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Capstone Apartment Partners is pleased to present Stone Gables: a 192-unit 2013 vintage apartment community in Raeford, North Carolina. With limited to no deferred maintenance, Stone Gables is ideally positioned to implement a luxury value-add program and achieve significant market-supported premiums. The asset is surrounded by some of the region's most prolific employers, such as Fort Bragg, and is proximate to multiple Class-A retail and amenity options for residents to enjoy. Additionally, the Property is situated in one of the top submarkets in the state of North Carolina for multi-family fundamentals and demographics, with a robust 12%+ rent growth year over year. Stone Gables presents investors with a premier investment opportunity with an excellent location, positive multi-family fundamentals, and a significant value-add opportunity.

• Multiple Value-Add Strategies and Opportunity to Submeter
• Highly Visible on Amenity-Rich U.S. 401 (Lowe’s, Walmart, etc.)
• Located Within Medical Corridor –Hoke Hospital, FirstHealth Moore Regional Hospital, and VA Healthcare Center
• Strong Market Fundamentals With Minimal New Supply Competition