Capstone Real Estate Investments, LLC (CREI) is pleased to announce the successful sales of two student housing communities: Raiders Walk in Lubbock, Texas, and The Cardinal at West Center in Fayetteville, Arkansas.
Raiders Walk – Lubbock, TX
In late October, CREI completed the sale of Raiders Walk Apartments, a 276-bed community serving students at Texas Tech University. Originally acquired as Sierra Crossing in 2013, the property underwent a comprehensive renovation during the 2013–2014 academic year.
Upgrades included new flooring, kitchen countertops, appliances, plumbing and electrical fixtures, and interior paint throughout. Each unit was also equipped with in-unit washer/dryers, replacing common laundry facilities. The community’s common areas were revitalized with a new fitness center, business center, enhanced clubhouse, refreshed landscaping, and an updated exterior color scheme.
Thanks to the dedication of the CREI team and a strategic repositioning effort, Raiders Walk became a sought-after option for students seeking modern one- and two-bedroom accommodations within walking distance of the Texas Tech campus.
The Cardinal at West Center – Fayetteville, AR
Also in October, The Cardinal at West Center, a 471-bed property serving students at the University of Arkansas, was sold. While CREI did not hold ownership in The Cardinal, CREI-Management, LLC proudly managed the community since its delivery by Capstone Development Partners in 2014.
Located steps from campus and the vibrant Dickson Street entertainment district, The Cardinal offered residents premium amenities including structured parking, a fitness center, pool, clubhouse, rooftop study lounges, and a business center. Over the past decade, the University of Arkansas entered into three separate master leases for units at The Cardinal—demonstrating both the enduring appeal of the property and the excellence of CREI’s management team.
CREI extends its gratitude to all members of our development, construction, property management, and administrative teams for their commitment and expertise—both in facilitating these successful transactions and in managing these exceptional assets over the past decade.
