Real Capital Solutions Purchases Two Luxury Apartment Communities in Williston, North Dakota
Town of Willison is experiencing rapid growth with more jobs,
new international airport coming soon
Real Capital Solutions is proud to announce the purchase of two apartment communities, totaling 742-units located in Williston, North Dakota. Fair Hills Apartments is an 8-building complex of 350 units built in 2015. South Ridge Luxury Apartments is a 6-building complex of 392 units built in 2016. The occupancy of both apartment communities exceeded 93 percent at the time of purchase. The purchase comes with nearly 10 acres of developable land.
The town of Williston has experienced rapid, year-over-year growth in recent years, and was recently recognized as the fastest growing city in America. To meet the expanding population, Williston has recently built a new $70 million Williston High School and the $240 million Williston Basin International Airport is anticipated to be complete in late 2019.
“We are very pleased with the new purchase of these two apartment communities, as we see the supply constrained market meeting with the growing population of Williston,” said Janna Dalton, Multifamily Portfolio Manager at Real Capital Solutions. “We feel a great sense of community at both our new properties, and we are committed to continue to offer the convenience of apartment living with amenities that residents will be able to enjoy year after year,” continued Dalton.
The two apartment communities are located only 2.1 miles apart from each other. South Ridge Luxury Apartments is in walking distance to retail shops such as Menards, Sportsman’s Warehouse, and many restaurants. Both properties will have less than a 15-minute drive to Williston Basin International Airport once it is complete and operational in 2019.
The Fair Hills Apartments offer spacious one, two, or three-bedroom floorplans, nine-foot ceilings, in-home washer and dryers, vinyl wood plank flooring, and kitchens with all major appliances. Some of the on-site amenities include a kid’s playground, and off-leash dog park, on-site maintenance, 24-hour fitness center, and picnic areas with barbeque grills.
The South Ridge Luxury Apartments also offer one, two, or three-bedroom floorplans, with nine-foot ceilings, a breakfast bar, patios and balconies, modern interior finishes, and black appliances. The on-site amenities include a state-of-the-art clubhouse, resident business center, vehicle wash station, indoor playground, and garages available.
For additional information on the apartment communities, please visit the following websites:
About Real Capital Solutions
Real Capital Solutions is a highly entrepreneurial real estate company that invests smart capital and provides practical solutions for real estate opportunities. For over 30 years, RCS has achieved great success investing in entrepreneurial real estate ventures. During that time, the company has purchased and managed more than 365 real estate investments totaling approximately $3.5 billion. Real Capital Solutions’ investment performance is a result of a solutions-oriented approach to property acquisition, development, management and divestiture. RCS will continue to produce exceptional returns for its investors by working with operating partners that share the same entrepreneurial drive and operational precision in order to achieve extraordinary performance. Learn more at https://realcapitalsolutions.com.
Our Mission at Real Capital Solutions includes a strong focus on giving back. Marcel Arsenault, CEO and Founder, and his wife, Cynda Collins Arsenault, have endowed three foundations during the past decade, including the One Earth Future Foundation in Broomfield, Colorado. One Earth Future seeks to develop and operate multi-level, multi-stakeholder engagement to bring empirical solutions to global problems. Learn more at https://oneearthfuture.org/.