Through the use of a value-add renovation program and operating expertise built over three decades, Capstone Real Estate Investments, LLC repositions existing properties to become attractive, modern student housing and multifamily housing communities. We look for opportunities to create more competitive and valuable assets by implementing a host of physical and operational improvements that contribute to a more inviting and vibrant living environment. These improvements often include an optimized unit mix, updated unit interiors, the introduction of new unit and common area amenities, increased unit and building efficiency, and the use of a focused marketing and management strategy that best positions an asset within its market.
Since 2007, we have completed 38 acquisitions. These projects constitute over $800 million in value and have employed a variety of financial structures including the use of conventional debt and equity, mezzanine financing, and tax-exempt bonds. CREI has executed all forms of debt financing and maintains extensive relationships with a variety of lenders including national and regional banks, agency lenders, and life insurance company lenders.
Recent examples of Capstone Real Estate Investments’ activities include the acquisition and repositioning of Landmark Apartments (Murfreesboro, TN) and The Preserve at Tuscaloosa (Tuscaloosa, AL), and Standard on Main (Akron, OH). In December of 2022, Capstone Real Estate Investments made Student Housing Business magazine’s list of Top 25 Owners and Managers.
Capstone Real Estate Investments creates value by strategically acquiring, efficiently renovating, creatively repositioning, and aggressively managing properties that present opportunities for operational, physical and/or functional improvement. These means of value creation must enhance the market position of each asset, improve the resident living experience as well as increase the physical and operational sustainability of each property in order to create a long term competitive advantage within each market. This mission is accomplished with the highest level of integrity by intelligent, hard-working, and creative employees who accept nothing less than excellence.