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Capstone is pleased to present The Oasis Portfolio, a two property, value-add portfolio totaling 200 units in Wilmington, North Carolina. The portfolio is comprised of Oasis at Cedar Branch (2013) and Oasis at Twinwood (2011), which are currently being operated independently of each other, but are being offered together to create economies of scale as the properties are a mere two miles apart. The portfolio presents investors with well-positioned assets poised for a light value-add completion, with 17% of units available to renovate. With over $2 million+ CapEx recently invested; new owners can immediately focus on driving NO I through completion of a market-proven value-add, and implementing substantial rent increases on the next generation of trade outs. The Oasis Portfolio has undergone a successful transition from a student demographic to market rate apartments, with current ownership swiftly re-tenanting the assets with quality market rate tenants at rents below surrounding properties. This presents significant potential for new ownership to capitalize on the second generation of leases and increase rents to be more in line with those of nearby comparable properties. The properties are surrounded by an abundance of Class A retail, multiple major employers, and the area’s strongest demand drivers, positioning the portfolio for significant rent growth for years to come.

Investment Highlights:

Significant CapEx Invested & Soaring Re-Lease Trend

Market Rents Trailing Local Competitors Leaving

Significant Room to Move Rents at Renewals

17% of Portfolio Available to Renovate

Favorable Renter Demographics

Surrounded by an Abundance of Amenities

  • City Wilmington
  • State/county North Carolina

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