Capstone is pleased to present Gardens on Griffin: a 78-unit garden-style apartment community located in Leesburg, FL. The asset boasts 34 spacious two-story townhome units, in addition to a balanced level of traditional one- and two-bedroom apartment units. Current ownership has completed over $1.1 million of exterior capital improvements, including roof replacements on all buildings, exterior painting and overlaying the asphalt parking lot. The property is located less than 10 minutes from The Villages, the nation’s fastest growing metro area with over 130,000 current residents and increasing by over 10,000 annually. Gardens on Griffin is a best-in-class asset with a multitude of remaining value creation opportunities, priming the asset for its next owner.

Investment Highlights:

Extensive Capital Investment

Significant Upside Remaining for Next Owner

Rent vs. Own Analysis

Proximate to Region’s Demand Drivers

Strong Market Fundamentals