Capital Square, a sponsor of tax-advantaged real estate investments and an active developer and manager of housing communities nationwide, has announced the launch of CS1031 Colony at Centerpointe Apartments, DST, a Delaware statutory trust offering ownership interests in a 255-unit, class A–, garden-style apartment community located in the Richmond suburb of Midlothian, Va. The offering seeks to raise $42.9 million in equity from accredited investors seeking quality replacement properties for Section 1031 exchanges, along with others seeking stable cash flow and capital appreciation.
The property is accessible to some of the region’s largest employers, including VCU Health, HCA Virginia Health System, Virginia Commonwealth University, Dominion Energy and Truist. Approximately one mile from the property, Bon Secours St. Francis Medical Center completed a $108 million expansion in 2024, adding 55 acute-care beds that raised the total bed count to 185, and is currently buil
