A Henrico County-based real estate investment and management company has bought another apartment community in the Richmond region.
192-unit apartment complex in Chesterfield, completed last year, sells for $48.3 million
June 3, 2021
Capital Square acquired Sapphire at Centerpointe complex off Charter Colony Parkway in Chesterfield County. It paid $48.3 million for the 192-unit apartment complex.
Robinson Development Group had developed the apartment community, which was completed in 2020.
Sapphire at Centerpointe features one-, two- and three-bedroom units, which are currently 97% leased, the company said.
The acquisition comes six months after Capital Square bought the the 301-unit The Canopy at Ginter Park apartment complex at Westwood Avenue and Brook Road in North Richmond for $83.75 million.
In October 2019, Capital Square bought the 2000 West Creek apartments, a 375-unit complex in the West Creek office park in Goochland County that had opened a year earlier, for $103 million.
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