Capital Square, a developer of multifamily communities, has acquired The Trails at Short Pump, a 350-unit apartment community in Richmond, Virginia.
The community was acquired on behalf of CS1031 The Trails at Short Pump Apartments, DST.
The acquisition brings the transaction activity of Capital Square to over $6 billion since the company’s inception.
“Capital Square continues to own the home court from northern Virginia, through central Virginia to Tidewater with this latest acquisition in suburban Richmond, Virginia,” said Louis Rogers, founder of Capital Square. “This is Capital Square’s twenty-first acquisition of a Class A or B apartment community in Virginia. The region is experiencing exceptional stability, job production and rent growth.”