Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Washington DC CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Washington DC & Mid-Atlantic  + DC Metro  + Apartments  |  April 18, 2022
Capital Square has acquired Sterling Manor Apartments in Williamsburg, VA for $70 million.
Lisa McDuffie
By: Lisa McDuffie

Capital Square Acquires $70M Multifamily in Time Capsule of History

Capital Square has acquired a 207-unit, value add multifamily community in Williamsburg, VA for approximately $70 million. The community, Sterling Manor Apartments, was acquired on behalf of CS1031 Sterling Manor, DST.

CS1031 Sterling Manor, DST seeks to raise $42.4 million in equity from accredited investors and has a minimum investment requirement of $50,000.

“The investment in Sterling Manor combines stable cash flow and appreciation with value added from upgrading the original apartment units,” said Louis Rogers, founder and CEO of Capital Square.

The five-building luxury property offers townhomes and garden-style apartments. The community was constructed in 2008 and features 137 renovated units, and the sponsor intends to renovate the remaining 70 units to capture additional rental income.

Just 1.1 miles from the campus of the historic College of William & Mary and 2.5 miles from Colonial Williamsburg, Sterling Manor resides in a virtual time capsule of American history.

Connect

Inside The Story

Capital Square's Rogers

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
Order Reprints
  • ◦Sale/Acquisition
New call-to-action
New call-to-action