Download Offering Materials: Latham Heights
Capstone Apartment Partners is pleased to present Latham Heights: a 36-unit community in Memphis, Tennessee. This asset has undergone two phases of renovation—the first in 2017 and the second in 2020—with current ownership focusing on exterior capital improvements and converting the existing office to a new unit. Latham Heights is well positioned within the submarket to organically increase rents, as effective rents trail the submarket average by 17%. Organic rent growth for Latham Heights will be on par with the Memphis MSA, a market that has experienced rents increasing more than 9.0% year over year, leading the southeast in 2020.
Investment Highlights:
Numerous Capital Improvements Completed
Proximity to Employment & Transportation
Ability to Organically Increase Rents
Robust Memphis Rent Growth
