Capstone Real Estate Investments, LLC (“CREI”) and its affiliates employ over 240 team members either based at its headquarters in Birmingham, AL or at one of its owned or managed properties.
CREI is a real estate investment company offering a vertically integrated set of specialties, including real estate investment, acquisitions, redevelopment, finance, accounting, construction, property management, and graphic design. Our team has been especially active in markets like Birmingham, AL, where student housing development is creating new opportunities to build long-term value. Every team member plays an integral role in our mission to create sustainable competitive advantages at each property we own or manage.
If you have further questions regarding our investment model or operations, please visit our Frequently Asked Questions page.
We seek to deploy capital through our student housing and conventional multifamily housing strategies across the United States. CREI, as a real estate investment company based in Birmingham, AL, considers any type of acquisition, whether it be core, value-add, distressed, bank foreclosure, as well as note purchases.
Capstone Real Estate Investments, LLC currently owns and/or operates 21 assets and serves more than 19 university markets spread across Alabama, Arkansas, Florida, Illinois, Indiana, Louisiana, Maryland, Mississippi, Ohio, Tennessee and Texas.
CREI’s unique approach to property management in Birmingham, AL allows us to acquire and reposition a wide range of asset types, including garden-style, midrise, cottage, mixed-use, fractured condominium, hotel, and office properties.
The Preserve Tuscaloosa is a 1993-vintage, purpose-built student housing property serving the University of Alabama market. At acquisition, the garden-style property encompassed 680-beds with two- and four-bedroom floorplans. CREI’s renovations included a full reconfiguration of unit interiors to develop new floorplan types, comprehensive common area upgrades, and new amenities. CREI completed renovations and delivered the repositioned asset in Fall 2021.
The Flatts Starkville is a 2015-vintage, purpose-built student housing property serving the Mississippi State University market. At acquisition, the garden-style property encompassed 536-beds with two-, three- and four-bedroom floorplans. CREI’s renovations included creating new floorplans, transformation of unit interiors and common areas, and refreshed amenities. CREI completed renovations and delivered the repositioned property in Fall 2023.
Standard On Main is a 2009-vintage, 236-unit conventional multi-family property in Akron, OH. At acquisition, the midrise property was positioned as off-campus student housing serving the University of Akron market, with floorplans ranging from one-bedroom to four-bedroom apartments. CREI’s renovations included delivery of new floorplans, unit interior upgrades, and common area and amenity refreshes. The repositioned and re-branded asset delivered in Spring 2023.
