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Capstone Apartment Partners is pleased to present the Capital Properties Townhome Portfolio in Tallahassee, Florida. The portfolio represents the opportunity to acquire a well-located, newer construction offering with in-place cash flows and upside opportunity through development of the remaining lots. The Capital Properties Townhome Portfolio consists of 4 partially developed townhome communities all within a 5-mile radius of downtown Tallahassee. There is a combined total of 48 existing units with a desirable mix primarily consisting of 3 bedroom units. These spacious floorplans are perfectly suited to fit the predominant Tallahassee demographic: millennials at the average age of 29. The portfolio also provides investors the opportunity to acquire an additional 140 vacant pad sites spread between the four properties.

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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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