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Capstone Apartment Partners is pleased to present Declan Square Apartments: a 99-unit apartment community in the centrally located Mt. Airy neighborhood of Cincinnati, Ohio. Current ownership has invested nearly $1.2 million to cure deferred maintenance as well as remodeling nearly every unit at the property. Given the significant capital expenditures already completed at Declan Square, an incoming investor has the exciting opportunity to build on these improvements by streamlining operations, stabilizing occupancy, and completing the renovation process of 5 remaining down units—all while enjoying the strong in-place cash flow Declan Square currently offers. In addition, the property is centrally located near thriving employment centers within the strong Cincinnati multi-family market.

 

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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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Nov

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