Capstone Real Estate Investments, LLC (“CREI”) has recently closed on the sale of two student housing properties. Trifecta Apartments, formerly known as The Arch when purchased in February 2019, underwent a substantial renovation and unit bifurcation, introducing 220 new one-bedroom floor plans into its unit mix to keep up with the demanding market. The 556-bed student community in Louisville, Ky was acquired by Glen Una Management in March 2024.
Additionally, CREI has sold Flatts at South Campus, formerly known as University Trails, a 420-bed student housing property located in Oxford, MS. Trifecta was purchased in September 2017 and CREI immediately invested capital into the community through a property wide renovation and unit conversion plan to include the creation of 120 one-bedroom floor plans and addition of bathrooms to all 4-bedroom, 2-bathroom floor plans, creating bed-to-bath parity positioning the property with a durable competitive advantage in the market. Flatts at South Campus was acquired by North Beacon Capital.
CREI is actively searching for acquisition opportunities. Interested in selling an asset near a major college or university? Contact Stephen Denton, Director of Acquisitions at CREI – [email protected] or 205.949.3849
