Download Offering Materials: Nordica Crest
Capstone Apartment Partners is pleased to present Nordica Crest: a 50-unit, 1992-vintage apartment community in Fayetteville, North Carolina. The asset benefits from a proven value-add program, which will provide an excellent foundation for new ownership to utilize and take the property to the next level. The asset is surrounded by some of the region’s most prolific employers, such as Fort Bragg, and is proximate to multiple Class A retail and amenity options for residents to enjoy. Additionally, the asset is situated in one of the top submarkets for multi-family fundamentals and demographics, with over 55% of the surrounding area comprised of renters and a robust 13%+ rent growth year over year. Having a significant value-add opportunity coupled with an excellent location and positive multi-family fundamentals, Nordica Crest presents investors a premier investment opportunity.
Investment Highlights:
Robust Value-Add Opportunity
Strong Market Fundamentals for Multi-Family Housing
Strong Organic Rent Growth in 2021
Excellent Location Proximate to Class A Retail, Amenities, and Jobs
