Prize MLS CapStack

Active and aspiring apartment investors · 15+ unit multifamily

In single family you wait for the market.
In apartments you create it yourself.

CapStack is for active and aspiring apartment investors acquiring 15+ unit multifamily properties who want a repeatable system for value-add execution, lease optimization, and refinance-driven equity extraction. Prize MLS launches and operates private real estate funds for accredited investors; outcomes depend on realized property performance, financing, and market conditions.

NOI Analysis — free, 24-hour turnaround

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Value is made, not found.

Prize MLS uses CapStack as a repeatable value-add operating system for active and aspiring apartment investors acquiring 15+ unit multifamily properties. It is not a course or a passive market play: the work is targeted improvements, lease optimization, and NOI growth, with refinance-driven equity extraction evaluated when the property's realized performance supports it.

Illustrative Operating Model
Year 1
+$50K NOI
Year 2
+$100K NOI
Year 3
+$150K NOI

Illustrative model only—not a projection or promise. Improvements may build on one another as execution raises NOI; any equity or refinancing outcome depends on realized property performance, financing, and market conditions.

Know where you fit?

Three paths. One platform.

Pick the lane that describes you — the right experience is waiting.

I have a deal to list

Operator, sponsor, or broker with an off-market or value-add opportunity? Choose a paid listing plan and reach 400+ active investors.

I want to invest

For active and aspiring apartment investors interested in the CapStack operating model: explore private multifamily fund opportunities for accredited investors focused on 15+ unit properties, with a repeatable system for value-add execution, lease optimization, and refinance-driven equity extraction. Browse active fund launches or register as an investor.

I source multifamily inventory

Broker with 15+ unit multifamily coverage? Join the network, share your territories, and submit source-backed inventory through the review workflow.

Track Record

Live deals. Real numbers.

Active value-add offerings across three metros — all with forced NOI math, equity projections, and financing scenarios attached.

3 Active Offerings
304 Total Units
$542K NOI Lift Underwriting
$7.89M Equity Created
$26.1M Total Deal Volume
Active Portland, OR
Topanga Apartments
35 units
Price $2.7M
NOI Lift $105K
Net Equity $267K
View deal
Active Aurora, CO
Colony House
37 units
Price $5.4M
NOI Lift $88.8K
Net Equity $261K
View deal
Active Albany, GA
Pine Ridge
232 units
Price $18M
NOI Lift $348K
Net Equity $7.26M
View deal
View all offerings + 131 taxable sellers tracked in the pipeline ($651M+ in property value)

Traceability archive

Historical Sourced Opportunities

No evidence-qualified historical sourced opportunities are available.

An Illustrative Underwriting Example

Step 1
$100K
Net Operating Income

For illustration, assume a 15+ unit property produces $100k in annual NOI.

Illustrative 5% Cap Rate
$2M
Property Value

At this assumed cap rate, that NOI could indicate a $2M property value.

Step 2
+$50K
Potential Annual NOI Increase

If targeted renovations and lease optimization add $50k in annual NOI, execution—not appreciation—drives the change.

Potential Value at Same Cap Rate
$3M
Property Value

If the added NOI is realized and the cap rate holds, the illustration shows potential value creation that could support refinancing, subject to lender terms.

Illustrative underwriting only. Actual NOI, property value, refinancing availability, and terms depend on execution, the property, financing, and market conditions.

How It Works

01

Source 15+ Unit Properties

Source 15+ unit multifamily properties where targeted improvements, lease optimization, and better operations may create a path to higher NOI.

02

Underwrite the Improvement Plan

Model the renovation scope, lease strategy, operating changes, and potential NOI increase against the property's actual condition and assumptions.

03

Execute CapStack

Apply the CapStack operating system across targeted renovations, lease optimization, and property-level operations to pursue realized NOI growth.

04

Evaluate Refinance or Hold

Evaluate refinance-driven equity extraction or holding after realized performance supports the option. Results depend on the property, execution, financing, and market conditions.

Value-Add Execution

Capture This Value

The right general contractor turns a value-add acquisition into a wealth-building machine. These Cost-Plus firms specialize in exactly the kind of work that moves NOI.

Showing 12 contractors

LeChase Construction Services, LLC
NY
www.lechase.com
Value-add renovations Interior renovation Capital improvements
Terminal Construction Corporation
NJ
www.terminalconstruction.com
Full gut rehabs Unit renovation Common area upgrades
KBE Building Corporation
CT
www.kbebuilding.com
Value-add renovations Interior renovation Capital improvements
Wohlsen Construction Company
PA
www.wohlsen.com
Full gut rehabs Capital improvements Common area renovation
Whitmore Construction Group
TX
www.whitmorecg.com
Value-add renovations Full gut rehabs Interior renovation
Cadia Development Partners
FL
www.cadiadev.com
Value-add renovations Exterior repaints Common area upgrades
Hartman Real Estate Partners
OH
www.hartmanrep.com
Full gut rehabs Unit renovation Capital improvements
Red Rock General Contractors
AZ
www.redrockgc.com
Value-add renovations HVAC replacement Structural upgrades
Ashford Capital Renovations
GA
www.ashfordcapital.com
Full gut rehabs Value-add renovations Reroofing
Clearwater Build Group
FL
www.clearwaterbuild.com
Value-add renovations Unit turnovers Parking lot resurfacing
Northgate Construction Partners
CO
www.northgatecp.com
Full gut rehabs Energy efficiency upgrades Common area renovation
BlueBridge Development Group
TX
www.bluebridgedev.com
Value-add renovations Exterior renovation Landscaping

The market doesn't owe you anything.
You owe yourself a system.

Prize MLS CapStack is the operating system behind our private-fund strategy—not a course or a passive market bet. Value is made, not found, through disciplined execution; results are never guaranteed.

Get Your Free NOI Analysis →
The People

Built by investors,
for investors.

Marcus Webb, Founder & Managing Partner

Marcus Webb

Founder & Managing Partner, Prize MLS CapStack Capital

Fifteen years acquiring and managing value-add apartment assets across the Southeast and Mid-Atlantic. Marcus led acquisitions at a $400M multifamily sponsor, closing over $120M in transactions before building Prize MLS CapStack to give operators the analytical edge that institutional sponsors use.

Neville S. Coward, COO

Neville S. Coward

Chief Operations Officer, Prize MLS CapStack LLC

New York, New York

Two decades of institutional capital formation and investment operations. At Prize MLS CapStack, Neville oversees day-to-day execution across the firm's acquisition pipeline and investor relations, bringing regulatory depth and capital markets expertise to every transaction.

Brian B. Blake, CTO

Brian B. Blake

Chief Technology Officer

SmileMD Inc  ·  New York, New York

The Wharton School, Class of 2008

Ackim Williams, CIO

Ackim Williams

Chief Information Officer

SmileMD Inc  ·  New York, New York

The Wharton School, Class of 2011