Capstone is pleased to present the Tannery Mills Development Site, a ±10.23-acre, zoned and entitled site located in Winston-Salem, North Carolina that is approved for up to 180 units of high-quality, garden-style apartment. This development site in Winston-Salem presents developers with the opportunity to acquire a fully approved site in one of the fastest-growing submarkets in the Triad MSA. Tannery Mills will allow buyers to capitalize on the consistent population growth as well as the 27%+ increase in rent seen in Winston-Salem over the past 36 months once construction is complete. The development site is located within proximity to all major employers, retailers, commercial services, and higher education in Winston-Salem. The site sits along Indiana Avenue, giving future residents easy access to demand drivers and major thoroughfares across Winston-Salem. Future residents will reach Wake Forest University within 6 minutes by car. Additionally, the site is surrounded by major grocery stores and retail shopping centers. Major grocery stores include Harris Teeter, Lowes Foods, and Target. Residents will also find major retail shopping centers such as Oak Summit Shopping Center to be only a quick 7-minute drive away.

• Streamlined Development Process with Zoning and Entitlement In-Place
• Strong, Growing Market with Ongoing Investment and Development
• Minutes Away from Top-Ranked Higher Education
• Conveniently Located Near Major Groceries and Retail