Capital Square 1031 acquires 70-unit apartment building in Richmond
January 21, 2016
Capital Square 1031 has acquired Perry Place Apartments, a 70-unit historic loft style apartment community located in Richmond’s expanding Manchester Arts District.
The company did not disclose the purchase price. Perry Place is a two-story building at 815 Perry St. The historic building is situated on about 1.2 acres. Units range in size from studio to three-bedroom apartments, with views of the James River and downtown skyline. The property also includes a community clubroom and 70 parking spaces.
“Perry Place is located in a growing, historic area with an abundance of neighborhood amenities and convenient access,” Louis Rogers, founder and CEO of Capital Square 1031, said in a statement. “It is in close proximity to Richmond’s central business district, providing many convenient employment opportunities for residents …”