Download Offering Materials: Elevate Powell & Broad
Capstone Apartment Partners is pleased to present Elevate Powell & Broad, a 2021 construction, Class A garden-style property located in Fuquay-Varina, North Carolina. With 384 units, the property features luxury Class A finishes and an expansive amenity package, putting it amongst the top rental options in the area. Favorable demographics and population growth in the South Cary/Apex submarket have resulted in rent growth north of 20% in the last twelve months. With nearby proximity to Highway 401 and Highway 55, residents benefit from the convenient access to an abundance of job opportunities and economic demand drivers throughout Fuquay-Varina and the Triangle MSA. Elevate Powell and Broad sits within a few miles of two main retail centers providing direct access to multiple grocers, dining, and shopping options. The favorable location, positive multi-family fundamentals, and some of the top finishes in the market position Elevate Powell & Broad as an excellent investment opportunity.
Class A Asset with Luxury Finishes and Expansive Amenities
Opportunity to Organically Increase Rent
Favorable Renter Demographics in Booming Submarket
Proximity to Demand Drivers
Strong Sponsor with a Long Track Record of Successful Execution