Management

• Capstone Communities management division, Capstone Properties, LLC., focuses on the leasing and management of both off-campus student housing and conventional multifamily communities across the country. Originally established in 1990, Capstone Properties began as the off-campus management arm of Capstone Development Corp. responsible for operating its University Commons portfolio. The University Commons portfolio, which was sold in 2006, included 13,000 beds within 19 off-campus student housing communities.

From 2007-2011, Capstone Properties served as the management company for all off-campus developments of Capstone Development including its campus edge communities, acquisition & renovation communities, as well as the cottage, lodge & loft communities. In 2012 when Capstone Development was restructured, Capstone Properties became the management division for Capstone Communities. Currently, Capstone Properties provides management services for 6,493 beds within 8 off-campus communities, plus 1 conventional community comprised of 263 units. Capstone Properties has experience managing traditional 3-story walk-ups, loft, lodge, cottage communities as well as services for third-party owners.

Communities Managed

Beds Managed

Units

Gross Rental Revenue

Communities Currently Managed by Capstone Properties

• Premiere Lofts at Trilith (Fayetteville, GA)
• Legacy on Rio (Austin, TX)
• Inspire - Atlanta (Atlanta, GA)
• Inspire on 22nd (Austin, TX)

• Cottage Grove of Gainesville (Gainesville, FL)
• Valentine Commons (Raleigh, NC)
• The Flats on University (Fairfax, VA)
• The Cottages at Old Monrovia (Huntsville, AL)

Communities Previously Managed by Capstone Properties Since 2006

• Creekside of Auburn (Auburn, AL)
• Eagles West Apartments (Auburn, AL)
• The Lofts at City Center (Tuscaloosa, AL)
• Fremont Station (Flagstaff, AZ)
• The Cottages of Tempe (Tempe, AZ)
• The Cadence (Tucson, AZ)
• The Lodges of Colorado Springs (Colorado Springs, CO)
• The Cottages of Fort Collins (Fort Collins, CO)
• The Summit on College (Fort Collins, CO)
• Canopy Apartments (Gainesville, FL)
• The Lofts of Kennesaw (Kennesaw, GA)
• University Village (Carbondale, IL)
• Arlington Cottages & Townhomes (Baton Rouge, LA)
• The Cottages of Baton Rouge (Baton Rouge, LA)
• The Quarters (Lafayette, LA)
• Hannah Lofts & Townhomes (East Lansing, MI)
• The Lodges of East Lansing (East Lansing, MI)
• Grindstone Canyon (Columbia, MO)

• The Cottages of Columbia (Columbia, MO)
• The Cottages of Hattiesburg (Hattiesburg, MS)
• The Cottages of Boone (Boone, NC)
• University Apartments (Chapel Hill, NC)
• University Apartments (Durham, NC)
• University Commons (Durham, NC)
• The Cottages of Durham (Durham, NH)
• The Cottages of New Mexico (Albuquerque, NM)
• University Oaks (Kent, OH)
• Oxford & Miami Commons (Oxford, OH)
• The Cottages of Norman (Norman, OK)
• 13th & Olive (Eugene, OR)
• The Retreat of Clemson (Clemson, SC)
• The Cottages of College Station (College Station, TX)
• Capstone Cottages of Lubbock (Lubbock, TX)
• The Cottages of Lubbock (Lubbock, TX)
• Capstone Cottages of San Marcos (San Marcos, TX)
• The Lofts at Seacrest (Rosemary Beach, FL)