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.  

• Owned by the Original Developer with Effectively Untouched Units
• Majority of Exterior/Amenity CapEx Completed
• 16% Organic Rent Growth in 2021
• Attractive Nearby Retail and Walkable Amenities