Capstone
Apartment Partners is pleased to present The Coves: a 142-unit apartment
community in Jackson, Tennessee. Current
ownership has completed extensive renovations throughout the property
encompassing 89% of the units with a substantial interior scope of work as well
as addressing exterior deferred maintenance. The property is unmatched in its
direct accessibility to Interstate 40 as well as its immediate proximity to the
area’s largest employers and demand drivers. The Coves is well positioned for
near-term rent growth and stable occupancy as no new supply has been delivered
since 2014. With proven rent premiums, and a value-add initiative to complete,
the asset is poised to capitalize on the impressive investment fundamentals of
Jackson.
Opportunity
to Complete Renovations with Proven Rent Premiums
Abundance
of Proximate Retail & Economic Drivers