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Investor picks up new 234-unit multifamily property in Commerce

January 6, 2022

January 6, 2022

Glenn Allen, Va.-based real estate investment company Capital Square 1031 acquired the 234-unit Capstone at Banks Crossing apartment community in Commerce on behalf of one of its funds.

The class-A asset is located at 288 East Ridgeway Road and was completed in 2021. The property is situated on 15.6 acres in Banks County and was 97.8% leased as of December 2021. The community offers one-, two- and three-bedroom units with high-end finishes, such as granite kitchen and bathroom countertops, stainless-steel appliances and more, according to a press release.

The community’s amenities include a swimming pool with tanning ledge, clubhouse with resident lounges and a kitchen, business center, coffee bar and conference room, and a fitness center with digital on-demand classes.

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