Through the use of a value-add renovation program and operating expertise built over almost three decades, Capstone Real Estate Investments, LLC repositions existing properties to become attractive, modern student housing communities. We look for opportunities to create more competitive and valuable assets by implementing a host of physical and operational improvements that contribute to a more inviting and vibrant living environment. These improvements often include updated unit interiors, the introduction of new unit and common area amenities, increased unit and building efficiency, and the use of a focused marketing and management strategy that targets students.
An attractive option we offer our university partners is the priority use of the renovated community without university financial or operational commitments. This is another example of Capstone’s innovative approach to addressing the housing needs of our university partners.
Since 2007, we have competed 36 acquisitions and currently have four in various stages of renovation. These projects constitute over $600 million in value and have employed a variety of financial structures including the use of conventional debt and equity, mezzanine financing, and tax-exempt bonds.
Recent examples of Capstone Real Estate Investments’ activities include the acquisition and repositioning of The Preserve Lexington (Lexington, KY) and The Preserve at Tuscaloosa (Tuscaloosa, AL). In January of 2021, Capstone Real Estate Investments made Student Housing Business magazine’s list of Top 25 Owners and Managers. In 2011, University Apartments was awarded a prestigious Multifamily Executive (MFE) Award in the category of “Apartment Renovations.”
Capstone Real Estate Investments creates value by strategically acquiring, efficiently renovating, creatively repositioning, and aggressively managing properties that are in close proximity to major universities and that present opportunities for operational, physical and/or functional improvement. These means of value creation must enhance our residents' living experience as well as increase the physical and operational sustainability of each property in order to create a long term competitive advantage within each market. This mission is accomplished with the highest level of integrity by intelligent, hard-working, and creative employees who accept nothing less than excellence.
CREI employs over 55 professionals who are headquartered in Birmingham, AL and 210 professionals who operate its 24 owned and managed properties. As a vertically integrated company, CREI staff has capabilities that Include development, finance, accounting, construction, property management, graphic design and interior design.