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Capstone Apartment Partners is pleased to present Lofts at Randall, a 216-bed, 54-unit student housing asset located 0.5 miles to the University of North Carolina at Wilmington (UNCW), home to 14,570 students. Lofts at Randall represents an excellent opportunity to acquire the newest luxury Class A student asset at UNCW. Lofts at Randall offers 4 bedroom/4 bathroom floorplans appealing to today’s modern college student with only one true rental competitor in the immediate area.

Completed in July of 2015, Lofts at Randall is Wilmington’s newest student housing community, ready to excite and delight new residents with impressive tenant amenities and highly appointed resident living quarters. At just 0.5 miles to campus, student residents have their choice of multiple convenient commuting options. Should students choose not to walk or bike to class, they have their choice of three different campus bus shuttle lines with stops within one tenth of a mile of Lofts at Randall. With first class amenities such as a leisurely resort style pool with stylized fabric awnings and a grilling/picnic pavilion, 24-hour fitness center with security access, full-size free tanning bed, and a 50” flat screen TV in every unit, this community will be the first choice on student’s off-campus housing wish list. Additionally, Lofts at Randall is positioned to capitalize on the minimal student housing development pipeline of future planned or under construction units. Lofts at Randall possesses all the key attributes to be the premier student housing community of choice for UNCW students.

Asset Highlights

  • Newest Luxury Class A Asset at UNC Wilmington
  • Uniquely Positioned Asset Offering 4-Bedroom Units
  • Tremendous Lease-Up Velocity
  • Effective Rent Growth throughout Lease-Up
  • Timeless, Walkable Location 0.5 Miles to Campus
  • UNC Wilmington Enrollment Trending Upward for 10+ Years

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Recent Capstone Closing: 2015 Garden-Style, 249 Units in Burlington, NC

Capstone recently facilitated the sale of Retreat at the Park: a 2015 garden-style asset situated between the Research Triangle and NC Triad. This 249-unit asset is located in Burlington, NC and was approximately 98% occupied at the time of closing. The transaction was led by Capstone’s Caleb Troop, Ron Corrao, and Alex McDermott.

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Apr

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