Capstone Apartment Partners is pleased to present Woodbridge, a 450 unit community located along the Saint Joseph River in northeast Fort Wayne, Indiana. Within 10 minutes of downtown and only five minutes from Purdue University's Fort Wayne campus, Glenbrook Square mall, and Northcrest Shopping Center, Woodbridge enjoys close proximity to all the best employment and entertainment options Fort Wayne has to offer, while providing a serene riverside setting for residents. Previous ownership groups have completed either light or full renovations to slightly over half of the units and now enjoy in-place rent premiums that both help their bottom lines today and prove the market for further upgrades on the remaining units. With no multi-family deliveries scheduled for 2022 and 14% annual rent growth as of 2022 Q1, investors have the opportunity to acquire a well-performing asset with significant upside in one of Indiana’s hottest markets.

Proven Value-Add Opportunities

Extensive Community Amenities

Proximity to Employment & Entertainment

Strong Multi-Family Fundamentals

Fort Wayne Revitalization