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

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.

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

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

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

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

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

TOLEDO, OH
Units: 173 units
Beds: 301 beds
Acquired: May 2014
Renovations Completed: 2015
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

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

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.

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

HATTIESBURG, MS

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

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

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.

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

STARKVILLE, MS
Units: 338 units
Beds: 484 beds
Acquired: December 2019
Renovations Completed: 2021
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.

Louisville, KY
Units: 384 units
Beds: 524 beds
Acquired: February 2019
Renovations Completed: 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.

AKRON, OH
Units: 142 units
Beds: 471 beds
Acquired: August 20, 2020
Located: Near The University of Akron
Renovations Include: Bifurcation and renovation of existing floor plans, new flooring and fixtures, other interior upgrades, building exterior painting and clubhouse updates.

Tuscaloosa, AL
Units: 338 units
Beds: 484 beds
Acquired: December 2019
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.

Murfreesboro, TN
Units: 180 units
Beds: 648 beds
Acquired: October 2020
Renovation Completion Date: 2022
Located: Near Middle Tennessee State University
Renovations Include: Bifurcation and renovation of existing floor plans, new flooring and fixtures, other interior upgrades, building exterior painting and clubhouse remodel.

Murfreesboro, TN
Units: 216 units
Beds: 756 beds
Acquired: April 2021
Renovation Completion Date: 2023
Located: Near Middle Tennessee State University
Renovations Include: Bifurcation and renovation of existing floor plans, new flooring and fixtures, other interior upgrades, building exterior painting and clubhouse remodel.

INDIANAPOLIS, IN
Units: 260 units
Acquired: April 2022
Located: Indiana University – Purdue University Indianapolis (IUPUI)
Renovations Include: Interior updates of existing floor plans

Oxford, MS
Units: 68 units
Beds: 224 beds
Acquired: October 2022
Located: The University of Mississippi
Renovations Include: Upgrades to all units including the conversion of all 4-bedroom apartments into new 3-bedroom units with large master suites, hallway and common area upgrades including new lounge.

Corpus Christi, TX
Units: 102 units
Beds: 336 beds
Acquired: November 2022
Located: Near Texas A&M University-Corpus Christi
Renovations Include: Bifurcation and renovation of existing floor plans, building exterior painting, landscaping and amenity area improvements, new office and maintenance building..

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.

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

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

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

TALLAHASSEE, FL
Units: 225
Beds: 752
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

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

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

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

Sold: August 2016

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

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.

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.

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.

LEXINGTON, KY
Units: 182 units
Beds: 676 beds
Acquired: June 2020
Renovations Completion: December 2021
Located: 1 mile from University of Kentucky
Renovations Include: Bifurcation and renovation of existing floor plans, new flooring and fixtures, other interior upgrades, building exterior painting and clubhouse remodel.

STILLWATER, OK
Units: 77 units
Acquired: July 2021
Renovation Completion Date: 2022
Located: Near Oklahoma State University
Renovations Include: Interior updates of existing floor plans and building maintenance