Capstone Buys University Edge Apartments Near University of Southern Mississippi

by Scott Reid

Hattiesburg, Miss. — Capstone Real Estate Investments has purchased the University Edge Apartments, located adjacent to the University of Southern Mississippi campus in Hattiesburg.

The community is being rebranded as Eagle Flatts Apartments in tandem with a renovation that includes unit upgrades, common area improvements, and the conversion of four-bedroom units into one- and two-bedroom units. Upon completion of the renovation in the summer of 2017, the property will have 468 beds with a diverse mix of floor plans. Upgrades to the units will include new appliances, countertops, flooring, fixtures, paint and furniture.

The seller of University Edge is Capital Crossings. BH Management managed the property. Eagle Flatts is CREI’s first acquisition in Mississippi, and the company now has more than 7,300 beds under management. 

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