Capstone Apartment Partners is pleased to present Chatham Pointe and Chatham Lofts—a true Class A institutional quality asset with unrivaled construction quality and substantial operational upside immediately available. Located in the high barrier-to-entry Town of Cary, North Carolina, Chatham Pointe (Ph. I) and Chatham Lofts (Ph. II) are exceptionally located with easy access to the Raleigh-Durham MSA’s main employment nodes, retail, and recreational outlets, including Research Triangle Park, several primary medical installations, Cary Towne Center, Crossroads Plaza, Downtown Raleigh, Durham and Chapel Hill.
With multiple property managers in the past year, one ultra-modern phase of units in lease-up, multiple LOI’s for currently vacant retail space and economic occupancy more than 20% below direct rental competitors—new ownership will have the opportunity, Day 1, to install their management strategy and see dramatic operational improvements. Chatham Pointe and Chatham Lofts is a true Class A Value-add Opportunity of the highest degree.
Immediate Operational Upside
$175,000+ of Retail Income Available
Discount to Replacement Cost
Unrivaled Market Fundamentals in a High Barrier-to-Entry Location
Ideal Proximity to Local Demand Drivers
Robust Economy with Excellent Demographics