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Click Here to View Offering Materials: Jackson Pointe

Capstone Apartment Partners is pleased to present Jackson Pointe Apartments: a 48-unit, townhome-style community located in the popular Highland Springs neighborhood of Richmond, Virginia, which represents a rare opportunity to acquire a highly desirable townhome-style asset in ideal proximity to downtown Richmond. As a result of recent additional capital improvements and the asset’s overall attractiveness, the property has experienced a substantial increase in EGI since implementing a value-add program and is continuing to trend higher. Jackson Pointe still possesses significant upside potential via operational improvements, implementation of a comprehensive utility savings program, and the opportunity to build an additional 70+ units on the property.

Existing Value Propositions
Largest 3-Bedroom Floorplan in Market
Operational Upside Through Water Submetering and Substantial Loss to Lease Recapture
10 Minutes from Richmond International Airport Job Corridor
Ability to Develop Additional 40+ Units

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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.

09

Apr

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