The Overlook at River Place Luxury Waterfront Condos 45+ units remaining

Highlights:

• Flexible Acquisition Options: Available as individual condos, multi-unit packages, or the complete remaining portfolio.
• Prime Cape Fear Riverfront Location: Trophy real estate positioned directly on the Cape Fear Riverwalk in downtown Wilmington.
• Diverse Floorplan Selection: Mix of Studio, 1-Bedroom, and 2-Bedroom layouts featuring unobstructed Cape Fear River or downtown skyline views.
• Developer Incentives Included: First-year HOA fee waivers and preferred local bank financing structures available to optimize net cash flow.
• Stabilized Income & Turnkey Operations

Description:

The Capstone Group is pleased to present Luxury condo residences at The Overlook at River Place, downtown Wilmington’s premier waterfront residential high-rise. Out of nearly 80 total residences in the development, about 1/3rd have been sold, leaving a highly versatile portfolio opportunity for individual buyers, private equity, and institutional investors.

Acquisition Flexibility:
Including:
- Individual turn-key rental condos or residence packages
- Multi-unit income blocks or single allocations
- The remaining portfolio for bulk purchase

Asset & Operational Overview:
- Unit Mix: Studio, 1-Bedroom, and 2-Bedroom luxury floorplans.
- Views: Dual aspect options including panoramic Cape Fear River views and vibrant downtown Wilmington cityscapes.
- Income & Occupancy: Currently features multiple active units available for immediate occupancy or custom tenant placement, with remaining units leased and generating immediate cash flow.
- Professional Management: Currently fully managed by Greystar, providing institutional-level asset management, or option to utilize local in-house management via The Capstone Group at competitive rates.

Incentives & Financial Performance:
Investors benefit from a 1st-year developer incentive , driving initial Net Cap Rates significantly higher than traditional coastal metro standards. Preferred financing arrangements are available through North State Bank for streamlined underwriting.

Brokerage Representation & Co-Brokerage:
A 2.5% Buyer Agent Commission (BAC) / Co-Broker Fee is offered to procuring brokerages for represented buyer or syndicate allocations. Full pro forma financial models, rent rolls, floorplans, and private tour scheduling are available upon request through The Capstone Group.

Financial Disclaimer:
All financial information, pro forma estimates, capitalization rates, projected operating expenses, and rental income figures provided herein are for informational and illustrative purposes only and do not constitute a warranty, guarantee, or representation of actual or future financial performance. Prospective purchasers are strongly advised to perform their own independent due diligence, audit rent rolls and historical operating records, verify local tax rates and HOA assessments, and consult with qualified legal, tax, and financial advisors prior to executing a binding agreement.