Capstone Real Estate Investments, LLC (“CREI”) is always actively looking for opportunities to deploy capital on assets across the United States, including student housing acquisition and investment
As real estate investors in Birmingham, CREI possesses three attributes that make us uniquely positioned for student housing acquisitions and set us apart from other buyers in the industry:
CREI is one of the few internally capitalized companies in the student housing space. As a result, we are not subject to restrictive buying criteria or any formal approval process like most of the institutional investors in our industry. This enhanced autonomy and flexibility enables CREI to:
As a company on the cutting edge of student housing investment CREI is vertically integrated with internal divisions for real estate acquisitions, development, finance, construction, marketing as well as property and asset management. These “in-house” capabilities coupled with being internally capitalized have enabled CREI to develop an incredibly efficient end-to-end process. This not only allows CREI to act more quickly and decisively but, more importantly, bolsters our confidence in the property valuations that we present to sellers.
CREI strongly believes that acquiring and repositioning underperforming assets is an art form, not a science. Understanding that every market and asset has a unique “story”, CREI excels at determining how an underperforming property can be efficiently transformed to meet its full economic potential. This “outside the box” approach enables CREI to place higher values on struggling assets than traditional market valuation methods.
CREI’s unique real estate investment approach in Birmingham enables us to acquire and reposition a wide variety of asset types, including garden-style, midrise, cottage, mixed-use, fractured condominium, hotel, and office.
As a growing organization seeking to build our team, we are looking for talented candidates who are hard-working, resourceful, reliable, professional and dedicated to the highest standards of excellence.
View job openings here.
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.
