Capstone Apartment Partners is pleased to present Puller
Place, a 240-unit, 2005 vintage apartment community in Jacksonville, North
Carolina. Puller Place presents investors with a well-positioned asset poised
for an ideal value-add opportunity which will take the property to the next
level. Favorable demographics in the Jacksonville market have resulted in rents
rising at a 12.0% annual rate during the first quarter of 2022. Limited new
construction in the Jacksonville market coupled with increasing market
fundamentals has provided the opportunity for assets such as Puller Place to
increase rents markedly through value-add renovations. Having a favorable
location with access to major demand drivers coupled with positive market fundamentals,
Puller Place presents a premier investment opportunity.
Well-Positioned Asset Poised for Value-Add Opportunity
Favorable Market Fundamentals
Proximity to Demand Drivers
Impactful Military Presence Driving Local Economy