commercial real estate

Capstone Brokers Sale of Lexington, KY Garden-Style Apartment Community

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,...

Capstone Brokers Sale of 120-Unit Apartment Community in Lexington, NC

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...

Capstone Brokers 43.87-Acre Multifamily Site in Nashville, TN

 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...

Capstone Brokers 15.41-Acre Multifamily Land Sale in Jacksonville, FL

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...

Capstone’s Denver Brokerage Team Continues to Grow

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...

Capstone Brokers $18.9M Sale of Portfolio in Hampton Roads, VA MSA

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...

Tacoma Tenant Bill of Rights Overview

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...

2023 Greenville-Spartanburg Market Report

Capstone is pleased to present our 2023 market report covering Greenville and Spartanburg, South Carolina. 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 Carolinas team: Ron Corrao Eric Liebich Josh Greenwald Scott Fuller Matt...

Capstone Brokers $8.9M Apartment Community in Bowling Green, KY

BOWLING GREEN, KY — Capstone Companies has successfully brokered the $8.9M off-market sale of Red Rock Place Apartments: a 60-unit garden style multifamily apartment community constructed in 2017 and located in Bowling Green, Kentucky. Capstone Investment Sales Advisor, Jordan Arand, led the transaction team along with Capstone Partner, Adam Klenk, Senior Advisor, Austin Heithcock, and Investment...

Capstone Brokers 234-Unit Class A Property in Fargo, ND

FARGO, ND: Capstone has brokered the sale of U32, a Class A, 234-unit multifamily property in Fargo, ND.  Kevin Phelan and Josh Benard of Capstone brokered the transaction. U32 is conveniently located on the north side of Fargo. It’s a quick drive to Interstate 29 and is in close proximity to Hector International Airport and North Dakota State University, making this property attractive to a diverse...

Capstone Brokers $3.1M Sale of Class A Apartment Building in Tulsa, OK

TULSA, OK — Capstone Companies has successfully facilitated the $3,100,000 sale of Coliseum Apartments, a Class A, 36-unit luxury walk-up-style apartment building in Tulsa, Oklahoma. The property, built in 1925 and renovated in 2015, has been in the heart of Tulsa for over 98 years and encompasses a fusion of modern urban living with the practicality of an unbeatable location and upscale...

Multi-Family News Run Down 08/08/2023.

In the current economic landscape, multi-family investors are grappling with tightening credit standards and weaker loan demand due to the Federal Reserve's interest-rate hike campaign. These trends will likely persist throughout 2023 as banks foresee further tightening lending standards. While these credit conditions raise concerns about a potential economic slowdown, the multi-family market remains...

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