WILMINGTON, N.C. (Feb. 25, 2019) – Monument Capital Management, an A-Rod CORP company and one of the country’s premier fully integrated real estate investment firms, has announced the acquisition of The Pines of Wilmington apartment community in Wilmington, North Carolina. Located at 1002 Mayflower Drive, the garden-style property is comprised of 233 one-, two- and three-bedroom units with balconies and patio areas and spans across 13, two-story buildings. Situated in close proximity to Historic Downtown Wilmington, and both Carolina and Wrightsville Beaches, The Pines of Wilmington is also conveniently located near Wilmington’s shopping and dining destinations. “We are delighted to expand our portfolio with the acquisition of The Pines of Wilmington in North Carolina as we continually seek robust investment opportunities,” said Stuart Zook, Principal of Monument Capital Management. “This acquisition was a strategic decision to acquire an asset in a growing North Carolina market and where we can apply our operational and management acumen to provide our residents with a value-add program and upgraded property.” Monument Capital Management plans to continue to implement its value-add program to upgrade the unit interiors, provide additional amenities and further improve the curb appeal and exterior of the property. The apartment community’s amenities include sparkling pool, playground, Gazebo, tennis court and laundry facilities. Monument Capital Management’s additional asset in North Carolina includes Arcadian Village in Charlotte. For more information about Monument Capital Management, please visit http://mcmgmtllc.com.