Lancaster Ridge

Capstone is pleased to present Lancaster Ridge, a 145-unit, 1994 vintage apartment community in Canton, Georgia. Lancaster Ridge presents investors with a well-positioned asset with strong organic growth in place. Recent lease trade outs average over $334 in increased rent. Favorable demographics in the thriving Cherokee County submarket coupled with increasing market fundamentals provide the opportunity for assets such as Lancaster Ridge to increase rents markedly through value-add renovations. Situated less than 2 miles from I-575 (66,711 VPD), Lancaster Ridge benefits from unbeatable regional connectivity, while offering residents direct access to all demand drivers in the area and beyond. The ideal value-add program, highly accessible and favorable location, and positive market fundamentals present a premier investment opportunity.

Investment Highlights:

Well-Maintained Asset Poised for Moderate Value-Add

Notable 2023 Lease Trade Out Increases

Favorable Renter Demographics in Thriving Submarket

Highly Accessible Location Proximate to Multiple Retail Corridors