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...
SHELBY, NC– Capstone Companies is pleased to announce the successful closing of Caitlin Station and Washington Square, a two-property multifamily portfolio located at 826 Ivywood Drive and 397 Seattle Street in Shelby, North Carolina. The transaction, finalized on August 1, 2024, involved the sale of 104 total units, with Caitlin Station boasting a 97.9% occupancy rate and Washington Square being fully...
Click Here to View and Download the Report Capstone is pleased to present the 2024 Multifamily North Carolina Expense Survey Report. We want to give a special thanks to all the property owners and managers who placed their trust and confidence in us to provide this report. The best investment decisions are made based on a thorough understanding of the facts; ultimately, the more...
CHARLOTTE, NC—In what is the largest Class C portfolio transaction by unit count and total dollar amount in 2024 to date, Capstone Companies is pleased to announce the successful closing of three prominent multifamily properties in West Charlotte: Scarlet Pointe (274 units), Townhomes at Wisteria Hills (102 units), and Ravenwood Hills Apartments (120 units). The portfolio totals 496 units and sold for a...
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...
LEXINGTON, NC— Capstone Companies is pleased to announce the $5.85M sale of Lexington Park, a 62-unit garden-style apartment and townhome community located in Lexington, North Carolina. The well-maintained asset stands out due to its desirable walk-up units and large floor plans. Following the sale, the buyer has assumed the in-place agency loan and intends to build upon the value-add strategy...
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...
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 is pleased to present the 2023 Multifamily South Carolina Expense Survey Report. We want to give a special thanks to all the property owners and managers who placed their trust and confidence in us to provide this report. The best investment decisions are made based on a thorough understanding of the facts; ultimately, the more facts you can verify, the more you reduce your risk. This report aims...
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...
GREENSBORO, NC — Capstone Companies has successfully facilitated the $13.5M off-market sale of Cottage Gardens, a 176-unit, 1960-constructed apartment community in the Eastside Park submarket of the Greensboro, NC MSA. The seller, a private firm based in North Carolina, kept the property exceptionally well maintained with very little exterior deferred maintenance. Capstone’s transaction team, led by...
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...
