Capital Square 1031 Acquires 280-Unit Multifamily Community in Virginia’s Hampton Roads Region |

CHESAPEAKE, Va., March 24, 2021 / PRNewswire / – 1031 Capital Square, a leading sponsor of Delaware The DST for 1031 stock exchanges and other accredited investors today announced the acquisition of Streets of Greenbrier, a multi-family community with 280 units in Chesapeake, Virginia, a city in the Hampton Roads Region. The property was acquired for CS1031 Streets of Greenbrier Apartments, DST, a Reg. D private placement.

“”Chesapeake is part of Virginia Hampton Roads Region that includes the neighboring cities of Norfolk, Virginia Beach, Portsmouth, Suffolk, Hampton and Newport News, “said Louis Rogers, Founder and CEO of Capital Square. “Together, these cities are performing a dynamic MSA of nearly 1.8 million people with a large and growing millennial population. The region has one of the highest percentages of prime tenant ages 20 and 35 and was recently ranked by Time Magazine as the region Number one in the United States that attracts millennials. “

Located at 929 Wintercress Way, streets of Greenbrier was built in 2013 on 13.78 hectares of land. The community consists of nine residential buildings and includes studio, one, two, and three bedroom units ranging in size from 516 square feet to 1,286 square feet.

Rogers added, “Capital Square is optimistic about our home state Virginia, which has a booming economy, a growing employment base and a growing need for quality housing. Forbes recently achieved a rank Virginia as the fourth best state for companies. Amazon is a cutting-edge illustration that brings the state 25,000 jobs $ 2.5 billion HQ2 development. “1

Community amenities include pocket parks with covered swings and barbecue stations, a sun terrace with WiFi access, a large oasis-style pool, a 24-hour fitness center, a poolside barbecue area, an outdoor poolside fireplace and a TV, as well as a fireplace salon. Other amenities include a pool area, dog park, picnic area near a pond, free car wash / vacuum station, valet parking, and on-site recycling.

CS1031 streets of Greenbrier Apartments, DST tries to increase $ 35.5 million in equity from accredited investors and has a minimum investment of $ 50,000.

“Streets of Greenbrier is a quality community, well located in the transport hub of Hampton Roads A region that enables residents to enjoy immediate access to key employers and quality retail, dining and entertainment options, “said Whitson Huffman, chief strategy and investment officer.” The parish provides residents with convenient access to Interstates 64, 264, 464, and 664 – four major Virginia Highways. With a light value creation strategy, Capital Square intends to increase sales and the residual value of the property. “

Chesapeake was in the top 5 list for the largest rental growth last year, with rents up 8.4% year over year January 2021, according to the apartment list. 2 The Hampton Roads According to Colliers Virginia’s “2021 Outlook: Multifamily, Industrial, and Suburban Office Markets in Virginia Remain,” rental demand is expected to exceed new deliveries and keep occupancy at historically high levels. “

Since the inception of the company, Capital Square has acquired 126 real estate assets for over 3,000 investors seeking quality replacement property that is tax deferred under Section 1031 of the Internal Revenue Code, as well as other investors seeking stable cash flow and capital appreciation.

Via Capital Square

Capital Square is a national real estate company specializing in tax-privileged real estate investments, including Delaware statutory trusts for exchanges in accordance with section 1031 and qualified opportunity zone funds for tax deferral and exclusion. As of 2012, Capital Square has more than completed $ 2.7 billion in transaction volume. Capital Square’s executive team has decades of real estate investing experience. Its founder, Louis Rogershas hundreds of investment offerings totaling more than $ 5 billion. Capital Square affiliates provide a range of services to a growing number of high net worth investors, private equity firms, family offices, and institutional investors, including due diligence, acquisitions, loan procurement, property / asset management, and disposal. As of 2017, Capital Square has been recognized by Inc. 5000 as one of the fastest growing companies in the country for four consecutive years. The company was also added to Richmond BizSense’s Fastest Growing List in 2017, 2018, and 2020. In addition, Capital Square was named “Best Places to Work in” by Virginia Business Virginia“Report in 2019 and their” Fantastic 50 “reports in 2019 and 2020. For more information, please visit

  2. Apartment list – January 27, 2021 report

Disclaimer: Securities offered through WealthForge Securities, LLC, member of FINRA / SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are significant risks associated with investing in DST real estate and real estate securities, including illiquidity, tenant vacancies, general market conditions and competition, lack of operational history, interest rate risks, the risk of new offers being launched and the weakening of rental prices, and general risks of owning / operating Commercial and multi-family real estate, short-term rental agreements in connection with multi-family real estate, financing risks, potential adverse tax consequences, general economic risks, development risks, long holding periods and potential loss of all investment capital. Past performance is no guarantee of future results. Potential cash flows, returns and increases in value are not guaranteed. IRC Section 1031 is a complex tax concept. Consult your legal or tax advisor about 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) completely and note the Risk section before investing. Diversification does not guarantee profits or protect against losses.


Lauren Burgos

Spotlight Marketing Communications


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SOURCE Capital Square 1031