Capital Square Apartment REIT has acquired Sapphire at Centerpointe, a class A, 192-unit multifamily community in Midlothian, a suburb of Richmond, Va.
"Sapphire at Centerpointe is a highly amenitized, class A multifamily community," said Louis Rogers, founder and CEO of Capital Square. "This newly constructed community leased-up and stabilized rapidly, a testament to the quality of the community and the strength of the submarket."
Sapphire at Centerpointe was constructed in 2020 and features one-, two- and three-bedroom units, which are currently 97 percent leased. Community amenities include a resort-style pool, expansive sundeck, pocket parks and a 24/7 fitness center with state-of-the-art cardio and weight training equipment. Additional amenities include quick-charge electric car charging stations, a 24/7, video-monitored package room, a fenced dog park and garage parking.
"Sapphire at Centerpointe is a premium multifamily community located in a thriving are
