Capital Square 1031 has launched CS1031 Williamsburg VA Apartments, DST. The Regulation D private placement is comprised of Elan Williamsburg, a newly constructed, class A apartment community in Williamsburg, Va.
"Elan Williamsburg is the latest in a line of Class A multifamily communities acquired by Capital Square directly from developers following the initial lease-up of the property," said Louis Rogers, founder and chief executive officer of Capital Square. "Capital Square acquires properties of this caliber for 1031 exchange and cash investors who seek the safety and security of a brand new property under warranty along with competitive cash flow and upside appreciation over time."
CS1031 Williamsburg VA Apartments, DST seeks to raise $21.4 million in equity from accredited investors with a minimum investment of $50,000. The acquisition was financed by Fannie Mae with a 2.80% fixed rate 10-year loan.
Located at 100 Whitworth Way in the heart of Hampton Road
