Capstone is pleased to present The Overlook at Jackeys Creek, a 67-unit single-family rental community located in the growing Leland submarket of Wilmington, North Carolina. The Overlook at Jackey’s Creek is being developed in two phases that total 67 standalone single-family rental units. Phase one consists of 42 units and will have construction completed in Q4 2024. Stabilization of phase one will occur prior to closing. Phase two consisting of 25 units is available as a forward purchase opportunity or as a separate development site. As a single-family rental community, the property is strategically positioned to appeal to both high-income young professionals and retiring empty nesters. The community is also situated directly across from Leland’s anticipated future waterfront public space, a 28.5-acre waterfront property expected to be developed into a public recreational space. With its prime location on River Road SE, residents of The Overlook at Jackey’s Creek will enjoy convenient access to major employers, retail, and commercial services throughout Leland and Wilmington. Given its favorable location, unique product offering, and new construction status, The Overlook at Jackey’s Creek represents an outstanding opportunity for future ownership to capture market share in one of the fastest-growing submarkets in the Wilmington MSA.

Investment Highlights:

One Completed Phase with Multiple Options for Phase Two

Highly Desirable BTR Community Targeting Both Young Professionals and Empty Nesters

Favorable In-Place Insurance Policy ($1,800/unit)

Located Directly in Front of Waterfront Public Space

Growing Market with Strong Job Opportunities