Elevate Powell & Broad

Elevate Powell & Broad

Fuquay-varina, NC
Available
  • Property Type: Apartments
  • Year Built : 2021
  • Property Size: 375,228 SF / 384 Units

Overview

Capstone Apartment Partners is pleased to present Elevate Powell & Broad, a 2021 construction, Class A garden-style property located in Fuquay-Varina, North Carolina. With 384 units, the property features luxury Class A finishes and an expansive amenity package, putting it amongst the top rental options in the area. Favorable demographics and population growth in the South Cary/Apex submarket have resulted in rent growth north of 20% in the last twelve months. With nearby proximity to Highway 401 and Highway 55, residents benefit from the convenient access to an abundance of job opportunities and economic demand drivers throughout Fuquay-Varina and the Triangle MSA. Elevate Powell and Broad sits within a few miles of two main retail centers providing direct access to multiple grocers, dining, and shopping options. The favorable location, positive multi-family fundamentals, and some of the top finishes in the market position Elevate Powell & Broad as an excellent investment opportunity. 

Investment Highlights

Class A Asset with Luxury Finishes and Expansive Amenities

Opportunity to Organically Increase Rent

Favorable Renter Demographics in Booming Submarket

Proximity to Demand Drivers

Strong Sponsor with a Long Track Record of Successful Execution   

Contact Information

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
Brian Ford Managing Partner P: 704.962.9462
O: 800.746.3175 ext. 702
brian@capstone-companies.com
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