Capstone Apartment Partners is pleased to present The
Heights at McArthur Park: a 288-unit, 2009/2011 vintage apartment community in
Fayetteville, North Carolina. Owned by the original developer, the property has
been exceptionally well-maintained with targeted CapEx over the last couple of
years. With effectively untouched interior units, The Heights at McArthur Park
is ideally positioned to implement a luxury value-add program and achieve
significant, market supported premiums. The asset is surrounded by some of the
region’s most prolific employers, such as Fort Bragg and is proximate to
multiple class-a retail and amenity options for residents to enjoy.
Additionally, the property is situated in one of the top submarkets for
multi-family fundamentals and demographics, with over 50% of the surrounding
area comprised of renters and a robust 16%+ rent growth year over year. With an
excellent location, positive multi-family fundamentals, and a significant
value-add opportunity, The Heights at McArthur Park presents investors a
premier investment opportunity.