RICHMOND, VA – 1031 Capital Square, a leading sponsor of Delaware Statutory Trust (DST) offerings for 1031 Exchange and other accredited investors, announced the acquisition of Canopy in Ginter Park, a 301-unit Class A multi-family community in Richmond, Virginia . The property was placed for CS1031 Canopy in the Ginter Park Apartments, DST, a Reg. D private placement.
"Despite the global pandemic, 2020 was a record year for acquisitions, divestments, hires and overall profitability," said Louis Rogers, Founder and CEO of Capital Square. "When the pandemic hit and the real estate market weakened a bit, Capital Square worked twice to buy prime real estate for the DST / 1031 program. Canopy at Ginter Park Apartments is another brand new Class A shared apartment. An iconic neighborhood in Richmond, Virginia, near the company's headquarters. "
The community is located at 3200 Brook Road and is on approximately 15 acres. Canopy at Ginter Park was built in 2019 and has 19 buildings, each with up to three floors. The parish includes one, two, and three bedroom units.
CS1031 Canopy at Ginter Park Apartments, DST is attempting to raise $ 39 million in equity from accredited investors and has a minimum investment of $ 50,000.
"Canopy at Ginter Park is located near Interstate 64 and Interstate 95, and gives residents easy access to many Richmond employers, including seven Fortune 500 companies," said Whitson Huffman, chief strategy and investment officer. "This world-class community is a great example of the real estate Capital Square is optimistic about in raising investment properties for our Section 1031 and cash investors. Properties like Canopy in Ginter Park are an opportunity for us to give our investors the opportunity to invest in them. " a high quality community that they may not be able to acquire on their own. "
Amenities at Canopy in Ginter Park include: a resort-style saltwater pool; a club room with several televisions and a sitting area; a clubhouse with an entertainment kitchen; an outdoor pool table and access controlled building. Additional amenities include bicycle storage; lush courtyards; a pet spa; Contactless parcel collection around the clock and a 24-hour fitness center with the latest technology.
Source: Hauptplatz 1031