Capital Square buys Chesapeake apartment complex for $67.25M
Streets of Greenbrier acquired for investment offering
Henrico County-based real estate investment company Capital Square has acquired Streets of Greenbrier apartments in Chesapeake for $67.25 million.
Located at 929 Wintercress Way, the 280-unit multifamily community sits on 13.78 acres. Constructed in 2013, the community consists of nine residential buildings and includes studio, one-, two- and three-bedroom units ranging in size from 516 square feet to 1,286 square feet. The seller was Richmond-based GrayCo Inc.
The property was acquired for CS1031 Streets of Greenbrier Apartments DST investment entity, which seeks to raise $35.5 million in equity from accredited investors, with a minimum investment of $50,000.