Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for 1031 exchange and other accredited investors, announced the acquisition of Streets of Greenbrier, a 280-unit multifamily community in Chesapeake, Va., a city in the Hampton Roads region. The property was acquired for CS1031 Streets of Greenbrier Apartments, DST, a Reg. D private placement.
"Chesapeake is part of Virginia's Hampton Roads region, which includes the neighboring cities of Norfolk, Virginia Beach, Portsmouth, Suffolk, Hampton and Newport News," said Louis Rogers, founder and CEO of Capital Square. "Together, these cities complete a dynamic MSA of nearly 1.8 million people, with a large and growing millennial population. The region has one of the highest percentages of residents in the prime rental ages of 20 and 35 and was recently ranked by Time Magazine as the number one region in the Unites Sta
