Castle Apartments

Castle Apartments is a quad-apartment community located in the Tallahassee, FL MSA.  Tallahassee ranked as a top 20 MSA for growth by Crescent Sky’s proprietary model at the time of acquisition. The investment was financed with a combination of agency and non-agency debt.

Unit exteriors are very well maintained while interiors were somewhat dated but in very good condition,  allowing for a modernization program. Crescent Sky took over management of the property and hired both a local Management company along with the previous on-site property manager to ensure continuity.

Location: Tallahassee, FL


​Business Plan: Value add, bring rents to market levels


​Investment Type:  Equity


​Property Type: Garden Style Apartments


Buildings: 30

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