Offering Memorandum Now Available

Capstone, in partnership with Deaton Investment Real Estate & GREA, is pleased to present Scarlet Pointe and Townhomes at Wisteria Hills, a 376-unit portfolio located in the booming West Charlotte submarket of Charlotte, North Carolina. The portfolio presents a mix of garden-style and townhome-style units that can be acquired individually or as a portfolio, thereby generating economies of scale by consolidating operations and streamlining efforts across both assets. Built in 1974 and 1971, Scarlet Pointe and Wisteria Hills present an excellent opportunity for new ownership to capitalize on two distressed properties with substantial upside potential. Situated within the flourishing West Charlotte submarket, the assets boast a well-maintained condition, a testament to the $3.6M+ CapEx recently invested across both assets. Current ownership has completed interior renovations on 15% of the portfolio, which ideally lays the groundwork for new ownership to seamlessly complete the renovation program and implement various operational efficiencies across the properties. The favorable location with access to an abundance of major demand drivers in the area, as well as nearby retail amenities, positions Scarlet Pointe and Townhomes at Wisteria Hills as an excellent investment opportunity in the submarket.

Investment Highlights:

Opportunity to Improve Operations Significantly

Substantial CapEx Recently Invested

Robust Value-Add Opportunity

Favorable Renter Demographics

Premier Location in Booming West Charlotte Submarket

Virtual Tours:

Scarlet Pointe | Virtual Apartment Tour

Scarlet Pointe | Virtual Townhome Tour

Townhomes at Wisteria Hills | Virtual Tour of Partially Renovated Townhome Unit