New Offering: 136-Unit, 3-Property LIHTC Portfolio in Louisville, KY

Capstone Apartment Partners is pleased to present a predominantly income restricted and government subsidized 136-unit, three-property portfolio for sale in Louisville, Kentucky. Shawnee Gardens consists of two phases: Phase I is the readapted 1915 Shawnee Elementary School converted into 47 units, and Phase II, constructed in 1999 as purpose-built apartment...

Capstone Arranges Sale of 268 Units in Paducah, KY

PADUCAH KY—Capstone Apartment Partners announces the $3 million sale of Fernwood Homes: a 126-unit apartment community in Paducah, Kentucky. The buyer, New York-based Hillcrest Acquisitions, recently closed on two other Paducah communities with Capstone: Riviera and Mora Mi Apartments. Between the three properties, Hillcrest now has a total share of...

Capstone Brokers $61.4M Sale of Six Properties in Louisville and Lexington

LOUISVILLE, KY—Capstone Apartment Partners has completed the $61.4 million sale of a six-property apartment portfolio in the greater Louisville and Lexington markets. New ownership is committed to preserving and revitalizing these assets to continue providing well-maintained and affordable housing for tenants. The 1,185-unit portfolio transaction consists of six apartment communities:...