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Home News Industries Commercial Real Estate Capital Square buys Chesapeake apartment complex for $67.25M

Capital Square buys Chesapeake apartment complex for $67.25M

Streets of Greenbrier acquired for investment offering

Published March 26, 2021 by Rich Griset

Streets of Greenbrier has been acquired by Capital Square.
Streets of Greenbrier has been acquired by Capital Square.

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.

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