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...
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...
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...
CLARKSVILLE, TN — Capstone Companies has brokered the $3.3M sale of Crossland Manor: a 48-unit garden style multifamily apartment community constructed in 2008 and located in Clarksville, Tennessee. Capstone Director, Austin Heithcock, led the Capstone transaction team along with Partner, Adam Klenk, and Investment Sales Advisors, Jordan Arand and Josh White. They facilitated the sale between...
Download Offering Materials: Forty West & Merry Oaks Portfolio Capstone is pleased to present the Forty West & Merry Oaks Portfolio, a combined 38-unit apartment portfolio located near downtown Nashville, TN. Current ownership has renovated over 50% of the units at each property, providing investors the unique opportunity to complete renovations and quickly increase the value of the property....
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...
Download Offering Materials: City View Apartments Development Site Capstone is pleased to present the City View Apartments Development Site, a ±16.26-acre multi-family zoned site in the Loudon County submarket of Knoxville, Tennessee. The development site is well-positioned to serve Class A tenants or an affordable development such as LIHTC. Located just off Highway 321 (20,950 VPD), future residents will...
Download Offering Materials: Henry Flats at Ford BlueOval Capstone is pleased to present the Henry Flats at Ford BlueOval Residential Development Site, an 8.60-acre, fully zoned and entitled parcel located in Brownsville, Tennessee. Henry Flats at Ford BlueOval is approved for a ±94-unit multi-family community with a full amenity set and on-site utilities, including water, sewer, electric, and gas. The...
Download Offering Materials: Maryville Flats Development Site Capstone is pleased to present the Maryville Flats Development Site, a ±8.43-acre development site in Maryville, Tennessee. Maryville Flats has successfully gone through the Board of Zoning Adjustment and has been approved for multi-family zoning at 12 units per acre, totaling ±102 units. The development site is located in close proximity to...
Download Offering Materials: Five-41 Hotel to Multi-Family Conversion Capstone is pleased to present the Five-41 Hotel Conversion, a hotel-to-apartment redevelopment opportunity located in Jackson, TN. The property currently operates as a 129-unit Clarion Inn. The hotel-to-apartment conversion space gives a rare opportunity for developers to reposition an existing asset into a rental apartment community....
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...
Download Offering Materials: Crossland Manor Capstone is pleased to present Crossland Manor, a 48-unit garden-style multi-family asset located in Clarksville, TN. Crossland Manor operates in conformance as a Low-Income Housing Tax Credit (LIHTC) project, limiting all units to 50% or 60% AMI, depending on the unit type. Participation in this affordable program ensures investors are acquiring a high-quality...
