Capital Sq. 1031 Acquires 339-Unit Flats at West Broad Luxurious Residence Group in Larger Richmond Suburb of Glen Allen

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Capital Square 1031 Acquires 339-Unit Flats at West Broad Luxury Apartment Community in Greater Richmond Suburb of Glen Allen

RICHMOND, Virginia – Capital Square 1031, a leading sponsor of Delaware legal escrow (DST) offers for the stock exchange according to section 1031 and other accredited investors, announced the acquisition of a class A multi-family community with 339 units. known Glen Allen, Virginia, a suburb of Richmond, near the company headquarters. The community was commissioned by CS1031 Flats at West Broad Village Apartments, DST, a Reg. D private placement investment offering.

"Located in West Broad Village, Flats at West Broad is part of a unique lifestyle community that spans approximately 380,000 square feet of retail space including Whole Foods, REI, Target and Home Goods," said Louis Rogers, Founder and CEO of Capital Square. “The community is near the Innsbrook Office Park, a six million square foot office park with numerous major employers including Capital One, Bon Secours Health System, Dominion Virginia Power, and the corporate offices of Markel and Capital Square, too Richmond, residents have the opportunity to live, work and play in the neighborhood and have excellent connections to the U.S. Route 250 and Interstate 64. "

The Flats at West Broad Village is located at 3930 Wild Goose Lane on 1.86 acres and is within walking distance of approximately 380,000 square feet of retail space. The community has around 9,000 square meters of leisure space, including a state-of-the-art fitness center, a changing room for packages, co-working areas, a café-bar, a lounge, as well as numerous restaurants and a hotel. Further amenities include a catering area, conference rooms, a resort pool with a sun terrace and cabanas, a grill station with a covered lounge area, a billiard room with outdoor fire pits and a cinema with stadium seating.

"The Greater Richmond Region is a strong performer, according to the Yardi Matrix, with exceptional job growth, reasonable cost of living and the highest multi-family rental growth in the country, "said Whitson Huffman, chief strategy and investment officer." As the state capital and home to many colleges and universities, a large medical complex and seven Fortune 500 companies that Richmond Area is extremely stable. "

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