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 7 multi-family communities comprised of 1,938 units and 1860 beds within 3 off-campus communities. Capstone Properties has experience managing traditional three-story walk-ups, lofts, lodges, cottage communities and mid/high-rise communities, as well as services for third-party owners.


Beds Managed

Units Managed

Gross Rental Revenue

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)
  • Premiere Lofts at Trilith (Fayetteville, GA)
  • Legacy on Rio (Austin, TX)
  • Valentine Commons (Raleigh, NC)
  • 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)
  • The Cottages at Old Monrovia (Huntsville, AL)
  • The Junction Cottages & Townhomes (College Station, TX)