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Capital Square Acquires Woodbridge Community for $47M DST Raise
Washington, DC-based Capital Square has acquired Rivergate, a 402-unit multifamily community Woodbridge, VA on behalf of a DST that seeks to raise $46.5 million.
“These Class A+ acquisitions perfectly fit the DST acquisition strategy of buying best in class multifamily assets for stable returns and capital appreciation,” said Louis Rogers, founder and CEO of Capital Square. “The acquisition of best-in-class assets demonstrates the maturation of the DST industry.”
Rivergate is on Marina Way along the Occoquan River. Amenities include pool and sundeck, rooftop terrace, courtyard with firepit, grilling stations, fitness center, clubrooms, business center, paw spa, volleyball court, kayak and bicycle storage, package concierge and on-site management.
The area is home to international companies, including Amazon, Booz Allen Hamilton, Capital One Entities, Freddie Mac, GEICO, Hilton Worldwide Holdings, Inc., Marriott International and Northrop Grumman. Rivergate is four miles from the Sentara Northern Virginia Medical Center and a new $200-million Kaiser Permanente medical center.
- ◦Sale/Acquisition
