Skip Navigation

Capital Square Completes $72M UPREIT Deal on Virginia Beach Apartments

April 3, 2023

April 3, 2023

Capital Square has closed an UPREIT transaction for Saltmeadow Bay Apartments, a Class A, 229-unit multifamily community in Virginia Beach, VA, located less than a mile from the Virginia Beach boardwalk. In the UPREIT transaction, more than 85% of the DST investors (by value) exchanged their DST interests for operating partnership units in Capital Square Apartment REIT Inc. on a tax-deferred basis under Section 721 of the Internal Revenue Code.

To view the full story, click here.


Corporate Responsibility & Sustainability Initiatives

Our elevated focus on corporate responsibility and sustainability furthers our commitment to environmental stewardship and community well-being.

Join the Capital Square Team

Our culture of collegiality and family-oriented values is a competitive advantage, and our team members are individuals at the top of their respective fields.