Capital Square 1031 Acquires 280-Unit MF Property in Chesapeake
March 25, 2021
Capital Square 1031 has acquired Streets of Greenbrier, a 280-unit multifamily community in Chesapeake, VA. The sales price was reported as $67.25 million.
Located at 929 Wintercress Way in Virginia’s Hampton Roads region, the property was constructed in 2013 on nearly 14 acres of land. The community consists of nine residential buildings and includes studio, one-, two- and three-bedroom units ranging in size from 516 square feet to 1,286 square feet. Amenities include pocket parks with covered swings and grilling stations, a sun deck with Wi-Fi access, a grand oasis-style pool, 24-hour fitness center, poolside grilling area, an outdoor poolside fireplace and TV as well as a fireplace lounge.
The property was acquired for CS1031 Streets of Greenbrier Apartments, DST, a Reg. D private placement. CS1031 Streets of Greenbrier Apartments, DST seeks to raise $35.5 million in equity from accredited investors and has a minimum investment of $50,000.
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