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Capital Square Living Assumes Management of Four Virginia Properties
Capital Square Living, the wholly owned multifamily property management subsidiary of Capital Square, has assumed management of four Virginia multifamily communities totaling 1,040 units.
The properties include Saltmeadow Bay Apartments in Virginia Beach and Sapphire at Centerpointe in the Richmond suburb of Midlothian. Both communities are owned by Capital Square Apartment REIT, Inc., a private non-traded REIT sponsored by Capital Square that invests in multifamily properties primarily located in the Southeast and Texas.
The remaining properties include Streets of Greenbrier Apartments in Chesapeake and Flats at West Broad Village Apartments in Glen Allen. Both are owned by Delaware statutory trusts sponsored by Capital Square.
Capital Square Living is in the process of assuming management of 45 multifamily communities, comprising approximately 11,000 units, owned by Capital Square’s affiliated apartment REIT, DST programs and opportunity zone funds.
- ◦Lease
