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...
OKLAHOMA — Capstone is pleased to announce the newest members of its sales team in Oklahoma: Ryan Gorman, who joins as a Director based in Tulsa, and Dominic Dangora, who takes on the role of Senior Advisor at Capstone's Oklahoma City office. Gorman, a seasoned professional in commercial real estate since 2016, brings a wealth of experience to Capstone's sales team. His impressive career includes a...
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...
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...
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...
Nashville, TN - Capstone brokers Adam Klenk, Austin Heithcock, and Jordan Arand have sold two multi-family properties in Tennessee for a combined total of over $32 million. The properties, The Oaks in Oak Ridge and The Arte in Clarksville, were sold on March 22, 2023, with The Oaks being acquired by Brightstone Capital and The Arte being acquired by Valor Residential. The Oaks, which was sold for $9.9...
CHARLOTTE, NC — Capstone Companies announces the $15,000,000 sale of the Madison Park Apartments: a 132-unit multi-family apartment community constructed in 1980 and located in Shelby, North Carolina. Eric Liebich, Director of Multi-Family Investment Sales, and Ron Corrao, a Partner at Capstone, led the Capstone transaction team. They facilitated an off-market transaction between Southwood Realty, based...
NASHVILLE, TN—Capstone has arranged the $35.5 million sale of The Falls at Mill Creek: a 204-unit apartment community in Nashville, Tennessee. Situated in southeast Nashville, one of the hottest submarkets in the city, The Falls at Mill Creek is exceptionally well-maintained and offers its new owners the opportunity to build upon the property’s success. Capstone represented both the seller, Alexander...
