Capstone Apartment Partners is pleased to present the
opportunity to acquire Nottingham Place, a 96-unit garden-style
apartment complex located in the South Collinwood submarket of Cleveland, OH.
The asset is located within a Qualified Opportunity Zone, which has seen
generous investment in recent years, allowing new ownership to benefit from
ascending economic trends. New ownership will have multiple avenues to increase
EGI immediately upon acquisition, including significant loss-to-lease recapture
and the ability to trade out Section-8 leases to full market rate. The asset
offers investors the unique opportunity to acquire free & clear or with an
assumption of the current loan. As the price of debt continues to rise, this
may be a preferable option.