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Capital Square 1031 Acquires 301-Unit Richmond MF Community

Capital Square 1031 has acquired Canopy at Ginter Park, a 301-unit multifamily community in Richmond, VA. The sales price was not disclosed.

Located at 3200 Brook Road, the community is situated on approximately 15 acres of land. Built in 2019, the property features 19 buildings with up to three stories each. The unit mix consists of one-, two- and three-bedroom units. Amenities include a saltwater swimming pool, clubroom, access-controlled buildings and a 24-hour fitness center.

“In spite of the global pandemic, 2020 was a record year for acquisitions, dispositions, new hires, and overall profitability,” said Louis Rogers, CEO at Capital Square. “When the pandemic hit and the real estate market softened a bit, Capital Square worked double time to purchase best-in-class real estate for the DST/1031 program.  Canopy at Ginter Park Apartments is another brand new, Class A apartment community in an iconic Richmond, Virginia neighborhood, near the firm’s headquarters.”

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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