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SANFORD, FL — Jad Richa, Brian Hunsicker, and Deucie Bies of Capstone Apartment Partners brokered the sale of Aqua Links apartments on January 4, 2016. With an occupancy rate of 99% at the time of sale, the asset was purchased by a private group based in South Florida for $8.4 million, or $60,000 per unit. A private group based out of New York who sold the property had invested approximately $1 million in renovations. The buyer plans to finish renovating the remaining units that have not been fully upgraded and implement a rental increase. Capstone Apartment Partners has successfully sold Aqua Links twice in the past 16 months.

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Capstone Brokers Opportunity Zone Development Site in Charlotte, North Carolina

CHARLOTTE, NC Vision Ventures announced it has completed the sale of an approximately 12-acre, fully entitled, multi-family development site located within an Opportunity Zone in Charlotte, North Carolina. The site is located less than one mile from the city’s Central Business District at W 26th Street and Catalina Avenue. Capstone Land Sales brokered the transaction […]

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