Leading Real Estate Company to Own and Operate Residential Community in Gastonia, North Carolina, with Plans to Renovate
DALLAS, Oct. 5, 2022 /PRNewswire-PRWeb/ -- Napali Capital, LLC, a leading Texas-based real estate investment company announces the acquisition of Destination at Union apartment community in Gastonia, North Carolina.
Napali Capital and subsidiary Napali Residential Group will own and operate the 174-unit complex, and plans to invest upwards of $1.7MM in asset improvements. Plans for renovations include upgrading interior units with new appliances, flooring, interior painting, textures and best-in-class countertops. Additionally, improvements will be made to the common areas and exterior buildings, including new resident grilling stations, updated landscaping, upgraded resident storage facilities, and brand new balconies and patios for all units.
The garden-style community features a resort-style pool and sundeck, fitness center, clubhouse and laundry facilities plus on-site maintenance and management.
Located just 30 minutes outside of Charlotte, the community offers residents a superior location with convenient access to Uptown plus many nearby retail, restaurant and entertainment destinations.
"We are pleased to expand our investment portfolio with the addition of the Destination at Union in North Carolina, a strong economic market that continues to grow and presents a number of investment opportunities. We look forward to assuming management and operations immediately to provide best-in-class service and amenities for our residents, and ultimately provide a great return for our partners," said Napali Capital Co-Founder and Managing Partner, Tim Black.
Napali Capital and Napali Residential Group also own and operate The Residences at Belmont, located in Belmont, North Carolina.
Destination at Union is located at 1272 Union Road in Gastonia, North Carolina 29054. For more information about the community, visit the website.
For more information about Napali Capital, visit http://www.napalicap.com.
About Napali Capital:
Napali Capital is a real estate investment company that partners with physicians to increase their wealth beyond traditional investment platforms. The company was founded in 2016 by Tim and Thomas Black MD, brothers with a passion for real estate. Thomas Black is a 13-year veteran, author and physician who was looking for a way to provide passive income for himself and colleagues. Tim Black spent 30 years as an executive in hospitality, operations and real estate development. Working together, they were able to build a brand providing profitable opportunities for investors. Napali Capital works with over 1000 investors in 43 states.
Napali Capital has just under $½ billion under management and was ranked on the Inc. 5000 list of America's Fastest-Growing Private Companies for 2020, 2021 and 2022.
Media Contact
Tanner Culbertson, MCA Group, 1 6202132448, [email protected]
SOURCE Napali Capital
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