Lexington Apartments Portfolio

Capstone Apartment Partners is pleased to present the Lexington Apartments Portfolio, an eight property 77-unit value-add portfolio located in Lexington, NC. The Lexington Apartments Portfolio presents investors with a unique opportunity to complete and expand on the in-place value-add program, which is achieving substantial premiums over classic units. Current ownership has kept the portfolio very well-maintained with a significant investment in targeted capital expenditures since acquisition. Favorable demographics in Davidson County have resulted in rent growth of over 8.0% and home values increasing over 13% within the last year. With multiple major job announcements recently publicized in Lexington, these increases are expected to continue over the next few years. Additionally, the Lexington Portfolio benefits from outstanding regional connectivity offering residents direct access to an abundance of demand drivers within the area and beyond. Limited new construction coupled with increasing market fundamentals provides an outstanding opportunity for assets such as the Lexington Apartments Portfolio to increase rents markedly through value-add renovations, thus achieving a substantially higher NOI. 

Investment Highlights:

Significant Capital Expenditures Invested To-Date

Well Positioned Assets Poised for Completion of Proven Value-Add Program

Favorable Market Fundamentals with Limited Supply

Highly Accessible Location Proximate to an Abundance of Demand Drivers