In the current economic landscape, multi-family investors are grappling with tightening credit standards and weaker loan demand due to the Federal Reserve's interest-rate hike campaign. These trends will likely persist throughout 2023 as banks foresee further tightening lending standards. While these credit conditions raise concerns about a potential economic slowdown, the multi-family market remains...
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...
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...
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...
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,...
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...
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...
NASHVILLE, TN — Capstone Companies has brokered the sale of The Wallace Studios, a motel conversion project located at 97 Wallace Road in Nashville, to AGB Real Estate and its partners. AGB Real Estate, in partnership with SL Cap and RBSR, LLC, celebrates their fourth motel conversion project together. Founded by local developer Adam Rosenberg, AGB Real Estate has gained a reputation for taking...
Capstone is pleased to share our 2023 mid-year market report for MSAs in Oklahoma, Arkansas, and Kansas. 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 South Central brokerage team: David Dirkschneider...
LAKELAND, FL—Capstone Companies has brokered the $8.6M off-market sale of a multifamily development project along Airport Rd in Lakeland, FL. The shovel-ready, 29.3-acre site is slated for 300 multifamily units and was sold by Lindell Investments to Village Capital Corporation, an affiliate of the Pedcor Companies. The Pedcor Companies have been in the business of multifamily development, construction,...
NASHVILLE, TN—Capstone Companies has brokered the $4,150,000 sale of a multifamily development project in Nashville, TN. The 8.76-acre site is located at 839 West Trinity Lane and will be the future site of 79 three-story, Class A townhomes. The property, which is set some 180 feet above the Cumberland, will overlook the river with unparalleled views of Downtown Nashville and feature 3-bedroom and...
NASHVILLE, TN — Capstone Companies has brokered the $12.05M off-market sale of Red Lion Inn & Suites: a 120-unit motel conversion project located at 2425 Atrium Way in Nashville, TN. Capstone Senior Advisor, Austin Heithcock, Capstone Partner, Adam Klenk, and Investment Sales Advisors, Jordan Arand and Josh White facilitated the sale between Focus Hospitality III, the seller, and Creative...
