CHARLOTTE, NC– Capstone Companies is pleased to announce the successful $7.15M sale of the West Charlotte Development Site, a 14-acre multifamily development site in the rapidly growing West Charlotte submarket. The site was acquired by Lucern Capital Partners in November 2022 and meticulously designed and prepared for development prior to sale. Their efforts included completing a comprehensive...
RALEIGH, NC — Capstone Companies is pleased to announce the successful closing of the Skycrest Townhomes Development Site. The ±5.17-acre site is located in an opportunity zone within Raleigh’s North Hill Submarket and is approved for 70 infill build-to-rent or for-sale townhomes by-right, designed to meet the area’s growing demand for housing. The Capstone brokerage team, led by Firm...
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...
LAKELAND, FL—Capstone Companies has brokered the $8.6M off-market sale of a multifamily development project along Airport Rd in Lakeland, FL. The shovel-ready, 29.3-acre site is slated for 300 multifamily units and was sold by Lindell Investments to Village Capital Corporation, an affiliate of the Pedcor Companies. The Pedcor Companies have been in the business of multifamily development, construction,...
NASHVILLE, TN—Capstone Companies has brokered the $4,150,000 sale of a multifamily development project in Nashville, TN. The 8.76-acre site is located at 839 West Trinity Lane and will be the future site of 79 three-story, Class A townhomes. The property, which is set some 180 feet above the Cumberland, will overlook the river with unparalleled views of Downtown Nashville and feature 3-bedroom and...
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...
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...
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...
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...
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...
NASHVILLE, TN—Capstone has arranged the $35.5 million sale of The Falls at Mill Creek: a 204-unit apartment community in Nashville, Tennessee. Situated in southeast Nashville, one of the hottest submarkets in the city, The Falls at Mill Creek is exceptionally well-maintained and offers its new owners the opportunity to build upon the property’s success. Capstone represented both the seller, Alexander...
Capstone Apartment Partners announces the $3.3 million sale of a 27-unit boutique apartment portfolio in Tulsa, Oklahoma.
