Capstone Apartment Partners along with Plains Commercial Real Estate is pleased to co-present CaraVita Village, a 166-unit independent living community in Montgomery, Alabama. Constructed in 1997, the asset has been well maintained as current ownership has invested over $1.5 million in capital expenditures to upgrade unit interiors, improve common areas, and address exterior deferred maintenance. Nationwide demand for senior housing has never been stronger as 10,000 baby boomers turn 65 every day, causing a severe supply and demand imbalance. CaraVita Village is poised to benefit from this demographic shift as the property is well situated for the next owner to improve management and operational inefficiencies that will stabilize the property.
- Recent CapEx Completed
- 55+ Trends and Nationwide Demand
- Opportunity to Improve Management Capabilities and Care Enhancement