Capital Square 1031 Acquires 301-Unit Richmond MF Community

Resources Square 1031 Obtains 301-Unit Richmond MF Community

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Resources Square 1031 has acquired Canopy at Ginter Park, a 301-unit multifamily area in Richmond, VA. The prices was not revealed.

Situated at 3200 Brook Roadway, the community is located on approximately 15 acres of land. Constructed in 2019, the residential property features 19 structures with up to 3 tales each. The unit mix includes one-, two- and three-bedroom devices. Amenities consist of a deep sea swimming pool, clubroom, access-controlled buildings and also a 24-hour gym.

“Despite the international pandemic, 2020 was a record year for purchases, personalities, brand-new hires, and also overall earnings,” claimed Louis Rogers, Chief Executive Officer at Capital Square. “When the pandemic hit as well as the actual estate market softened a bit, Funding Square worked dual time to acquire best-in-class realty for the DST/1031 program. Cover at Ginter Park Apartments is an additional brand-new, Class An apartment area in an iconic Richmond, Virginia community, near the company’s head office.”

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