Download Offering Materials: Colonial Trace
Capstone Apartment Partners is pleased to present the opportunity to acquire Colonial Trace Apartments, a 48-unit garden-style apartment complex located in the rapidly expanding Cincinnati suburb of Lebanon, OH. New ownership will benefit from the ability to push current rents to market levels as immediate submarket competitors prove higher rents are achievable in the area. The property offers minimal deferred maintenance and value-add programs are proven at direct competitors. Colonial Trace Apartments is ideally positioned to benefit from strong Northeast Cincinnati multi-family market fundamentals. Northeast Cincinnati—among the fastest growing counties in the state of Ohio—is experiencing historically low vacancy and boasts well above average median incomes in the immediate area. The asset also offers high connectivity to restaurants, shopping, major employers, and historic downtown Lebanon.
Investment Highlights:
Value-Add Opportunity
Organic Rent Growth
Strong Submarket Fundamentals
