Capital Square 1031 has announced the CS1031 Saltmeadow Bay Apartments DST has been fully subscribed. The Reg. D private placement comprises Saltmeadow Bay Apartments & Townhomes, a class A, 229-unit multifamily community in Virginia Beach, Va.
“Capital Square 1031 focuses on multifamily properties in the Southeast for stable cashflow and capital appreciation,” said Louis Rogers, founder and CEO. “Saltmeadow enjoys high occupancy that produces stable cashflow with the potential for meaningful rent growth over time that leads to capital appreciation on sale.”
Located at 757 Saltmeadow Bay Drive, Saltmeadow Bay Apartments & Townhomes sits on 24 acres of land. The property includes four residential buildings with four stories each. Constructed in 2006, the community has one-, two- and three-bedroom floorplans ranging in size from 866 square feet to 1,598 square feet.
“Saltmeadow Bay Apartments & Townhomes is one of the nicest properties in the