Capstone Real Estate Investments, LLC creates value by strategically acquiring, efficiently renovating, creatively repositioning, and aggressively managing properties that are in close proximity to major universities and that present opportunities for operational, physical and/or functional improvement. These means of value creation must enhance our residents' living experience as well as increase the physical and operational sustainability of each property in order to create a long term competitive advantage within each market. This mission is accomplished with the highest level of integrity by intelligent, hard-working, and creative employees who accept nothing less than excellence.
External link for Capstone Real Estate Investments, LLC
402 Office Park Drive
Suite 150
Birmingham, AL 35223, US
Move-in days across our student portfolio have been very demure, very mindful, very cutesy ❤️ Welcome home to our new residents! We’re so happy you’re here!🤠 #ThisAintOurFirstRodeo #CountryRoadsTakeMeHome #YeeHaw #Demure #StudentHousing #moveinday #CREIManagement
CREI Management has welcomed a few new faces! We are excited to introduce Tia, Sam and Tami! Check out their fun facts: ⭐ Tia is married to her high school sweetheart, has 3 dogs and a cat, and loves to golf. ⭐ Sam has lived in Indy for 2 years and loves to spend time in nature with his dog named Theia. ⭐ Tami has been the owner of a cake business for over a decade! Please join us in welcoming these three to our team of talented Community Managers! #CREIManagement #StudentHousing #Multifamily #propertymanagement #capstonerealestateinvestments #welcometotheteam
Last week, members from our CREI Management team headed to Las Vegas for Entrata's Base Camp & California for Multifamily Social Media Summit! Reflecting on a week filled with invaluable experiences – from insightful sessions to expanding our network with productive partnerships, every moment was a step forward in our journey of learning, growing, and connecting. Grateful for the opportunities that fuel our progress. #CREIGlobeTrotting #CREIManagment #EntrataBaseCamp #MultifamilySMS #FromConferencesToConnections
This past Saturday, our Corporate team brought the heat to The Exceptional Foundation's 20th Annual Chili Cook-off, one of Birmingham’s favorite annual fundraisers. The Chili Cook-Off is a family-friendly event, featuring live music, a kids zone, beverages, and all the chili you can eat. Proceeds directly benefit The Exceptional Foundation’s programs for adults and youth with intellectual disabilities. While our CREI Chili Madness team did not score the winning prize, our smoked brisket chili, cooked by our Asset Manager, Trip Reed, was still a hit! We had a great time connecting with over 100 of Birmingham’s local businesses and getting to know our community. A big thank to you to The Exceptional Foundation for letting us participate and we hope next year our chili will be a slam dunk! #CREIChiliMadness #AnnualChiliCookoff #BirminghamChiliCookoff #CREIManagement #ExceptionalFoundation
As 2023 concluded, it’s time to reflect on our 12th year of operations at Capstone Real Estate Investments, LLC. We are proud to say that in 2023 we experienced record leasing activity across our 25 communities! In April 2023, we restructured the operating entities associated with Capstone Real Estate Investment, LLC to operate as three distinct entities. Our property management activities were transitioned to CREI Management, LLC, our construction and in-house general contracting activities are performed by CollegeTown Construction, Inc. and our development and investment group will remain Capstone Real Estate Investments, LLC. While this restructuring has no bearing on our operations or strategic direction, it allows us to logically compartmentalize each business within our organization. We began the year with a large amount of construction and development activity driven by 2022’s acquisitions. Our construction team, CollegeTown Construction Inc., successfully completed the renovations of five properties including Landmark Apartments in Murfreesboro, TN, The Flatts in Starkville, MS, 514 Jackson Condominiums in Oxford, MS, The Preserve at Murfreesboro in Murfreesboro, TN, and Ralston Apartments in Indianapolis, IN. Additionally, we started unit conversions on two acquisitions, Seaglass Apartments in Corpus Christi, TX and Theater Street Apartments & Condominiums in Lafayette, LA. We acquired Axis Student Living in Lafayette, LA, which we have rebranded to Theater Street Apartments & Condominiums. This unique student housing opportunity encompassed 144 units at closing and will be repositioned to include a combination of one-, two-, and three-bedroom floorplans. Our property management division, CREI Management, LLC, had another successful student lease-up for the 2023-24 academic year achieving 98.0% leased at the end of the leasing season and is currently almost 50% preleased for the 2024-25 academic year! We are strong believers in promoting from within and encouraging our talent to grow. In 2023, we had 13 part-time Marketing Assistants transition to full-time positions and start their professional careers with CREI Management, LLC. An additional 12 associates were promoted to positions with increasing responsibilities within the management group, while one team member moved to the construction group to better align with their long-term goals. While we may not be the largest student housing or multifamily operator, we strive to be the best. And none of this could have been completed without our wonderful team members. We look forward to our continued growth and another strong year as we move into 2024. 🎉
CREI's 2023 Manager's Summit in Chattanooga, TN was one for the books! We enjoyed a fun week filled with training, networking, celebrating our award winners and exploring the scenic city with the best managers in the industry. Congratulations to all our winners, and big shoutout to Rachel Zaunbrecher, from The Quarters for receiving Community Manager of the Year!