New Offering: 252-Unit Portfolio in Memphis, TN | Submarket With 10%+ Rent Growth in 2021

Download Offering Materials: Shelby & Holmes Pointe

Capstone Apartment Partners is pleased to present Shelby Pointe and Holmes Pointe, located in Memphis, Tennessee. The jointly operated properties are situated less than two miles apart and offer new ownership an immediate foothold in the Whitehaven submarket. Across both properties, current ownership has renovated 94% of the units and positioned the properties with top-of-the-market finishes. The interior renovation initiative has proven the demand for upgraded product and has achieved rent premiums of $200 laying the groundwork for the next owner to complete the value-add program. Located along the I-55 corridor in the heart of “America’s Logistics Hub”, the properties are poised to benefit from continued worldwide e-commerce boom that has made Memphis the premier logistics hub of the world. With an unbeatable location, employment proximity, and promising value-add upside, Shelby Pointe and Holmes Pointe are set to achieve sustained rent growth for years to come.

Investment Highlights:

Best-in-Market Finishes

Opportunity to Complete Value-Add Program

20-Year PILOT in-Place

Prime Location Within America’s Logistics Hub

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