Capital Square Acquires Multifamily Community Near Washington, D.C. for DST Offering

The acquisition is on behalf of a Delaware statutory belief funding providing that seeks to boost $46.5 million in fairness from accredited buyers

WASHINGTON, Aug. 22, 2022 /PRNewswire/ — Capital Sq., one of many nation’s main sponsors of tax-advantaged actual property investments and an lively developer of multifamily communities, introduced at this time the acquisition of Rivergate, a luxurious 402-unit multifamily neighborhood within the Washington, D.C. suburb of Woodbridge, Virginia. The neighborhood was acquired on behalf of CS1031 Rivergate Residences, DST.

“I believed it couldn’t get any higher than the acquisition of Class A+ 2000 West Creek in 2019 for $103 million for Capital Sq.’s 1031 trade/DST program, however then we continued to accumulate a big portfolio of comparable Class A+ house communities and, now, Rivergate Residences in Woodbridge, Virginia,” mentioned Louis Rogers, founder and chief government officer of Capital Sq.. “These Class A+ acquisitions completely match the DST acquisition technique of shopping for finest in school multifamily belongings for steady returns and capital appreciation. The acquisition of best-in-class belongings demonstrates the maturation of the DST business.”

Positioned at 13175 Marina Means, alongside the picturesque Occoquan River within the Potomac River basin, Rivergate is in a scenic space with wonderful neighborhood facilities that embody a resort-style swimming pool and sundeck, a rooftop terrace with cabanas, out of doors sofas and a bar, a courtyard with a firepit, gasoline grilling stations, a state-of-the-art health heart, two resident clubrooms, a enterprise heart, a paw spa with a self-service wash and grooming suite, a volleyball court docket, kayak and bicycle storage, a multi-level parking storage, a bundle concierge, on-site administration and upkeep and managed entry.

The Higher Washington, D.C. and Northern Virginia financial system has skilled constant development and diversification over the previous a number of years, supported by the federal authorities and largely devoid of extremely cyclical industries. The realm is residence to a number of worldwide corporations, together with Amazon, Booz Allen Hamilton, Capital One Entities, Freddie Mac, GEICO, Hilton Worldwide Holdings, Inc., Marriott Worldwide and Northrop Grumman.

“Rivergate is ideally positioned in a thriving financial sector of Northern Virginia that continues to get pleasure from vital employment development and can quickly welcome Amazon, which is able to open its second world headquarters close by in 2023,” mentioned Whitson Huffman, chief technique and funding officer. “The Amazon facility is simply 20 miles from Rivergate and is anticipated to make use of 25,000 folks. Amazon joins a number of different main worldwide corporations that decision the area residence.”

Rivergate is simply 4 miles from each the 183-bed Sentara Northern Virginia Medical Heart and a brand new, $200 million Kaiser Permanente medical heart. Collectively, these employers help roughly 1,500 employees.¹

Potomac Mills, Virginia’s largest enclosed outlet procuring and eating vacation spot with greater than 200 storefronts and eating places, is simply 5 miles from Rivergate. Stonebridge at Potomac City Heart, a 500,000-square-foot open-air life-style heart, is simply six miles from the property. Stonebridge incorporates a Wegmans Meals Market, full-service well being membership, Alamo Drafthouse Cinema, and a splash pad water park for youngsters. Rivergate residents get pleasure from prepared entry to each Ronald Reagan Washington Nationwide Airport, located 20 miles northeast of the property, and Dulles Worldwide Airport, positioned 30 miles to the northwest.

CS1031 Rivergate Residences, DST seeks to boost $46.5 million in fairness from accredited buyers and has a minimal funding requirement of $50,000.

Since its founding in 2012, Capital Sq. has acquired 153 actual property belongings for over 6,000 buyers in search of high quality substitute properties that qualify for tax deferral below Part 1031 of the Inside Income Code and different buyers in search of steady money circulate and capital appreciation.

Source: 1. Newmark, 2022.

About Capital Sq.
Capital Sq. is a nationwide actual property agency specializing in tax-advantaged actual property investments, together with Delaware statutory trusts for Part 1031 exchanges, certified alternative zone funds for tax deferral and exclusion and an actual property funding belief (REIT). Lately the corporate has turn out to be an lively developer of mixed-use multifamily properties within the southeastern US, with eight present tasks totaling roughly 2,000 house items with a complete improvement value in extra of $600 million. Since 2012, Capital Sq. has accomplished greater than $6.0 billion in transaction quantity. Capital Sq.’s associated entities present a variety of providers, together with due diligence, acquisition, mortgage sourcing, property/asset administration, and disposition, for a rising variety of high-net-worth buyers, personal fairness companies, household places of work and institutional buyers. Since 2017, Capital Sq. has been acknowledged by Inc. 5000 as one of many quickest rising corporations within the nation for six consecutive years. In 2017, 2018 and 2020, the corporate was additionally ranked on Richmond BizSense’s listing of quickest rising corporations. Moreover, Capital Sq. was listed by Virginia Enterprise on their “Greatest Locations to Work in Virginia” report in 2019 and their “Improbable 50” reviews in 2019 and 2020. To be taught extra, go to www.CapitalSq.com.

Disclaimer: Securities supplied by means of WealthForge Securities, LLC, Member FINRA/SIPC. Capital Sq. and WealthForge Securities, LLC are separate entities. There are materials dangers related to investing in DST properties and actual property securities together with illiquidity, tenant vacancies, common market situations and competitors, lack of working historical past, rate of interest dangers, the danger of latest provide coming to market and softening rental charges, common dangers of proudly owning/working industrial and multifamily properties, quick time period leases related to multi-family properties, financing dangers, potential adversarial tax penalties, common financial dangers, improvement dangers, lengthy maintain intervals, and potential lack of the whole funding principal. Previous efficiency isn’t a assure of future outcomes. Potential money circulate, returns and appreciation should not assured. IRC Part 1031 is a fancy tax idea; seek the advice of your authorized or tax skilled relating to the specifics of your specific scenario. This isn’t a solicitation or a suggestion to see any securities. Please learn the Personal Placement Memorandum (PPM) in its entirety, paying cautious consideration to the danger part previous to investing. Diversification doesn’t assure earnings or shield towards losses. Personal placements are speculative. 

SOURCE Capital Sq.