Nashville, TN - Capstone brokers Adam Klenk, Austin Heithcock, and Jordan Arand have sold two multi-family properties in Tennessee for a combined total of over $32 million. The properties, The Oaks in Oak Ridge and The Arte in Clarksville, were sold on March 22, 2023, with The Oaks being acquired by Brightstone Capital and The Arte being acquired by Valor Residential. The Oaks, which was sold for $9.9...
HOBART, IN — Capstone Companies has facilitated the successful sale of the Kirby Manor Apartments: an 80-unit senior living (+55) apartment community located in Hobart, Indiana. The Capstone transaction team was led by Director of Multi-Family Investment Sales, Eric Liebich, and Investment Sales Advisor, Kevin Burns, who represented the seller through a fully marketed sales process. The Capstone team...
CHARLOTTE, NC — Capstone Companies announces the $15,000,000 sale of the Madison Park Apartments: a 132-unit multi-family apartment community constructed in 1980 and located in Shelby, North Carolina. Eric Liebich, Director of Multi-Family Investment Sales, and Ron Corrao, a Partner at Capstone, led the Capstone transaction team. They facilitated an off-market transaction between Southwood Realty, based...
Download Offering Materials: The Exchange at Steele Creek Capstone is pleased to present The Exchange at Steele Creek. Construction is complete and the asset is working through final inspections with final C/O expected at the end of April / early May 2023. This garden-style apartment community with Class A finishes is comprised of 36 units consisting of one- and two-bedroom floorplans. Favorable...
Download Offering Materials: Chula Vista & Villa Verde Apartments Capstone is pleased to present Chula Vista and Villa Verde, 1968 & 1970s vintage, classic value-add assets in Oklahoma City, Oklahoma. Chula Vista (61 units) and Villa Verde (131 units) present phenomenal potential to investors seeking entry into the resilient South Oklahoma City multi-family market. These assets possess an in-place...
Download Offering Materials: AT580 Capstone is pleased to present AT580, a premier mixed-use building located in the heart of Cincinnati’s central business district. The opportunity presents investors with excellent diversification of cash flow and tremendous value-add upside. The 17-story building is comprised of 179 luxury apartments in the upper floors and annex, six floors of ready-to-convert office...
Download Offering Materials: Farmhouse at Westfield Station On behalf of Front Street Partners (the “Sponsor”), Capstone is pleased to present an LP equity investment opportunity to capitalize the development of Farmhouse at Westfield Station, a 324-unit multi-family development located just south of downtown Westfield and only three miles north of downtown Carmel, Indiana. Situated on 24.1 acres...
Download Offering Materials: Pasadena Portfolio Capstone is pleased to present the Pasadena Portfolio: 1963 & 1962 vintage, classic value-add assets in Pasadena, Texas, a suburb of Houston. Garner Park (53 units) and Shaver Park (36 units) present phenomenal potential to investors seeking entry into the resilient Southeast Houston multi-family market. New ownership will be able to take advantage of...
Download Offering Materials: City View Apartments Development Site Capstone is pleased to present the City View Apartments Development Site, a ±16.26-acre multi-family zoned site in the Loudon County submarket of Knoxville, Tennessee. The development site is well-positioned to serve Class A tenants or an affordable development such as LIHTC. Located just off Highway 321 (20,950 VPD), future residents will...
Download Offering Materials: Savannah Portfolio Capstone is pleased to present the Savannah Portfolio (Eleven-750 & The Flats @ Six Gateway), a hotel-to-apartment redevelopment opportunity located in Savannah, GA. Both properties currently operate as hotels. The hotel-to-apartment conversion space gives a rare opportunity for developers to reposition the existing assets into a rental apartment...
SEATTLE, WA—Capstone Companies has closed the $3,250,000 sale of the Joyce Apartments: a 10-unit apartment community located in Edmonds, WA. Edmonds is a highly desirable residential area just 15 miles north of Seattle, WA, and boasts views of the Olympic Mountains and Puget Sound as well as a vibrant downtown. Capstone’s Evan McLeod and Chris Hardman sold the Joyce Apartments on March 17, 2023. Built...
Download Offering Materials: Five-41 Hotel to Multi-Family Conversion Capstone is pleased to present the Five-41 Hotel Conversion, a hotel-to-apartment redevelopment opportunity located in Jackson, TN. The property currently operates as a 129-unit Clarion Inn. The hotel-to-apartment conversion space gives a rare opportunity for developers to reposition an existing asset into a rental apartment community....
