Capistrano Real Estate Partners Submit a Deal

Target markets

Markets of interest.

These are markets Cody Leivas and Dan Friess are studying. They are not assets owned. Nothing here is a market study, a rent forecast, or a ranking.

Capistrano Real Estate Partners brings Cody Leivas and Dan Friess together around suburban value-add multifamily opportunities. A loan past its interest-only period, or a maturity that may force a refinance, is one situation they read. Financing is evaluated deal by deal.

Louisville and southern Indiana

Louisville and southern Indiana are markets of interest. Dan Friess is based in San Juan Capistrano, CA. His prior work includes Amherst Place Apartments in Louisville, Kentucky: 84 units, built in 1984, purchased in October 2018 for $8.4 million, approximately $2.5 million of capital improvements, sold in April 2022 for $14.6 million. Rents increased 53%.

That history belongs to Dan Friess. It is not an acquisition of Capistrano Real Estate Partners or Cody Leivas, and it is not a forecast. The photographs are from the January 2020 renovation.

Amherst Place in Louisville, exterior during the January 2020 renovation. Prior experience of Dan Friess.
Amherst Place, Louisville. January 2020 renovation. Prior experience of Dan Friess. Sold April 2022.

Charleston and Greenville

Charleston and Greenville, South Carolina, are markets of interest. No South Carolina acquisition is published on this site.

Des Moines and Ankeny

Des Moines and Ankeny, Iowa, are markets of interest. No Iowa acquisition is published on this site.

Winston-Salem, Cary, and Mooresville

Winston-Salem, Cary, and Mooresville, North Carolina, are markets of interest. No North Carolina acquisition is published on this site.

Chattanooga, Murfreesboro, and Franklin

Chattanooga, Murfreesboro, and Franklin, Tennessee, are markets of interest. No Tennessee acquisition is published on this site.