INDIANAPOLIS, IN— Capstone Companies is pleased to announce the successful closing of the Oxford Terrace Apartments. Now renamed City Vista Apartments, the 40-unit garden-style community was constructed in 1986 and is located in the vibrant Martindale-Brightwood neighborhood of Indianapolis, IN. Under the expert guidance of Capstone's brokerage team—Investment Sale Advisors, Kevin Burns and David...
Click Here to View and Download the Report Capstone is pleased to present our Q1 2024 Washington market report for Seattle, Eastside, Bellingham, Tacoma, Olympia, Tri-Cities, and Spokane. This comprehensive report delves into the region's employment trends, economic development, multifamily data, and essential metrics shaping these markets. For more information, please contact a member of our Pacific...
CHARLOTTE, NC —Capstone Companies is pleased to announce the successful $9,000,000 closing of the Graham & 6th Street Urban Infill Development Site in Charlotte, North Carolina. The ±1.64-acre infill urban core development site, located at 420 W 6th Street, marks a significant milestone in the city's ongoing growth efforts. Strategically situated in the heart of Uptown Charlotte’s Fourth Ward...
GREENSBORO, NC — Capstone Companies is pleased to announce the off-market, $14.35M sale of the Greensboro Value-Add Portfolio comprised of three 1960s-vintage multifamily properties, totaling 232 units. Communities involved in the sale include: New Garden Apartments (76 units, 1969 YOC), Alexander Apartment Homes (40 units, 1961 YOC), and Lincoln Grove (116 units, 1961 YOC). The Capstone Carolinas...
WAKE FOREST, NC — Capstone Companies is pleased to announce the off-market, $4.1M sale of Creekside Apartments, a 38-unit apartment community located in Wake Forest, North Carolina along S Franklin St. The 2001-constructed property contains two- and three-bedroom units and was 95% occupied at time of sale. The property is poised for a value-add initiative, furthering the appeal of the community to...
LEXINGTON, KY — Capstone Companies is pleased to announce the successful on-market sale of Rand at Lansdowne, a distinguished 1968-construction garden-style multifamily apartment community located in Lexington, KY, consisting of 143 units spread across 5.82 acres. Under the guidance of Capstone Partner Adam Klenk, alongside Austin Heithcock, Jordan Arand, Josh White, Blake Wiser, and Quentin Nichols,...
LEXINGTON, NC — Capstone Companies is pleased to announce the successful sale of Fairview Village, a 120-unit apartment community located in Lexington, North Carolina. Constructed in 1974 within the rapidly growing submarket of Davidson, the property has been very well-maintained by previous ownership, who invested significantly in targeted capital expenditures over the past few years. With an impressive...
NASHVILLE, TN—Capstone Companies has brokered the sale of a multifamily land site in the desirable Bellevue submarket of Nashville, TN. The 43.87-acre site, named Bend at Bellevue Park, is located on Morton Mill Rd. The site sits adjacent to a 51-acre park and greenway and is bordered on the east by the Harpeth River. Bend at Bellevue Park is slated for ±300 multifamily units. The Capstone...
JACKSONVILLE, FL—Capstone Companies has successfully brokered the sale of a multifamily land development opportunity in Jacksonville, FL. The 15.41-acre site is situated near the intersection of Normandy Boulevard and I-295 in the rapidly expanding West-Side Submarket. The buyer intends to construct a 308-unit market-rate apartment community with clubhouse, including fitness center, resort pool, dog spa...
DENVER, CO — Capstone is pleased to welcome Sam Bretz, a new Senior Advisor, to its Denver brokerage team. Sam joins Capstone with years of sales and broker experience and is a graduate of the University of Colorado Boulder, where he received his bachelor’s degree in economics. A lifelong Coloradan, Sam specializes in multi-housing brokerage in the Denver metro area. Prior to joining Capstone, he...
CHESAPEAKE, VA — Capstone Companies has closed an $18.9M portfolio sale consisting of three properties—Crossroads Townhomes (1974), Bently Apartments (1986), and Elkhart Apartments (1985)—in the Chesapeake and Portsmouth submarkets of the Hampton Roads, VA MSA. The three properties total 202 units and are located within 2.5 miles of each other. Capstone’s transaction team of Ron Corrao, Eric...
On November 7th, 2023, Tacoma citizens voted on Initiative 2023-01, a Tenant Bill of Rights, and the bill was passed. All Tacoma voters should be aware of what this bill includes, as all multifamily property owners will be affected. The most important components to the Tenant Bill of Rights include: Notice of Rent Hikes and Tenant Relocation Assistance Landlords must provide notice of rent...
