New Offering: Value-Add Asset Along I-85 Employment Corridor Between Charlotte and Greensboro

Download Offering Materials: Rolling Hills Townhomes

Capstone Apartment Partners is pleased to present Rolling Hills Townhomes, a 61-unit, 1972 vintage, multi-family community located in Salisbury, NC. Rolling Hills Townhomes presents potential investors with an ideal value-add asset in a well-connected location. Conveniently situated off Statesville Boulevard (US-70), residents have immediate access to Jake Alexander Boulevard W (U.S. 601) which connects to U.S. 29, I-85, and numerous demand drivers in the surrounding area. Additionally, the market will benefit from two major recent job announcements. Jeld-Wen is investing $7.9 million into a new manufacturing plant in Statesville that will create 235 jobs. Doosan Bobcat is investing $70 million into a 68-acre expansion to their existing 98-acre campus that will create 250 full-time positions. New ownership will benefit from little to no deferred maintenance at the property which will allow them to immediately allocate funds towards completing the in-place value-add program, push rents, and achieve a higher NOI.

Investment Highlights
Ideal Value-Add Program with Little to No Deferred Maintenance
Well-Connected Location Accessible to Major Demand Drivers in Surrounding Market

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