Capstone Apartment Partners is pleased to present the opportunity to acquire Plantation Place I & Plantation Place II, a 112-unit garden-style apartment community located in Winston-Salem, NC. Plantation Place I (80 units) and Plantation Place II (32 units) are two of the three total properties that make up the Plantation Place Apartments community. With two separate owners agreeing to sell their properties, new ownership can look to purchase a majority stake in the Plantation Place community by acquiring 112 out of the 192 total units on site.
With the opportunity to reunite these assets under one ownership and management, operational economies of scale are present day one to reconfigure trailing cost structures. New ownership will also benefit from the opportunity to implement a large-scale value-add opportunity on an almost untouched asset, desirable floorplans with private entries, and a robust job market in the growing Winston-Salem market.