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Capstone Apartment Partners is pleased to present The View
at Blue Ridge Commons, a 339-unit, luxury Class A new construction apartment
community located in Roanoke, Virginia. The property is currently under
construction, with the first wave of units set to come online mid-summer 2022,
and final C/O expected in Q1 2023. The View at Blue Ridge Commons offers
investors a truly unique trophy asset in the market with the development
featuring two mid-rise buildings, six garden-style apartment buildings, luxury
Class A interior and exterior finishes, and a full amenity set. Additionally,
new ownership will have the opportunity to have full control over the lease-up
process to enable rental rates to accurately reflect the robust 13%+ annual
rent growth in the Roanoke market. Additionally, the asset is located in one of
the premier submarkets of Roanoke—situated directly adjacent to the main
thoroughfares of I-581/I-81, providing immediate access to numerous Class A
retail options and job opportunities. As a new construction asset situated in a
rapidly growing rental market, The View at Blue Ridge Commons ideally positions
investors to achieve robust returns for years to come.
Investment Highlights:
Top of the Market Construction Quality
Opportunity to Control Lease-Up Process in a Hot Market
Proximate to Class A Retail and Major Employers
Excellent Visibility Directly off Major Highways