In May 2016, Capstone Real Estate Investments (“CREI”) closed on the purchase of High Point Apartments in Tallahassee, FL. The property presented a unique opportunity, as it is adjacent to a current holding – Legacy Suites.
High Point Apartments consists of two buildings with 151 one bedroom apartments. Given that the adjacent Legacy Suites Apartments consists exclusively of two bedroom apartments, we plan to merge the two properties and operate them as one community, branded as Legacy Student Living.
The High Point renovations Include interior unit upgrades such as: new flooring, new cabinets, new granite countertops, new electrical and plumbing fixtures, and new blinds. The exterior of High Point will have new railings, new wooden accents on the stair towers, a new paint scheme, and a renovated pool. Leasing is underway and the renovations are scheduled to be completed by August 2017.
For more information and a look at renovation photos, please visit www.legacystudenthousing.com and click on “Photos”.