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Capstone Apartment Partners is pleased to offer the opportunity to acquire Arcadian Village: a 348-unit townhome and garden-style apartment community located in Charlotte’s next transit-oriented neighborhood.

Arcadian Village offers an extremely well-maintained asset that has benefitted from significant capex and an in-place value-add program. As a testament to current ownership, the property has maintained an average 97%+ occupancy rate with only 30%± turnover rate since 2013—providing an excellent foundation for new ownership.

With the majority of the heavy lifting complete and a value-add program in place, incoming investors can immediately focus on driving NOI growth on renovated units and enhancing the interior renovations and community features.

 

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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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