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Florida & Gulf Coast  + Gulf Coast  + Finance  | 
Capstone Equity Solutions has completed a $18.5-million equity raise to support Madison at Owl’s Head apartments in Freeport, FL.

Capstone Equity Solutions Raises $19M in Preferred Equity for Freeport Multifamily

Capstone Equity Solutions has completed a $18.5-million preferred equity raise to support the development of Madison at Owl’s Head, a to-be-built, 300-unit apartment community situated in the Owl’s Head master-planned community in the FL Panhandle city of Freeport.

Bryse Toothaker and Charlie Rimkus of Capstone sourced the investment on behalf of the sponsor and developer, Valdosta, GA-based Ambling Property Investments.

 “The tremendous in-migration in the Florida Panhandle has led to high demand for quality housing, rapid rent growth, and overall strong fundamentals,” said Toothaker. “We were excited to see the amount of interest we received from a wide array of investor groups.” The Owl’s Head community is situated on 1,000 acres on either side of US Highway 331 and is proximate to schools, shopping and dining in the immediate area. The community is also surrounded the Nokuse Preservation and Eglin Airforce Base, which act as strong barriers to entry for future multifamily development.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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