Real Estate - OCTOBER 29, 2021

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Capital Square 1031 buys multifamily community in Greater Richmond

by Released

Capital Square 1031 has bought a class A, 339-unit multifamily community in Glen Allen, Va., a suburb of Richmond, near the firm's headquarters. The community was acquired on behalf of CS1031 Flats at West Broad Village Apartments, DST, a Reg. D private placement investment offering.

"Located in West Broad Village, Flats at West Broad is part of a unique lifestyle community that includes approximately 380,000 square feet of retail space, including Whole Foods, REI, Target and Home Goods," said Louis Rogers, founder and CEO of Capital Square. "The community is located near Innsbrook Office Park, a more than 6 million-square-foot office park with numerous major employers, including Capital One, Bon Secours Health System, Dominion Virginia Power and the corporate headquarters of Markel and Capital Square. Unique to Richmond, residents have the opportunity to live, work and play in the neighborhood and have excellent access to U.S. Route 250 and Interstate 64."

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