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...
HUNTSVILLE, AL — Capstone Companies has successfully brokered the sale of St Andrews Villas: a newly constructed build-for-rent style, 96-unit luxury apartment community in Huntsville, AL. The community is unique in that all units are one level, providing residents with private, easily accessible space with a personal one-car garage. Each villa is comprised of a 2-bedroom, 2-full bathroom configuration...
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...
CANTON, GA—Capstone Companies announces the $26,100,000 sale of Lancaster Ridge Apartments: a 145-unit, garden-style apartment community located in the Canton submarket of the greater Atlanta, GA MSA. The Capstone transaction team was led by Managing Director of Multifamily Investment Sales, Eric Liebich, and Capstone Partner, Ron Corrao. Through a fully marketed sales process, they represented the...
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...
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...
