Capital Square Acquires 192-Unit MF Property in Richmond

June 3, 2021

Capital Square Apartment REIT has acquired Sapphire at Centerpointe, a 192-unit multifamily community in Midlothian, a suburb of Richmond, VA. The sales price was not disclosed.

Sapphire at Centerpointe was built in 2020 and features one-, two- and three-bedroom units, which are currently 97 percent leased. Amenities include a resort-style pool, sundeck, pocket parks and a 24/7 fitness center with modern cardio and weight training equipment. Located at 14250 Sapphire Park Lane, near Richmond, the community offers residents convenient access to a diverse employment base, as well as dining and retail options.

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