multi-family

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 2.4-Acre Site Three Miles from Downtown Nashville

NASHVILLE, TN—Capstone Companies has brokered the sale of a multifamily land project in Nashville, TN. The 2.4-acre site is located at 2400 Clarksville Pike and has an existing building with a NNN lease in place and multiple sources of income. There are five years left on the lease. Capstone Investment Sales Advisor, Jordan Arand, facilitated the off-market sale, representing the seller, J Word...

Capstone Brokers $12.1M Sale of 3-Property Portfolio in Colorado

DENVER, CO MSA: Capstone has closed the sale of 4001-4065 Upham St, a portfolio of three adjacent multifamily properties in Wheat Ridge for the sale price of $12,100,000. Christian Burgdorf & Austin Smith of Capstone brokered the transaction. Local firm, Renegade Capital, purchased the properties from a local family that had owned the buildings since construction. The buildings were constructed in...

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...

Capstone Brokers $24.25M Multifamily Sale in Wichita, KS

WICHITA, KS — Capstone Companies has successfully facilitated the $24.25M sale of Fox Run in Wichita, Kansas. The garden-style community was constructed in 1978 and is comprised of 336 units across 15.81 acres. Fox Run has a mix of studio, one-, and two-bedroom floorplans as well as a robust amenity package. Previous ownership had been in place for many years prior to the sale, resulting in Fox Run being...

Capstone Brokers $16.25M Sale of Apartment Community in Oklahoma

OKLAHOMA CITY, OK — Capstone Companies has successfully facilitated the $16,250,000 sale of Almonte Apartments, a 288-unit garden-style apartment community in Oklahoma City, OK. The property, built in 1983, has been extremely well-maintained and recently underwent significant capital expenditures. Previous ownership had been in place at Almonte for over 17 years prior to the sale. The Capstone...

Midwest 2023 Mid-Year Market Report

Capstone is pleased to share our 2023 mid-year market report for MSAs in Ohio and Indiana. The content of the report looks at each metro’s employment trends, economic development, multifamily data, and key metrics that affect the multi-family sector in these growing regions. For more information, please contact a member of our Midwest brokerage team: Stash Geleszinski Nathan Murphy Sherief...

Capstone Brokers 217-Unit Multifamily Sale in Oklahoma City, OK

OKLAHOMA CITY, OK — Capstone Companies has facilitated the successful sale of Bethany Square, located in Bethany, OK. This rare, distressed garden-style property in the Oklahoma City MSA is comprised of 217 units on 10 acres and was constructed in 1976. Bethany Square is comprised of one-, two-, and three-bedroom units. The Capstone transaction team was led by David Dirkschneider, William Forrest,...

Capstone Brokers $7M+ Multifamily Sale in Oklahoma City, OK

OKLAHOMA CITY, OK — Capstone Companies has facilitated the successful $7,176,500 sale of Villas on 50th: a 114-unit garden-style apartment community constructed in 1969 and renovated in 1997. This 4.06-acre community offers spacious floorplans and high-end finishes in select units and is located in growing Oklahoma City, OK. The property is within walking distance to the largest Oklahoma-owned...

Capstone Brokers $11.575M Sale of Oklahoma Build-For-Rent Duplex Community

OKLAHOMA CITY, OK — Capstone Companies has facilitated the successful $11,575,000 sale of Chisholm Creek Duplexes: a 60-unit build-for-rent duplex community currently under construction in Oklahoma City. The high-quality, new construction build-for-rent asset is a proven concept in the market and is located in an unrivaled location in an employment-rich area with great connectivity to major...

Multi-Family News Run Down 08/03/2023

This edition will delve into the challenges facing multifamily investors amidst tightening lending conditions and volatile capital markets. While the fundamentals in major Sun Belt cities remain strong, multifamily investors and developers nationwide need help to secure loans due to rising interest rates and tightening lending standards. Bank deposits remain stable, but increasing caution in the commercial...

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