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...
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, 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...
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...
Asheville, NC—Capstone Companies has assembled the sale of a development project in Asheville, NC. The 16.7-acre, fully entitled site is located at 2177 Brevard Road and is slated for 319 units. The buyer is URS Capital (Managing Partner Chris Urso) partnered with PREG-Advantis and their construction arm; BCC Construction, Inc., a Florida based national Development and construction team led by Richard...
Download Offering Materials: Jessamine at Mooresville Capstone Land Sales is pleased to present the Jessamine at Mooresville Development Site, a ±12.94-acre development site in a booming submarket of Mooresville, North Carolina and the greater Charlotte MSA. Jessamine at Mooresville is located in close proximity to all major employers, retail, and demand drivers in the area. Situated directly...
Greensboro, NC—Capstone Companies has brokered the $9,000,000 sale of a ±13.61-acre development site in Greensboro, NC. The site is located at 829 Guilford College at the intersection of Guilford College Rd and Sapp Rd, directly adjacent to the Target-anchored Wendover Place Mall. The buyer is Raleigh, NC-based HHHunt, who will break ground later this year on a 360-unit, garden-style apartment...
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...
Download Offering Materials: Brookfield at Crowders Mountain Development Site Capstone is pleased to present the Brookfield at Crowders Mountain Development Site, a ±47.59 acre, zoned and entitled site located in Gastonia, North Carolina that is approved for 306 residential units (106 detached | 200 attached). The recently approved re-zoning allows For-Sale and/or For-Rent (BTR) product by-right. The...
Download Offering Materials: The Exchange at Steele Creek Capstone is pleased to present The Exchange at Steele Creek. Construction is complete and the asset is working through final inspections with final C/O expected at the end of April / early May 2023. This garden-style apartment community with Class A finishes is comprised of 36 units consisting of one- and two-bedroom floorplans. Favorable...
