The Garden Apartments

Capstone is pleased to present The Garden Apartments,
a 42-unit apartment community, in Chattanooga, Tennessee. The Garden Apartments
benefits from its location along Dayton Boulevard, providing residents
immediate access to multiple retail amenities in the Red Bank area as well as
the largest employers in the Chattanooga MSA, such as Erlanger Health, CHI
Memorial Hospital, BlueCross BlueShield of Tennessee, Volkswagen, and the
renowned Innovation District. The property is poised for new ownership to
capitalize on the proven value-add program, which is achieving in-place rent
premiums of $250+. Over the past year, ownership has invested over $600,000 in
targeted capital expenditures throughout the property. With minimal deferred
maintenance remaining, the next owner can solely focus on upgrades that will
impact the bottom line.

Investment Highlights:

Complete the Proven Value Add Program

Chattanooga Investment Fundamentals

Diverse Chattanooga Economy