Rent growth has decelerated below 1%, though stabilizing occupancy rates and increased consumer confidence bolster the market's resilience. The Federal Reserve’s insights anticipate a slowdown in rental housing costs due to an influx of new apartments, aiding inflation management efforts. Adaptive reuse is reinvigorating urban cores, with a surge of 122,000 rental apartments undergoing transformation,...
WICHITA, KS — Capstone Companies has successfully facilitated the $24.25M sale of Fox Run in Wichita, Kansas. The garden-style community was constructed in 1978 and is comprised of 336 units across 15.81 acres. Fox Run has a mix of studio, one-, and two-bedroom floorplans as well as a robust amenity package. Previous ownership had been in place for many years prior to the sale, resulting in Fox Run being...
OKLAHOMA CITY, OK — Capstone Companies has successfully facilitated the $16,250,000 sale of Almonte Apartments, a 288-unit garden-style apartment community in Oklahoma City, OK. The property, built in 1983, has been extremely well-maintained and recently underwent significant capital expenditures. Previous ownership had been in place at Almonte for over 17 years prior to the sale. The Capstone...
OKLAHOMA CITY, OK — Capstone Companies has facilitated the successful sale of Bethany Square, located in Bethany, OK. This rare, distressed garden-style property in the Oklahoma City MSA is comprised of 217 units on 10 acres and was constructed in 1976. Bethany Square is comprised of one-, two-, and three-bedroom units. The Capstone transaction team was led by David Dirkschneider, William Forrest,...
This edition will delve into the challenges facing multifamily investors amidst tightening lending conditions and volatile capital markets. While the fundamentals in major Sun Belt cities remain strong, multifamily investors and developers nationwide need help to secure loans due to rising interest rates and tightening lending standards. Bank deposits remain stable, but increasing caution in the commercial...
NASHVILLE, TN — Capstone Companies has brokered the sale of The Wallace Studios, a motel conversion project located at 97 Wallace Road in Nashville, to AGB Real Estate and its partners. AGB Real Estate, in partnership with SL Cap and RBSR, LLC, celebrates their fourth motel conversion project together. Founded by local developer Adam Rosenberg, AGB Real Estate has gained a reputation for taking...
The U.S. multi-family housing market has shown signs of recovery in Q2, with key markets in the Midwest and South displaying strong demand and rent growth. RMR Group's $80 million acquisition of Carroll also marks its entry into the multi-family space, providing access to Sun Belt markets and $7 billion of assets under management. The Biden Administration introduced federal regulations to enhance renter...
Amidst challenges such as inflation, strict lending practices, and liquidity stress, the sector's short-term returns and outlook remain in question. However, current optimism lies in high-demand assets in fast-growing metropolitan areas, presenting investment opportunities for some. While national asking rents in the U.S. have experienced a slight decline, regional variations emerge, calling for cautious...
NASHVILLE, TN — Capstone Companies has brokered the $12.05M off-market sale of Red Lion Inn & Suites: a 120-unit motel conversion project located at 2425 Atrium Way in Nashville, TN. Capstone Senior Advisor, Austin Heithcock, Capstone Partner, Adam Klenk, and Investment Sales Advisors, Jordan Arand and Josh White facilitated the sale between Focus Hospitality III, the seller, and Creative...
Download Offering Materials: Sage Rock Apartments Capstone is pleased to present the Sage Rock Apartments, a 17-unit property located in Kerrville, Texas situated in the beautiful Texas Hill Country. Built in 1941, Sage Rock represents a rare opportunity for investors to acquire a multifamily asset in Kerrville while limited stock is on the market. Sage Rock resides in a Tax Increment Reinvestment Zone...
Download Offering Materials: Forty West & Merry Oaks Portfolio Capstone is pleased to present the Forty West & Merry Oaks Portfolio, a combined 38-unit apartment portfolio located near downtown Nashville, TN. Current ownership has renovated over 50% of the units at each property, providing investors the unique opportunity to complete renovations and quickly increase the value of the property....
Multi-Family Sale: Capstone Brokers $9.24 Million Development Site in Deltona, FL Deltona, Florida - Capstone Companies, a leading multi-family investment sales brokerage firm, announced the successful sale of a development site in Deltona for $9.24 million. The site, located at the northeast corner of the intersection of Interstate 4 and State Road 472, sold by Trafalgar Holdings LLC to Village Capital...
