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OCALA, FL — Kevan Enger and Deucie Bies of Capstone Manufactured Housing represented the seller of Cliftwood Mobile Home and RV Park. A private investor sold the 104-lot asset to Summit Communities for $2.64 million, or $25,385 per lot, on December 9, 2015. Summit Communities has been one of the most active investors in Florida within the manufactured housing sector. The purchase of Cliftwood MHP represents Capstone’s second successful transaction with Summit Communities in 2015.

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Capstone Closes $16.9 Million Sale of 299-Unit Apartment Community in Greensboro, NC

Capstone Apartment Partners has closed the $16.9 million sale of Brannon Park: a 299-unit garden-style apartment community in the Northeast Greensboro submarket, situated within one mile of two grocery stores, several restaurants, and retail outlets. The tree-lined property sits on nearly 24 acres, with 13 three-story apartment buildings nestled around a small lake.

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