acquisitions

$ 1 M
Total Transaction Dev Costs
1
Number of Acquisitions Closed
1 +
Student Beds
1 +
Conventional Units

Acquisitions

Capstone Real Estate Investments (“CREI”) is always actively looking for opportunities to deploy capital on student housing assets across the United States.  

In the highly competitive and growing student housing space, CREI possesses three unique attributes that 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:

  • Consider a broader range of markets and assets,
  • Quickly evaluate properties and prepare aggressive offers for sellers, and 
  • Be much more accommodating to a seller’s unique needs.   

CREI is a vertically integrated company with internal divisions for 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 artform, 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.   

Featured Properties

CREI’s unique approach enables us to acquire and reposition a wide variety of asset types including garden-style, midrise, cottage, mixed-use, fractured condominium, hotel, and office.

The Preserve Tuscaloosa

Tuscaloosa, AL
Student Housing
460 Beds
1 & 2-Bedrooms
Learn more

The Flatts Starkville

Starkville, MS
Student Housing
452 Beds
Studio & 1 - 4-Bedrooms
learn more

Standard on Main

Akron, OH
Conventional Apartments
236 Units
1, 2, & 3-Bedrooms
learn more

General Acquisitions

CREI will consider any student housing asset that meets the following criteria:
  • Preference of 200 or more bedrooms with no maximum.
  • Located near a public or private university or college with 8,000+ enrollment.

CREI has also acquired and will consider other asset-types including fractured condominiums,
hotels, as well as conventional, senior and low-income housing. 
Capstone The Preserve - A picturesque view of The Preserve community.

The Preserve Tuscaloosa

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 Standard Pool - A luxurious pool area at 22 E Exchange, providing a relaxing environment.

The Flatts Starkville

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.

The Standard Leasing Office - Welcoming and professional leasing office at 22 E Exchange.

Standard on Main

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.