SPARTANBURG, S.C. — Capstone Apartment Partners has arranged the $16.4 million sale of Southern Pines Apartments, a garden-style multifamily community in Spartanburg. Brian Ford, Alex McDermott, Austin Green and Ron Corrao of Capstone arranged the transaction. Bowman Investment Group LLC sold the asset to an undisclosed buyer. The Florida-based company originally acquired Southern Pines Apartments in 2012 and invested more than $3 million in capital improvements. The new ownership has retained Capstone Multifamily Group, a property management company of MACC Properties that has managed the asset since 2014, to continue to manage the property. Constructed in 1973, Southern Pines Apartments features two swimming pools, a tennis court, laundry facilities, grilling areas, playground, clubhouse and a fitness center. The new owner will continue the interior upgrade program initiated by Bowman Investment Group.