New Offering: Ideal Value-Add Opportunity | 503 Units in Charlotte’s Flourishing University Submarket

Download Offering Materials: Phillips Mallard Creek and Villas of Mallard Creek

Capstone Apartment Partners is pleased to present Phillips Mallard Creek and Villas at Mallard Creek: a 2013/2019 built, 503-unit community in Charlotte, North Carolina. The properties were developed in two phases—Phillips Mallard Creek (2013 YOC; 324 units) & Villas at Mallard Creek (2019 YOC; 179 units)—and are operated together, creating significant economies of scale. The properties are conveniently located in the University of North Carolina at Charlotte (UNCC) submarket of northern Charlotte, giving residents convenient access to 70,000+ jobs in the University area and over 100,000 jobs in Uptown Charlotte via close access to the LYNX Blue Line. Strong market fundamentals and renter demographics, coupled with a steady pipeline of high paying jobs and a moderate value-add opportunity, will allow new ownership to inherit a property poised for significant rent growth for years to come. The University submarket continues to be the top growing submarket in Charlotte due to the influx of high paying jobs and the presence of UNCC, positioning Phillips Mallard Creek and Villas at Mallard Creek as one of the premier investment opportunities in the submarket.

 

Investment Highlights:

Significant ROI Opportunity Through Value-Add Program
Opportunity to Acquire 500+ Units in a Growing Submarket
Favorable Renter Demographics in a Booming Submarket
New Development and Subsequent Employment Growth
Proximity to Class-A Retail

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