Capstone Apartment Partners is pleased to present Nordica
Crest: a 50-unit, 1992-vintage apartment community in Fayetteville, North
Carolina. The asset benefits from a proven value-add program, which will
provide an excellent foundation for new ownership to utilize and take the
property to the next level. 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 asset is
situated in one of the top submarkets for multi-family fundamentals and
demographics, with over 55% of the surrounding area comprised of renters and a
robust 13%+ rent growth year over year. Having a significant value-add
opportunity coupled with an excellent location and positive multi-family
fundamentals, Nordica Crest presents investors a premier investment
opportunity.
Robust Value-Add Opportunity
Strong Market Fundamentals for Multi-Family Housing
Strong Organic Rent Growth in 2021
Excellent Location Proximate to Class A Retail, Amenities,
and Jobs