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Capstone is pleased to present Crestmark Apartment Homes, a 334-unit apartment complex located in the Atlanta suburb of Lithia Springs, GA. Built in 1992 and 1994, Crestmark offers a mix of large (1,079 SF avg.) one-, two-, and three-bedroom garden-style floor plans with resort-style amenities, and excellent Interstate access. Over the past two decades Douglas County has witnessed an explosion in population and job growth aided by expansion in logistics, e-commerce, and manufacturing. The next owner will have the opportunity to further “season” the rent roll as leases expire, bolstered by the potential to renovate 100% of the unit interiors to luxury-level finishes, achieving rent premiums of approximately $300-$500. The luxury level finishes the next owner could add includes hard surface countertops, undermount sinks, new cabinets and smart controlled thermostats. These proposed renovations will not only bridge the rental gap to nearby renovated and new product peers, but will reposition Crestmark as the leading luxury option in the Douglas County apartment market.

Investment Highlights:

Property Can Be Purchased As a Loan Assumption or Free and Clear

Rent Premiums at Nearby Comps Provides Proof of Concept for Luxury Level Finishes

Value-Add Opportunity to Upgrade 100% of the Units to Higher Luxury Level Finishes

Strong Lease Trade-Outs Have Continued to Enhance NOI Growth

Douglas County is One of the Fastest-Growing Communities in the Atlanta MSA


  • Address 945 Crestmark Blvd, Lithia Springs
  • City Lithia Springs
  • State/county Georgia
  • Zip/Postal Code 30122

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