Silo Ridge at Scotts Hill

Silo Ridge at Scotts Hill

Wilmington, NC
Available
  • Property Type: Apartments
  • Year Built : 2022
  • Property Size: 420,459 SF / 299 Units

Overview

Capstone Apartment Partners is proud to present the forward-purchase opportunity of Silo Ridge at Scotts Hill; a build-for-rent development located adjacent to the Blake Farms Master Planned Development in Wilmington, North Carolina. With construction already underway, this Class A development boasts 299 units that features a mix of single-family homes and townhomes with an ideal location central to retail, entertainment options, high-quality schools, top employers, and the largest hospital in Wilmington. The forward purchase option of Silo Ridge will allow new ownership to acquire the asset at a discount to stabilization, as well as have full control over the lease-up process while the property is delivered over the next 18 months. Additionally, the project is sponsored by McAdams Homes, one of the premier private home builders in Wilmington, ensuring delivery of a high-quality asset that is poised to become the preeminent rental option in Wilmington.

Investment Highlights

  • Home Ownership-Like Luxury Living in a Fully Amenitized Class A Community
  • Experienced Sponsor with a Proven Track Record in the Wilmington Residential Construction Market
  • Opportunity to Purchase at a Discount to Stabilized Value & Nearby For-Sale Home Comps
  • Zoned for Top Rated Public Schools in Pender County

Contact Information

Caleb Troop Director P: 314.607.3481
O: 800.746.3175 ext. 725
caleb@capstone-companies.com
Alex McDermott Partner P: 704.533.4865
O: 800.746.3175 ext. 700
alex@capstone-companies.com
Austin Green Director P: 704.962.7454
O: 800.746.3175 ext. 701
austin@capstone-companies.com
Thomas Colaiezzi Investment Sales Advisor P: 901.603.8590
O: 800.746.3175 ext. 714
tcolaiezzi@capstone-companies.com
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