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Real Estate - NOVEMBER 11, 2019

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Capital Square 1031 completes DST offering of multifamily community in Richmond, Va.

by Released

Capital Square 1031, a sponsor of Delaware statutory trust (DST) offerings, announced that CS1031 Hickory Creek Apartments, DST has been fully subscribed by 55 Section 1031 exchange investors. The DST offering is comprised of Hickory Creek Apartments, a 294-unit multifamily property located in Henrico County, a suburb of Richmond, Va.

“Hickory Creek Apartments is a leading example of the high-quality, growth-oriented multifamily communities that Capital Square acquires for investors,” said Louis Rogers, founder and CEO. “This multifamily community has a substantial value-add component through the interior renovation of units and common areas. The Richmond area is known for being economically stable due to the large presence of government as the state capital, proximity to D.C. and the federal government, and disproportionate number of large companies along with numerous colleges and universities. Capital Square has become the largest buyer of multifamily properties in t

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