Building the Future of Richmond™

[Updated October 23, 2025]

Richmond is not only a strategic Mid-Atlantic location along the East Coast. It is one of “America’s Best Places to Live,” as well as the capital of Virginia, one of the “Best States for Business.”

It’s also Capital Square’s hometown, a place where we have built developments that capture the city’s authentic artistry and creative style, partnered with local businesses to build the future for vibrant neighborhoods and communities, and created dramatic impact with our philanthropic initiatives.

Why do we love to invest, build and manage in Richmond?

• RealPage named Richmond, Virginia the #1 U.S. market for rent growth in 2024. Forecasted to outperform 178 other cities, the real estate fundamentals of Richmond are gaining attention.
• Richmond’s cost of living is neary 6% below the national average, according to the Greater Richmond Partnership (GRP) and the Council for Community and Economic Research’s Cost of Living Index.
• Richmond’s population is expected to increase over 10% between 2020 and 2030, as projected by the GRP and Chmura Analytics JobsEQ. Lower costs of living and tremendous job opportunities are leading factors of this in-migration.
• Richmond and its surrounding counties have already added over 52,000 people between 2020 and 2024.
• Virginia’s capital city is home to 12 Fortune 1000 headquarters. Moreover, major national and international corporations have recently opened significant operations in the greater Richmond region, including Google, LEGO, Meta, Amazon, CoStar and Eli Lilly.
• Richmond was named among the “Best U.S. Cities for HQ Projects,” by Site Selection Magazine in 2024.
• Richmond, Virginia is becoming Washington, D.C.’s sister city. Just 100 miles south, Richmond is an easy commute to Washington, D.C. Plus, while D.C.’s average rent is $2,356, Richmond’s average is $1,458 with an average apartment size 13.45% larger.
• USA Today named Richmond the #2 city in the U.S. for street art in 2024. This follows their declaration of Richmond’s arts district as the 8^th best arts district in the U.S. From the Virginia Museum of Fine Arts to the vibrant murals across the city, Richmond’s creative culture is on proud display.
• Richmond is the only city in America with whitewater rapids cutting through its downtown district. In addition, the James River ranked as the 9^th best urban kayaking spot in the U.S.
• The River City ranked among “Best U.S. Cities for a Health Lifestyle” by Coworking Café in 2025.
• Richmond is among the Top 10 “Most Interesting Food Scenes Across the Country,” according to USA Today.

Which Capital Square investment offerings are open in Richmond, Virginia?

• CSRA Opportunity Zone Fund IX, LLC – Capital Square’s newest OZ fund supports this striking mixed-use development in the amenity-rich Scott’s Addition neighborhood. Approximately one-third of this community’s 320 units are expected to be furnished apartment hotel units, meeting an unanswered need in this vibrant neighborhood.

Which Capital Square developments are already fully operational in Richmond?

• Chasen – Opening its doors this winter, this exciting 352-unit, Class A multifamily development is already turning heads.
• The Otis – “2024 Multifamily Development of the Year,” according to CoStar.
• Scott’s Collection – A trio of mixed-use multifamily developments that achieved the highest rental rate on a per square foot basis in all of Richmond.

What properties does Capital Square manage in the Richmond region?

• Canopy at Ginter Park Apartments
• Tapestry West
• Trails at Short Pump Apartments
• Flats at West Broad Village
• 2000 West Creek Apartments
• Artistry at Winterfield Apartments
• Sapphire at Centerpointe
• Hunters Chase Apartments
• Livingston Apartment Flats
• Wellington Place
• Lawndale Farms Apartments

Richmond, Virginia is our hometown, but it’s also a city we greatly believe in. Some call it “the River City” or “RVA.” We call Richmond a Sun Belt city with powerful potential.

At Capital Square, we invest; we build; we manage. We raise capital, buildings and expectations. This is how we build the future of real estate, and this is how we build the future of Richmond.

Contact our team today to learn more.

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Disclosure: Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short-term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to see any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Diversification does not guarantee profits or protect against losses. Private placements are speculative.