Our Communities

Eagles West Apartments

AUBURN, AL
Units: 200 units
Beds: 242 beds
Acquired: March 2008
Renovations Completed: August 2008
Located: 0.1 miles from Auburn University
Renovations Include: in-unit washer/dryer, new flooring and fixtures, new furniture and complete renovation of the clubhouse

The Commons

OXFORD, OH
Units: 184 units
Beds: 458 beds
Acquired: March 2011
Renovations completed: August 2013
Located: 1.5 miles from Miami University
Renovations Include: in-unit washer/dryer, new flooring and interior upgrades. Converting existing units for August 2015.

University Oaks

KENT, OH
Units: 280 units
Beds: 520 beds
Acquired: December 2011
Renovations Completed: August 2013
Located: 0.2 miles from the Kent State University
Renovations Include: build-out of new 7,000 sq ft clubhouse, new flooring and interior upgrades

University Village

CARBONDALE, IL
Units: 269 units
Beds: 656 beds
Acquired: December 2011
Renovations Completed: August 2013
Located: 0.8 miles from Southern Illinois University
Renovations Include: in-unit washer/dryer, new HVAC systems, new flooring and fixtures, new furniture and complete renovation of the clubhouse

University Apartments

DURHAM, NC
Units: 359 units
Beds: 461 beds
Acquired: October 2013
Renovations Completed: August 2010
Located: 0.3 miles from Duke University
Renovations Include: in-unit washer/dryer*, new flooring and interior upgrades

Quantum On West Call

TALLAHASSEE, FL
Units: TBA
Beds: TBA
Commenced Management: April 2017
Construction Completed: August 2018
Located: 0.1 miles from Florida State University
Features Include: in-unit washer/dryers, swimming pool, fitness center, study spaces, access to covered parking

Seminole Flatts

TALLAHASSEE, FL
Units: 192 units
Beds: 216 beds
Acquired: May 2013
Renovations Completed: August 2014
Located: 0.1 miles from Florida State University
Renovations Include: in-unit washer/dryers, new flooring, new appliances and cabinetry, in addition to all new amenities like a 24 hour fitness center, tanning bed and business center

Raiders Walk

LUBBOCK, TX
Units: 196 units
Beds: 276 beds
Acquired: October 2013
Renovations Completed: August 2014
Located: 0.1 miles from Texas Tech University
Renovations Include: in-unit washer/dryers, new flooring and appliances in addition to on-site amenities like a 24 hour fitness center and pet park

University Apartments Chapel Hill

CHAPEL HILL, NC
Units: 153 units
Beds: 153 beds
Acquired: February 2012
Renovations Complete: August 2012
Located: 0.3 miles from University of North Carolina at Chapel Hill
Renovations Include: New flooring, countertops, appliances, fixtures and furniture. Addition of a fitness center.

Legacy Student Living

TALLAHASSEE, FL
Units: 144 units
Beds: 288 beds
Acquired: January 2014
Renovations Completed: August 2014
Located: 0.1 miles from Florida State University
Renovations Include: new leasing office and updated fitness center in addition to the construction of a sky bridge connecting the parking garage

Hawks Landing

OXFORD, OH
Units: 170 units
Beds: 436 beds
Acquired: February 2014
Renovations Completed: August 2017
Located: 1.5 miles from Miami University

University Hills

TOLEDO, OH
Units: 173 units
Beds: 301 beds
Acquired: May 2014
Renovations Completed: Renovations Underway!
Located: 0.1 miles from the University of Toledo
Renovations Include: construction of new units and a leasing center complete with fitness center, computer lab and other amenities

The Cardinal

FAYETTEVILLE, AR
Units: 150
Beds: 471
Commencement of Management Services: September 2014
Located: 0.1 miles from University of Arkansas

University Plaza

DEKALB, IL
Units:322 units
Beds: 496 beds
Acquired:August 2014
Renovations Completed: August 2015
Located: 0.2 miles from Northern Illinois University

Renovations Include: Brand new appliances, kitchen counters and cabinets. Construction of new unit types, additional amenities like bike racks and business center as well as renovation of 4,000 sq ft fitness center.

University Park

GREENVILLE, NC

RENOVATIONS UNDERWAY

Units: 123 units
Beds: 246 beds
Acquired: July 2015
Renovations Completed: August 2016
Located: Less than 0.25 miles from East Carolina University
Renovations Include: build-out of new office/clubhouse, new appliances, new flooring and fixtures, other interior upgrades, addition of pet park

The Cottages Of Hattiesburg

HATTIESBURG, MS

Units: 103 units
Beds: 403 beds
Assumed Management: May 2017
Located: Near the University of Southern Mississippi
Features Include: cottage-style living arrangements with 2, 3, 4 and 5 bedroom cottage options, swimming pool and fitness center

Eagle Flatts

HATTIESBURG, MS

RENOVATIONS UNDERWAY!

Units: 240 units
Beds: 468 beds
Acquired: January 2016
Renovations Completed: August 2017
Located: Less than 0.25 miles from University of Southern Mississippi
Renovations Include: bifurcation of existing floor plan to create 1 and 2 bedroom floor plan options, new appliances, new flooring and fixtures, other interior upgrades, addition of an outdoor fireplace

The Quarters

LAFAYETTE, LA
Units: 205
Beds: 576
Commencement of Management Services: February 2016
Located: just south of the University of Lousiana

Flatts at South Campus

Oxford, MS
Units: 228 units
Beds: 420 beds
Acquired: October 2017
Renovations Completed: Summer 2019
Located: Less than 0.5 miles from University of Mississippi
Renovations Include: Bifurcation of existing floor plan to create more 1 and 2 bedroom floor plan options, new appliances, new flooring and fixtures, other interior upgrades, building exterior painting and clubhouse remodel.

The Flatts Salisbury

SALISBURY, MD
Units: 108
Beds:360
Acquired: December 2018
Renovation Completion Date: Summer 2020
Renovations Include: Bifurcation of existing floor plans creating a mix of 1, 2 and 4 bedroom floor plans. Unit and clubhouse renovation

Trifecta Apartments

Louisville, KY
Units: 384 units
Beds: 524 beds
Acquired: February 2019
Renovations: Completion Date: Summer 2020
Located: Near The University of Louisville
Renovations Include: Bifurcation and renovation of existing floor plans, new flooring and fixtures, other interior upgrades, building exterior painting and clubhouse remodel.

The Preserve at Tuscaloosa

Tuscaloosa, AL
Units: 338 units
Beds: 484 beds
Acquired: December 2019
Renovations: Underway
Located: Near The University of Alabama
Renovations Include: Bifurcation and renovation of existing floor plans, new flooring and fixtures, other interior upgrades, building exterior painting and clubhouse remodel.

Past Communities

Eagles Reserve

Capstone Real Estate Investments LLC (“CREI”) is pleased to announce that they have closed on the sale of Eagles Reserve Apartments in Auburn, AL to a national student housing operator.

CREI purchased Eagles Reserve (formerly known as The Reserve on South College) in summer 2014 and immediately began an extensive renovation, which Included creating bed/bath parity in the four bedroom – 2 bathroom apartment units.

The renovation also Included upgrades to the clubhouse, business center and 24-hour fitness center, resurfacing of the saltwater pool and surrounding sundeck, and the addition of an outdoor fireplace. Other unit interior upgrades Included new appliances, washer/dryers, flooring, fixtures and paint.  Upon renovation, Eagles Reserve totaled 180 units and 576 beds.

These additions and upgrades paired with the communities’ proximity to Auburn University created significant value for CREI while offering an attractive opportunity for another operator to enter the market.

Eagles South

AUBURN, AL
Units: 201 units
Beds: 486 beds
Acquired: October 2012
Renovations Completed: August 2013
Located: 1 mile from Auburn University
Renovations Include: in-unit washer/dryer, new flooring and interior upgrades

ColonyClub

TALLAHASSEE, FL
Units: 170
Beds: 266
Acquired: May 2016
Located: Less than 0.1 mi from Florida State University

Old Taylor Place

OXFORD, MS
Units: 112
Beds: 224
Acquired: April 2016
Located: Less than 0.5 mi from Ole Miss

Sold: August 2016

University Lake

TAMPA, FL
Units: 300 units
Beds: 401 beds
Acquired: October 2012
Renovations Completed: August 2013
Located: 0.8 miles from the University of South Florida
Renovations Include: in-unit washer/dryer, new HVAC systems, new flooring and fixtures, new furniture and complete renovation of the clubhouse

Sold: October 2016

Landmark Apartments - Tuscaloosa

Tuscaloosa, AL
Units: 150 units
Beds: 600 beds
Acquired: January 2018
Renovations: Completion Date: Summer 2019
Located: Near The University of Alabama
Renovations Include: Bifurcation of existing floor plans, new appliances, new flooring and fixtures, other interior upgrades, building exterior painting and clubhouse remodel.

Landmark Apartments - Hattiesburg

Hattiesburg, MS
Units: 150 units
Beds: 600 beds
Acquired: January 2018
Renovations: Completion Date: Summer 2019
Located: Near the University of Southern Mississippi
Renovations Include: Bifurcation of existing floor plans, new appliances, new flooring and fixtures, other interior upgrades, building exterior painting and clubhouse remodel.