Download Offering Materials: Pullen Station
Capstone Apartment Partners is pleased to offer the opportunity to acquire Pullen Station: a 100-unit studio apartment community ideally located between North Carolina State University and the skyscrapers of downtown Raleigh. Pullen Station offers a timeless infill location that has benefited tremendously from the in-place value-add program. As the demand for lower-cost housing options continues to increase, Pullen Station will be perfectly positioned and differentiated in the urban core submarket. With the majority of the heavy lifting complete and a proven interior value-add program nearly complete, new owners can immediately focus on driving NOI growth organically on renewals, while renovating the remaining units and improving the exterior space and amenity options.
Existing Value Propositions
A Timeless Infill Location
Unique Floorplans and Differentiated Product
In-Place Value-Add Initiative to Build On
Future Development Covered Land Opportunity
Hotel Conversion/Short Term Rental Opportunity