, and UNC Charlotte. Capstone sold the property on […]
Capstone Brokers Sale of 248-unit Development Site at Westgate Community in Wilmington Suburb
LELAND, NC— Capstone has closed the off-market sale of a nearly 16-acre multi-family development site within the Westgate community of Leland. Located within the flourishing Wilmington suburb, the site will soon be home to Waterleaf at Leland, the area’s newest luxury apartment community. Capstone sold the property on behalf of the Westgate development team and […]
New Offering: 66-Unit Gated Townhome Community in Nashville MSA
Click Here for Offering Materials: Peacher’s Mill Court Townhomes Capstone Apartment Partners is pleased to present Peacher’s Mill Court Townhomes, an apartment community located in growing Clarksville, Tennessee. The 66-unit complex offers prospective owners a proven value-add opportunity, as 19 units have been fully renovated and are capturing rent premiums of $375. The property can […]
Capstone Closes $16.9 Million Sale of 299-Unit Apartment Community in Greensboro, NC
Capstone Apartment Partners has closed the $16.9 million sale of Brannon Park: a 299-unit garden-style apartment community in the Northeast Greensboro submarket, situated within one mile of two grocery stores, several restaurants, and retail outlets. The tree-lined property sits on nearly 24 acres, with 13 three-story apartment buildings nestled around a small lake.
Capstone Arranges $77.5 Million Sale of 6-Property Apartment Portfolio in Charlotte, NC
Capstone Apartment Partners has arranged the $77.5 million sale of a six-property, 895-unit portfolio located in Charlotte, NC. The off-market transaction represents the largest portfolio sale of 2019 for the Charlotte market and presented a rare acquisition opportunity by its longtime local owner, whose 30+ year ownership of the portfolio created a highly desirable environment for its residents and families.
Capstone Manufactured Housing Arranges $23 Million Sale of 5-Park Portfolio in Charlotte, NC
Capstone Manufactured Housing has recently closed the $23 million sale of the Charlotte Portfolio: a five-property mobile home portfolio located in the greater Charlotte area. The portfolio consists of a total of 519 developed mobile home sites and 30 efficiency apartments each within 30 minutes of Charlotte CBD.
New Offering: 87-Site MH Portfolio in Houston, TX
Click Here for Offering Materials: Southeast Houston MH Portfolio Capstone Manufactured Housing is pleased to present the Southeast Houston Portfolio, comprised of 87 sites across two stabilized mobile home communities—Buena Vista Estates and Aljoy Mobile Home Park. These communities are well-located within the Houston MSA and reap the benefits of the thriving Houston workforce. The […]
Capstone Arranges $7.2 million sale of Apartment Community in Nashville Suburb
Capstone Apartment Partners has closed the $7.2 million sale of Creekside at Deer Crossings: a 40-unit garden-style apartment community in the growing suburb of White House, just 25 miles from downtown Nashville. The property presents a unique opportunity to develop a phase II due to the adjacent ±3.6-acre lot, which is zoned, entitled, and permit ready for an additional 48 units.
Capstone Apartment Partners Closes $3,850,000 Multi-Family Sale in Oak Ridge, TN
Capstone Apartment Partners has brokered the $3,850,000 sale of Oak Ridge Lodging: a multi-family community located in the town of Oak Ridge, Tennessee—just 30 miles west of Knoxville.
Capstone sold the property on behalf of the seller, Defalco Real Estate. The property is currently operated as an extended-stay hotel.
Capstone Closes Sale of 304-Unit Apartment Community in Columbia, SC
Capstone has brokered the sale of Hunter’s Way: a 304-unit garden-style apartment community in Columbia, South Carolina, located just outside of Fort Jackson. The property falls within close proximity to Interstate 77, Class A retail, and dining in the Forest Drive corridor.
Capstone sold the 14.4-acre property located at 325 Percival Road on behalf of Rivercity Ventures and procured the buyer, GLP Investments. Ron Corrao, Alex McDermott, Austin Green, and Brian Ford represented the seller in the transaction.
Capstone’s Cincinnati Brokerage Team Continues to Grow
Capstone is pleased to welcome Corey Mason, a new Investment Sales Advisor and University of Cincinnati alum, to its Cincinnati brokerage team.
Corey specializes in multi-housing brokerage throughout the tri-state area of Ohio, Indiana, and Kentucky. He joins Capstone after working as a broker for two years at Colliers International where he was a Top 5 Producer and created deal flow from institutional investors and private owners throughout the tri-state area.
Capstone Closes $4 Million Sale of Townhome Community in Clarksville, TN
Capstone Apartment Partners has brokered the $4 million sale of Thistlewood Townhomes: a 32-unit townhome community located in the rapidly growing city of Clarksville, TN. The property is situated adjacent to Purple Heart Parkway and boasts proximity to Class A retail and dining on Fort Campbell Blvd.
Capstone Closes Sale of 30-Unit Apartment Community in Uptown Charlotte’s Fourth Ward
Capstone Apartment Partners has brokered the $4.1 million sale of Uptown Court: a 30-unit, garden-style apartment community in the fourth ward of Uptown Charlotte.
Capstone sold the property on behalf of the seller and procured the buyer, DXE Properties. The Capstone Apartment Partners transaction team was led by Alex McDermott and Ron Corrao.
Capstone Manufactured Housing Brokers Sale of 319-Site Asset in San Antonio, TX
Capstone Manufactured Housing has closed the sale of Crescent Place: a large, amenity-rich manufactured housing community for an undisclosed price. The gated community consists of 319 sites on over 60 acres and is ideally located less than 10 miles from downtown San Antonio.
286-Unit High-Rise Apartment Community For Sale in Downtown Louisville, KY
Capstone Apartment Partners is pleased to present 800 Tower City Club Apartments: an exceptionally located, 286-unit high-rise for sale in the heart of downtown Louisville, Kentucky. This trophy asset is well-positioned amid a massive development wave sweeping through downtown Louisville and the riverfronts as Louisville continues its strong growth and revitalization of the urban core.
Capstone Apartment Partners Brokers $28.8 Million Sale of Boston-Area High-Rise
Capstone Apartment Partners has brokered the $28.8 million sale of SkyMark Tower: a 206-unit high-rise apartment building in Worcester, MA. Soaring 24 stories above downtown and offering dramatic city views, SkyMark Tower is the only luxury high-rise property in the market, setting it apart from any other residential rental community.
Capstone Closes $9,941,000 Sale in Greensboro, NC
Capstone Apartment Partners has brokered the $9,941,000 sale of Chapel Walk: a 128-unit apartment community in north Greensboro. The garden-style community is comprised of 16 two-story buildings, situated just a mile from desirable grocery and dining.
Capstone Apartment Partners closes $13,250,000 sale in Greensboro, NC
Capstone Apartment Partners has closed the $13,250,000 sale of The Lodge at Lakeshore: a 132-unit garden-style apartment community in southwest Greensboro, ideally located within two miles of several restaurants and retail outlets. The picturesque community consists of 10 three-story buildings situated around a fishing pond, with walking trails through a well-manicured landscape with mature trees.
Meet Us at the SECO Conference
Schedule a meeting today for the SECO conference with our Capstone MH team by emailing info@capstonemh.com.
Capstone Closes Sale of Workforce Housing Development Site in Charlotte, North Carolina
Capstone announces it has closed the sale of The Hub on Harris: a fully entitled 288-unit workforce housing development site in southeast Charlotte. Capstone sold the 28-acre property located at 7705 E. W.T. Harris Boulevard for an undisclosed price. The site was formerly known as Charlotte Aircraft Corporation and has an aviation history that dates to the 1940’s.
Capstone Apartment Partners closes sale of 292-unit apartment community in Durham, NC
Capstone Apartment Partners has closed the sale of Phillips Research Park: a 292-unit garden-style apartment community in the desirable Research Triangle Park submarket of Durham, North Carolina. The community is situated less than three miles from Research Triangle Park and a little over five miles from trendy downtown Durham. The tree-lined property sits on over 42 acres, with 12 three-story apartment buildings.
Capstone Offering
Capstone Land Sales is pleased to present the exclusive listing of the Brookhaven Villas Development Site: a 9.83-acre multi-family development opportunity located within the red-hot Murfreesboro market and walkable to restaurants and retail.
Capstone Manufactured Housing Closes Sale in Asheville, NC MSA
Capstone MH has brokered the sale of Forrest Hills to Affordable Communities Group: a sprawling, 30-acre manufactured housing community in scenic Western North Carolina. The community currently has 89 sites and is ideally located just 12 miles from Asheville.
Capstone Apartment Partners Closes $62.7 Million Sale in Charlotte
Capstone Apartment Partners announces it has closed the $62.7 million sale of Garrison Park: a 322-unit apartment community with a full amenity package immediately adjacent to the I-485 loop near Concord Mills in northeast Charlotte, North Carolina.
Capstone Apartment Partners Closes $51.1 Million Sale
Capstone Apartment Partners recently closed the $51.1 million sale of Paxton Point Hope, a 274-unit apartment community with full amenities in the Point Hope Commons mixed-use development in Charleston, South Carolina.
Capstone Brokers Opportunity Zone Development Site in Charlotte, North Carolina
CHARLOTTE, NC Vision Ventures announced it has completed the sale of an approximately 12-acre, fully entitled, multi-family development site located within an Opportunity Zone in Charlotte, North Carolina. The site is located less than one mile from the city’s Central Business District at W 26th Street and Catalina Avenue. Capstone Land Sales brokered the transaction […]
Brokered by Capstone: Terwilliger Pappas Closes Apartment Development Site in Charlotte, North Carolina
Terwilliger Pappas announced that it has closed on the sale of an approximately eight-acre, fully entitled, multi-family development site in Charlotte, North Carolina. Capstone Land Sales brokered the transaction on behalf of the seller and the site’s master developer, Atlanta-based Pope & Land Real Estate.
Capstone Manufactured Housing: Recent Closing in FL
Contact info@capstonemh.com for more details!
Ways to Maximize Your Value–Kevan Enger, Capstone Firm Partner, as Published in MHInsider
Kevan Enger, Capstone firm partner and manufactured housing director, was recently published in MHInsider regarding the demand for mobile home park communities.
Capstone AP Brokers $32.25 Million Closing in Fort Wayne, IN
Capstone Apartment Partners recently completed the sale of Three Rivers Apartments: a 371-unit mid-rise apartment community located in downtown Fort Wayne, Indiana. New York-based real estate investment firm, Besyata, purchased the property from VTT Management for $28,875,000, in a transaction that closed January 31, 2018.
Capstone Apartment Partners: Recent Carolinas Team Closings
Capstone is pleased to announce the recent closings of five properties in the Carolinas that total more than $42 million.
Capstone Brokers Sale in Cincinnati, OH
Capstone Apartment Partners is pleased to announce the sale of Pinnacle on Pleasant. You can read more of those details here: https://www.multihousingnews.com/post/urs-capital-sells-cincinnati-area-community/.
Capstone is Hiring
Capstone is hiring a market researcher in our Maitland, FL office. Job Description Capstone is a commercial real estate investment firm with an exclusive focus on the multi-family sector. The Market Researcher position with Capstone will utilize various databases to research property/owner information and update and enter those details into our CRM/Excel spreadsheets. Responsibilities include collecting […]
Kevan Enger, Capstone Partner, Published in MHInsider
Kevan Enger was recently published in MHInsider to discuss the 3 Things to Consider to Maximize Your Return & Peace of Mind When You’re Ready to Sell Your Community.
Capstone Offering in GA: Special Servicer Directed Sale
Chattanooga, TN—Capstone Apartment Partners recently brokered the sale of The Clemons Lofts: a fully renovated and repurposed historic, mid-rise building in the heart of downtown Chattanooga, TN.
288-Bed Student Housing Asset Now Available
Capstone Apartment Partners is pleased to present Valley Falls: a newly constructed, 288-bed, 72-unit student housing community serving the University of South Carolina Upstate (USC Upstate) and its 6,000± students.
252-Bed Student Housing Offering
Capstone Apartment Partners is pleased to present East Main Quarters, a 252-bed, 63-unit, campus-adjacent, ultra-suite style student housing asset located in Murfreesboro, Tennessee.
New Cardinal Property Available in Columbus, OH
Capstone Apartment Partners is pleased to present Zimmer Park: a 100% occupied 144-unit Cardinal property in Columbus, OH.
High Density West Charlotte, NC Development Site Now Available
Capstone Land Sales is pleased to present the Alleghany Street Development Site: a ±12.714-acre land site located less than three miles west of Uptown Charlotte’s Central Business District.
New Offering with Significant Operational Upside in Cincinnati, OH
Capstone Apartment Partners is pleased to present Declan Square Apartments: a 99-unit apartment community in the centrally located Mt. Airy neighborhood of Cincinnati, Ohio.
Property with Immediate Cash Flow Opportunities Available in Cincinnati, OH
Capstone Apartment Partners is pleased to present Anna Marie Apartments, a 79-unit apartment community located in Lockland, a central suburb of Cincinnati, Ohio.
New Offering Ideally Located in Cincinnati, OH
Capstone Apartment Partners is pleased to present Royal Sentry Apartments, an 84-unit apartment community centrally located in the Westwood neighborhood of Cincinnati, Ohio.
New Offering: Stabilized MH & RV Park in Savannah, GA MSA
Capstone Manufactured Housing is pleased to present Whispering Pines Campground & RV Park, which is located in Rincon, GA—less than 25 minutes from downtown Savannah.
Capstone Brokers $10M Trade
Chattanooga, TN—Capstone Apartment Partners recently brokered the sale of The Clemons Lofts: a fully renovated and repurposed historic, mid-rise building in the heart of downtown Chattanooga, TN.
New Listing: Value-Add Opportunity Ideally Located in the State Capital of FL
Capstone Apartment Partners is pleased to present Ridgewood Apartment Homes: a 105-unit multi-family asset located near the heart of Tallahassee, FL.
Rare Value-Add Opportunity in Upscale Charlotte Submarket
Capstone Apartment Partners is pleased to offer the opportunity to acquire 3400 Selwyn: a 129-unit garden-style apartment community located in the SouthPark/Myers Park submarket—one of the most affluent areas in Charlotte.
New Offering: ±100-Lot Zoned SFR Development Site in Fast-Growing Huntersville, NC
Capstone Land Sales is pleased to present the exclusive listing of the fully-zoned Bostic Farms Development Site: 50± acres in Huntersville, North Carolina.
Capstone Ranked Highly in New Report by RCA
Real Capital Analytics’ annual report for 2017 was recently released and Capstone ranked highly among nation’s brokerage firms.
Now Available: Pristine Florida Panhandle RV Community
Capstone Manufactured Housing is pleased to present Sunset King Lake RV Resort: a 212-site RV park located in DeFuniak Springs, Florida.
New Offering 3 Blocks to Lower Broadway in Downtown Nashville, TN
Capstone is pleased to present the Printers Alley Redevelopment Project: a historic four-story midrise building located in the central business district of downtown Nashville.
Large Scale Re-Position Opportunity in Greenville, SC
The Residences at Haywood is a high visibility redevelopment and reposition opportunity located just minutes outside Downtown Greenville, South Carolina.
New Value-Add Portfolio for Sale
Capstone Apartment Partners is pleased to present The Charlotte MSA Portfolio, comprised of Wallace Terrace Apartments (32 units), Timberstone Commons (67 units), and Kensington Townhomes (48 units).
Capstone Closing: 204 Units in Winston-Salem, NC
Capstone recently brokered the sale of Twin City Townhomes in Winston-Salem, NC.
298 Lots Available in Fayetteville, NC
Capstone is proud to present Taylors Creek Mobile Home Park: an elite, gated 298-site community located just minutes from downtown Fayetteville, NC.
Capstone MH: 2 Exciting Offerings in AL
Capstone Manufactured Housing is pleased to offer two mobile home parks in Alabama: Avalon Park and Highridge.
Capstone AP Brokers Nearly $8M Sale in Tallahassee
TALLAHASSEE, FL—Capstone Apartment Partners recently brokered the sale of Cypress Gardens Apartments, now known as The Abby at 2700. This 157-unit apartment community in Tallahassee, FL was sold to a Boston-based buyer for $7,775,000, or $49,522 per unit.
76-Unit Charleston Property Now Available
Capstone Apartment Partners is pleased to present the exclusive listing of Northlake Townhomes: an exceptionally well-positioned 76-unit townhome apartment community located in North Charleston, SC.
$16.35M Sale in Spartanburg, SC
SPARTANBURG, SC—Capstone Apartment Partners recently brokered the sale of Southern Pines Apartments: a well performing, garden-style apartment community located in Spartanburg, SC.
Capstone AP Brokers Trade in Clearwater, FL
CLEARWATER, FL—Capstone Apartment Partners recently brokered the sale of Laurel Park Apartments: a 32-unit, villa-style property located in Clearwater, FL. The property was purchased by a locally based investment group for $2,350,000, or $73,437 per unit.
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.
Capstone Closes $35.9M Deal in NC
CARY, NC—Venterra Realty has purchased Chatham Pointe: an asset offering 255 units and 9,340 square feet of retail space. This mixed-use multi-family community was built in 2011 and 2015. The apartments are exceptionally located near retail, recreational outlets, and major employment nodes, including the Research Triangle Park. Phillips Development & Realty sold the property for $35,900,000, or $140,784 per unit.
NEW OFFERING: Nebraska MH Portfolio
The Nebraska portfolio consists of two properties: Broken Bow Estates and Sunrise Village. These parks are approximately 4 hours apart—Broken Bow is in central Nebraska while Scottsbluff is adjacent to the Wyoming border in western Nebraska.
NEW OFFERING: Hunters Pointe in Charlotte, NC | 386 Units | Numerous Value Enhancement Strategies
Capstone Apartment Partners is pleased to present the exclusive listing of Hunters Pointe: a 386-unit, 1970’s vintage asset with substantial physical value-add upside, which is located in the highly desirable Charlotte, North Carolina MSA.
NEW OFFERING: 42 Units in Cincinnati, OH
Capstone Apartment Partners is pleased to present the Garden Lane Apartments: a 42-unit stabilized asset with value-add upside in the Bond Hill/Roselawn submarket of Cincinnati, OH.
Full Reposition Opportunity in “A” Greenville, SC Location
The Residences at Haywood is a high visibility redevelopment and reposition opportunity located just minutes outside Downtown Greenville, SC.
Capstone Offering in Uptown Charlotte
Capstone is proud to present Cedar Flats: a luxurious Uptown Charlotte asset located steps away from public transit and the heart of the CBD.
New Capstone Offering in Downtown Chattanooga, TN
Capstone Apartment Partners is proud to present The Clemons Lofts: a fully renovated and repurposed historic mid-rise multi-family building in the heart of downtown Chattanooga, Tennessee.
New 820-Unit Offering in Columbus, OH
Havenwood Townhomes has undergone a $20M+ full-scale, community-wide renovation; thereby making the prospect of owning this prestigious and value-rich community arguably the most desirable and exciting rental opportunity of 2017 in this region.
97-Site MHP Listing in Cocoa, FL
Capstone Manufactured Housing is pleased to present a 97-site mobile home park in Cocoa, FL: part of the “Space Coast” MSA.
New Capstone Offerings in Cincinnati MSA
Capstone is proud to offer two assets totaling more than 100 units in the Cincinnati, OH MSA.
Capstone Offering: 538-Unit Value-Add Portfolio
The institutionally owned and operated Southeast Memphis Value-Add Portfolio is a 538-unit, four-property multi-family portfolio located in Memphis, TN. The assets are available for individual purchase or as a portfolio—including the possibility of some creative financing available for qualified investors.
Capstone Brokers $2.64M Trade of Cliftwood Mobile Home and RV Park
Kevan Enger and Deucie Bies of Capstone Manufactured Housing represented the seller of Cliftwood Mobile Home and RV Park. A private investor sold the 104-lot asset to Summit Communities for $2.64 million, or $25,385 per lot, on December 9, 2015.
Capstone Apartment Partners Brokers Sale in Charlotte, NC
Austin Green and Alex McDermott of Capstone Apartment Partners recently brokered the sale of Wendover Gardens Apartments: a 102-unit garden-style apartment community in Charlotte, NC.
Capstone MH Brokers $2M Sale in TN
Tread Property Services, LLC recently purchased Greeneleigh Village: a 108-unit mobile home community located in Midway, TN.
Now Touring Asset with 7.35%+ Cap on In-Place Income with Upside Opportunities
Capstone Apartment Partners is pleased to present Highland Apartments: a highly performing turn-key asset built over six phases with substantial value-add upside immediately available to new ownership.
Currently Touring Value-Add Opportunity in Durham, NC
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.
Support Our Vets
Capstone’s close friend, George Chmiel, is running across America to support our greatest heroes: our veterans. Our nonprofit division, Capstone Cares, is going to donate all funds received between now and October 12 to Guardian for Heroes, which is a foundation created in honor of Chris Kyle.
Capstone Opens Cincinnati Office to Expand Coverage Across Midwest
Capstone Apartment Partners is pleased to announce the company is expanding its brokerage operation with the firm’s newest regional office in Cincinnati, OH.
Capstone Offering: New Construction, High LTV Loan Assumption with Significant Built-In Upside
Capstone Apartment Partners is pleased to present Stone Gables: a 192-unit, Class “A” multi-family community in the most highly coveted submarket of the Fayetteville MSA.
New Offering in New Bern, NC Primed for Value-Add Investor
Copperfield Apartments represents a rare opportunity to acquire an impeccably maintained community with abundant value-add opportunities near the most desirable economic drivers in the market.
New Offering in Charlotte, NC MSA with Immediate Upside
Capstone Apartment Partners is pleased to present Gateway at Rock Hill: a newly constructed, 312-unit luxury multi-family community located in the burgeoning Rock Hill submarket of South Charlotte.
Capstone MH Brokers Assets Totaling More Than $10 Million
Capstone Manufactured Housing brokered the sale of three mobile home communities in FL that totaled more than $10M last month. Kevan Enger of Capstone Manufactured Housing’s Orlando office represented both the buyer and seller in these transactions.
New Capstone Offering: 201-Unit, Value-Add Opportunity in Durham, NC
New Capstone Offering: 201-Unit, Value-Add Opportunity in Durham, NC
Capstone Offering: Florida Portfolio with In-Place Double Digit Cash-on-Cash Returns
Capstone Apartment Partners is pleased to present the Capital Properties Townhome Portfolio in Tallahassee, Florida. The portfolio represents the opportunity to acquire a well-located, newer construction offering with in-place cash flows and upside opportunity through development of the remaining lots.
New Offering: Sherwood Lake Apartments
Capstone Apartment Partners and Bradley Company are pleased to present Sherwood Lake, a rare opportunity to attain a critical mass of 576 units in the Northwest Indiana submarket of the Chicago MSA.
New Class A Offering in Cary, NC
Capstone Apartment Partners is pleased to present Chatham Pointe and Chatham Lofts—a true Class A institutional quality asset with unrivaled construction quality and substantial operational upside immediately available. Located in the high barrier-to-entry Town of Cary, North Carolina, Chatham Pointe (Ph. I) and Chatham Lofts (Ph. II) are exceptionally located with easy access to the Raleigh-Durham MSA’s main employment nodes, retail, and recreational outlets, including Research Triangle Park, several primary medical installations, Cary Towne Center, Crossroads Plaza, Downtown Raleigh, Durham and Chapel Hill.
Recent Florida Capstone Closings Totaling $6 Million
Capstone’s Florida offices have successfully brokered the sale of Windy Pines Apartments, River Villas Mobile Home Park, and the Colony Park Mobile Home Community for more than $6M.
Offers Due 6/1: Green Tree Apartments
Capstone Apartment Partners is pleased to present Green Tree Apartments, a well-located, 1970’s vintage asset with immediate value-add potential in the Kings Mountain submarket of the Charlotte MSA. Green Tree represents a rare opportunity to acquire an ideally positioned asset with significant physical and operational value-add potential that offers an ideal mix of large floorplans in an area experiencing unprecedented levels of growth and economic investment.
Capstone Offering: All-Ages MHP Portfolio
Capstone Manufactured Housing is pleased to present the Shady Oaks and Countryside MHP Portfolio, which consists of two communities with a combined site count of 108. Both communities are located in Hinesville, GA, which is a short 45-minute drive to Savannah, GA.
New Capstone MH Offering: Rental Upside and Potential for Future Redevelopment
Capstone Manufactured Housing is pleased to present Carter’s Mobile Home Park: a 67-lot mobile home community, conveniently located in Grove City, Ohio just 10 minutes from downtown Columbus.
Condo Grade Mill Conversion Offering in Charlotte, NC with 10%+ Cash-on-Cash Yields
Capstone Apartment Partners is pleased to present Hoskins Mill, a renovated and restored historic mill that was brought back to life with unrivaled attention to detail in excellent proximity to Uptown Charlotte.
Capstone AP Brokers $2.4M Asset in NC Triad
Capstone Apartment Partners has successfully brokered the sale of Northwood Apartments in Mocksville, NC for the second time in two years. RP2 Properties sold the property to a private investor for $2,425,000 million, or $28,869 per unit.
Capstone Offering: Big Cedar MHP in Brookville, IN
Capstone Manufactured Housing is pleased to present Big Cedar Mobile Home Park, a 47-lot mobile home community located in Brookville, IN.
Capstone Offering: Eastern Tennessee MHP with Immediate Rental Upside
Capstone Manufactured Housing presents the opportunity to acquire a 108-lot mobile home community located in Midway, TN that offers immediate rental upside.
Capstone Apartment Partners Closes $5M+ Trade in VA
RICHMOND, VA — Brian Ford and Ron Corrao of Capstone Apartment Partners, in conjunction with Todd Weinstein of Real Property Management, recently brokered the sale of Dutch Village Townhomes in Richmond, VA.
Capstone Manufactured Housing Closes $3.3M Sale in FL
OKEECHOBEE, FL — Kevan Enger and Deucie Bies from Capstone Manufactured Housing have brokered the sale of Zachary Taylor RV Park for $3,300,000.
Capstone Offering: Tampa Bay All-Ages Waterfront MHP
Capstone Manufactured Housing is offering an all-ages waterfront mobile home community in the Tampa Bay, FL MSA. This offering presents an opportunity to acquire a 124-unit Mobile Home Community with immediate rental upside.
Capstone Offering: Jacksonville, FL Property with 8.90%+ Year 1 Cap Rate
Capstone Apartment Partners is currently offering property tours for Windy Pines Apartments, an ideally positioned 40-unit investment opportunity located in Jacksonville, FL. The garden-style community was built in 1990, and has a desirable unit mix consisting of one, two, and three bedroom units.
Capstone and SVN Broker Three Properties for $42.5M+
Capstone Apartment Partners, in conjunction with the ‘Sell with Stash’ Sperry Van Ness team out of Cincinnati, OH, recently brokered the sale of three properties located in Kentucky and Ohio, which totaled more than $42.5 million.
Capstone Offering: The Flats at UNC Student Housing Development Site
Capstone Land Sales is pleased to present the Flats at UNC: a student housing development opportunity located along Martin Luther King Jr. Boulevard, one of UNC-Chapel Hill’s most visible major transit corridors.
Capstone Offering: Governor’s Square | 168 Units in Tallahassee, FL
Capstone Apartment Partners is pleased to present Governor’s Square, a high performing 1970’s vintage asset with immediate value-add potential in Tallahassee, Florida.
Capstone Offering: 55+ Community Central East Coast – Florida
Capstone Manufactured Housing is pleased to present a 55+ MH community along Florida’s Central East Coast. This offering presents an opportunity to acquire a 79-unit stabilized MH/RV/Motel property with immediate value-add upside.
Capstone Manufactured Housing Brokers $7.375 Million Sale
Kevan Enger and Deucie Bies of Capstone Manufactured Housing represented the seller of Rose Bay RV Resort. Equity Lifestyle bought the asset from Leasco Management Company, Ltd. for or $24,101 per lot.
Capstone Land Sales Closes Site in Fort Mill, SC
FORT MILL, S.C. — Capstone Land Sales is pleased to announce the closing of the Village at Fort Mill Development Site. Easlan Capital sold the property to Evolve on January 20, 2016. Brian Ford and Beau McIntosh brokered the transaction.
Capstone Land Sales Arranges Trade in Sought After Charlotte, NC MSA
Capstone Land Sales arranged the trade of the West Morehead multi-family development site on January 6, 2016. SAG – 49, LLC sold the property to ArchCo Development. Beau McIntosh, Austin Green, and Brian Ford of Capstone Apartment Partners brokered the transaction.
Capstone Arranges $8.4 Million Sale in Florida
SANFORD, FL — Jad Richa, Brian Hunsicker, and Deucie Bies of Capstone Apartment Partners brokered the sale of Aqua Links apartments on January 4, 2016. With an occupancy rate of 99% at the time of sale, the asset was purchased by a private group based in South Florida for $8.4 million, or $60,000 per unit.
Capstone Apartment Partners Brokers $8.4 Million Trade
Federal Housing Solutions has purchased the 192-unit Hardee Terrace apartments for $8.4 million. Built in 1967 and extensively renovated in 2014, the property was approximately 92% occupied at the time of sale. Andrew Klenk and John Ackiss of Capstone Apartment Partners represented the seller in the transaction.
Capstone Offering: 162 Combined Units in Richmond, VA MSA
Capstone Apartment Partners, is pleased to present two ideally positioned, stabilized assets: Jackson Pointe and Dutch Village. These properties possess significant physical and operational value-add potential that is in demand in today’s multi-family market.
Capstone Offering: Fully Entitled Development Opportunity near Rapidly Expanding Port Canaveral
Capstone Apartment Partners is pleased to present the opportunity to acquire a 150+/- acre site with full entitlements and site plan approvals to develop a 248-unit, multi-family community in the City of Cocoa, which is located within Brevard County, FL. The site is within 9 miles of Port Canaveral and many renowned beaches along the East Coast of Florida. The Preserve at Cocoa offers a timeless location, first-class visibility, and excellent accessibility off of FL-528 on State Road 524.
Capstone Offering: Recently Renovated 145-Lot Mobile Home Park
Capstone Manufactured Housing is pleased to present Ashwood Village Mobile Home Park, which is located in Hopkinsville, KY. Built in 1974 and renovated in 2008, this offering presents a rare opportunity to acquire a 145-pad stabilized mobile home park with value-add upside. The property includes 142 rental homes with the following breakdown: 103 single-wides (built in 2008 or newer), 29 (fully renovated), and 10 (requiring improvements).
Capstone Offering: East Coast Florida Mobile Home Park
Capstone Manufactured Housing is pleased to present a 134-lot mobile home community located in Merritt Island, FL. The property consists of 134 mobile home lots with 97 of those occupied, and 72 park-owned mobile homes with 32 of those occupied. The property is comprised of three non-contiguous parcels containing a total of 31.15 acres of land. The main mobile home park is located on 27.27 acres. The two additional parcels contain 1.84 and 2.07 acres, respectively, and are located to the southwest and used for the WWTP for the subject and neighboring properties.
Capstone Brokers $5.2M Site in Mixed-Use Community
CHARLOTTE, NC — Capstone has arranged the sale of a multi-family development site located in the Charlotte, NC MSA. Antiquity, LLC sold the site for $5.2 million, or $16,250 per lot, to SAG/LIV Development.
Capstone Offering: Manufactured Housing Community in Tampa, FL
Capstone Manufactured Housing is pleased to present Marty’s Circle Mobile Home and RV Park, which is located in the Tampa, FL MSA. The property is approximately 4.7 acres and consists of 31 lots, with a mix of 13 mobile homes and 18 lot rentals. Additionally, there are two large, income producing commercial lots with frontage on Nebraska Avenue. Currently, there are 11 vacant lots, which presents an opportunity for new ownership to immediately increase revenue.
Be a Part of Capstone’s Growth and Success Today
Capstone’s growth has generated the need for two new positions, one in Charlotte, NC and one in Orlando, FL.
Capstone Offering: ±285-Unit Infill Development Opportunity
The Lake Maggiore development site presents an excellent opportunity to develop Class A product in one of the fastest growing and most underserved suburban markets in the Tampa Bay MSA. Lake Maggiore offers a terrific location with street frontage on two of the main thoroughfares, 6th Street and 9th Street, providing easy access to bustling Downtown St. Petersburg. In addition to its high visibility location, the Lake Maggiore development site is directly accessible to critical supporting infrastructure including 275.
Offers Due in 6 Days
Northwood Apartments offers buyers a highly performing, mid-80’s vintage, turn-key asset nestled between the Winston-Salem and Statesville MSAs. Northwood Apartments presents a compelling opportunity to acquire an ideally positioned asset with significant recent capital improvements. The property delivers excellent return metrics in a high growth corridor with an emerging job story.
Capstone AP Brokers $8.5M Sale of Avalon Square in Bradenton, FL
BRADENTON, FL — Capstone Apartment Partners is pleased to announce the sale of Avalon Square Apartments in Bradenton, FL. With an occupancy rate of 97%, the asset was purchased by Axonic Capital from a private individual for $8,500,000, or $55,195 per unit.
Capstone Manufactured Housing Brokers $1.2M Sale in Gastonia, NC
GASTONIA, NC — Capstone Manufactured Housing is pleased to announce the sale of Hickory Village MHP in Gastonia, NC. The 79-lot asset was sold to Affordable Communities Group, LLC for $1,259,000, or $15,936 per lot, from MHP Holdings, LLC.
Capstone AP Brokers $9M Sale in Daytona Beach, FL
DAYTONA BEACH, FL — Capstone Apartment Partners recently brokered the $9,050,000 sale of Forestlake Apartments in Daytona Beach, FL. After an extremely competitive bidding process Capstone client, Harbor Group, awarded and sold the 1980s vintage property for $61,986 per unit to Timberland Partners.
Capstone Offering: Excellent 11%+ Year 1 Cash-on-Cash Returns
Northwood Apartments offers buyers a highly performing, mid-80’s vintage, turn-key asset nestled between the Winston-Salem and Statesville MSAs. Northwood Apartments presents a compelling opportunity to acquire an ideally positioned asset with significant recent capital improvements. The property delivers excellent return metrics in a high growth corridor with an emerging job story.
Capstone Manufactured Housing Brokers $4.75M Sale in Jacksonville, FL
JACKSONVILLE, FL — Capstone Manufactured Housing is pleased to announce the sale of the Jamestown Estates MHP in Jacksonville, FL. Affordable Communities Group sold the 180-lot asset to Summit Communities in an off-market transaction for $4,750,000, or $26,389 per lot and $43,578 per occupied lot. Summit Communities owns multiple manufactured housing assets, and currently has a strong presence in the Jacksonville market.
Capstone Offering: Stabilized Asset in Thriving Tampa Bay MSA
Capstone Apartment Partners is pleased to present Lake Tarpon Apartments: a 40-unit multi-family community in Palm Harbor within Pinellas County, Florida’s most densely populated county. The community was built in 1970 with concrete block construction and features a desirable unit mix of spacious one and two bedroom units. This offering presents the opportunity to acquire a stabilized, well-maintained 55+ community with continued rental upside and a full amenities package.
Capstone AP Arranges Record Setting Sale in Chattanooga, TN
CHATTANOOGA, TN — Capstone AP has brokered the sale of a recently constructed property located in Chattanooga’s popular NorthShore neighborhood. Enclave Holdings has purchased Forest on Frazier, a 30-unit apartment property, for $6.456 million, setting a new Chattanooga price per unit record of $215,200. This sale raises the bar in multi-family sales transactions by shattering the previous per unit record price. Constructed in 2014, the property was previously owned by Boehm Real Estate & Investment Company.
Capstone Offering: Village Square in Charlotte, NC MSA
Capstone Apartment Partners is pleased to present Village Square, a highly performing mid-1980’s vintage asset with immediate value-add potential in the Union County submarket of the Charlotte MSA. Village Square represents a rare opportunity to acquire an ideally positioned asset with significant recent capital improvements, and offers a healthy mix of large townhome floorplans in a high growth Charlotte submarket with very limited apartment supply.
Capstone Tampa, FL Market Report: Thriving Employment & Robust Development
Capstone Apartment Partners is pleased to present its Tampa, FL Summer 2015 Market Report. The Tampa Bay MSA continues to thrive. Over the past year, 32,900 jobs have been added to the area causing an increase in demand for multi-family units. With new developments coming to the area, it is expected that the Tampa Bay market will continue to add hundreds of jobs to the area and improve economically.
Capstone Offering: 1,156 Combined Units in Midwest
Capstone Apartment Partners, in conjunction with the Cincinnati-based Sperry Van Ness investment sales team, is pleased to present a Midwest Value-Add Portfolio. This rare opportunity offers a combined 1,156 units, which may be purchased individually or as a portfolio. Located in Columbus, OH and Indianapolis, IN, each asset is well-positioned with strong operations, upward trending occupancies and EGI, and presents multiple value-add opportunities.
Capstone Presents 216-Bed Student Housing Opportunity 0.5 Miles from UNCW
Capstone Apartment Partners is pleased to present Lofts at Randall, a 216-bed, 54-unit student housing asset located 0.5 miles to the University of North Carolina at Wilmington (UNCW), home to 14,570 students. Lofts at Randall represents an excellent opportunity to acquire the newest luxury Class A student asset at UNCW. Lofts at Randall offers 4 bedroom/4 bathroom floorplans appealing to today’s modern college student with only one true rental competitor in the immediate area.