Capstone Apartment Partners is pleased to offer the
opportunity to acquire Pullen Station: a 100-unit studio apartment community
ideally located between North Carolina State University and the skyscrapers of
downtown Raleigh. Pullen Station offers a timeless infill location that has
benefited tremendously from the in-place value-add program. As the demand for
lower-cost housing options continues to increase, Pullen Station will be
perfectly positioned and differentiated in the urban core submarket. With the
majority of the heavy lifting complete and a proven interior value-add program
nearly complete, new owners can immediately focus on driving NOI growth
organically on renewals, while renovating the remaining units and improving the
exterior space and amenity options.
A Timeless Infill Location
Unique Floorplans and Differentiated Product
In-Place Value-Add Initiative to Build On
Future Development Covered Land Opportunity
Hotel Conversion/Short Term Rental Opportunity