Capital Square 1031 Buys Multifamily Community Near Richmond for DST Offering
December 28, 2021
Capital Square 1031, a sponsor of Delaware statutory trust offerings, has purchased Artistry at Winterfield, a Class A 200-unit multifamily property located in the Richmond suburb of Midlothian, Virginia.
The property was purchased on behalf of CS1031 Artistry at Winterfield Apartments DST, a private placement offering that seeks to raise $35.2 million in equity from accredited investors and has a minimum investment of $50,000.
“Artistry at Winterfield is another superb addition to Capital Square’s growing portfolio of Class A apartment communities in the Southeast to Texas,” said Louis Rogers, founder and chief executive officer. “Located in Midlothian, Virginia, a short drive on Highway 288 from Capital Square’s headquarters, Artistry is located in a well-to-do neighborhood with a median household income of $172,916 within a one-mile radius, according to Yardi Matrix. And the icing on the cake – 19.6 percent rent growth in the submarket, the highest year-over-year rent growth in the region, as of August 2021.”
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