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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 16.7-Acre Development Project in Asheville, NC

Asheville, NC—Capstone Companies has assembled the sale of a development project in Asheville, NC. The 16.7-acre, fully entitled site is located at 2177 Brevard Road and is slated for 319 units. The buyer is URS Capital (Managing Partner Chris Urso) partnered with PREG-Advantis and their construction arm; BCC Construction, Inc., a Florida based national Development and construction team led by Richard...

Capstone Opens New Brokerage Office in Boise, Idaho

BOISE, ID—Capstone Companies, a nationwide leader in multifamily investment sales headquartered in Charlotte, North Carolina, is pleased to announce the expansion of the brokerage firm’s new regional office in Boise, ID. The new office is led by Investment Sales Advisor, Colton Yasinski, who has transacted hundreds of units in the Idaho market, including affordable LIHTC product, value-add...

Capstone Brokers $3.3 Million Multifamily Sale in Nashville MSA

CLARKSVILLE, TN — Capstone Companies has brokered the $3.3M sale of Crossland Manor: a 48-unit garden style multifamily apartment community constructed in 2008 and located in Clarksville, Tennessee. Capstone Director, Austin Heithcock, led the Capstone transaction team along with Partner, Adam Klenk, and Investment Sales Advisors, Jordan Arand and Josh White. They facilitated the sale between...

Capstone Brokers Two Multi-Family Assets in Nashville, TN MSA for Over $32 Million

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...

Capstone Closes 80-Unit Senior Living Apartment Community in Hobart, IN

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...

Capstone Closes $9 Million Sale of ±13.61-Acre Development Site in Greensboro, NC

Greensboro, NC—Capstone Companies has brokered the $9,000,000 sale of a ±13.61-acre development site in Greensboro, NC. The site is located at 829 Guilford College at the intersection of Guilford College Rd and Sapp Rd, directly adjacent to the Target-anchored Wendover Place Mall. The buyer is Raleigh, NC-based HHHunt, who will break ground later this year on a 360-unit, garden-style apartment...

Capstone Closes ±5.04-Acre Townhome Development Site in Greenville, SC

Greenville, SC —Capstone Companies facilitated the sale of a ±5.04-acre development site in Greenville, South Carolina. The site consists of six parcels and is located at 130 Prospect Street just south of W Faris Rd, between I-185 and Hwy-81, and is adjacent to Prisma Health Greenville Memorial Hospital. The buyer, Lincoln Avenue Capital, is an affordable housing developer based out of Santa Monica,...

Capstone Closes $15 Million Sale of 132-Unit Apartment Community in Shelby, NC

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...

Capstone Closes $35.5 Million Sale of 204-Unit Apartment Community in Nashville, TN

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...

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