News

19Oct

Thompson Thrift Sells Multifamily in Madison to Capital Square for $56M Equity Raise

October 19, 2022 Thompson Thrift has sold FarmHaus, a recently completed 324-unit Class A multifamily in Madison, AL. Glen Allen, VA-based Capital Square purchased the community on behalf of CS1031 FarmHaus Apartments, DST, which seeks to raise $55.9 million in equity. Craig Hey and Andrew Brown with Cushman & Wakefield brokered the sale. To view the full story, click […]
18Oct

Whole Foods-anchored West Broad Village retail, commercial sections sell for $94M

October 18, 2022 Whole Foods, REI and most of their other neighboring businesses within West Broad Village have a new landlord. Florida-based CTO Realty Growth last week paid $93.9 million to purchase the bulk of the commercial portions of the Short Pump mixed-use neighborhood. The deal, which closed Friday, encompasses around 392,000 square feet across […]
18Oct

Interest in DSTs as a Real Estate Investment Option Continues to Grow

October 18, 2022 Delaware statuary trusts—which allow investors to hold title to one or more income producing commercial properties—continue to build momentum, capturing the attention of both investors and big-name sponsors. The DST structure has been around for about two decades, but interest in the space has notched up to a higher level in recent […]
14Oct

Capital Square Acquires Louisville Community for $68M DST Offering

October 14, 2022 Capital Square has acquired Lyric at Norton Commons, a Class A+, 273-unit mixed-use multifamily community in the Louisville, KY suburb of Prospect. The community was acquired on behalf of CS1031 Lyric at Norton Commons Apartments, DST, which seeks to raise $68 million in equity from accredited investors and has a minimum investment […]
12Oct

Capital Square Acquires 273-Unit Lyric at Norton Commons Apartments in Prospect, Kentucky

October 12, 2022 Capital Square has purchased Lyric at Norton Commons, a 273-unit multifamily community located at 11210 Peppermint St. in Prospect, a suburb of Louisville. The Richmond-based investor purchased the property on behalf of CS1031 Lyric at Norton Commons Apartments DST, a Delaware statutory trust that seeks to raise $68 million in equity from […]
11Oct

Capital Square Buys Kentucky Community

October 11, 2022 Capital Square has acquired one of its highest-quality communities in the last decade with its latest acquisition of Lyric at Norton Commons in Prospect, Ky. The firm acquired the 273-unit community from an undisclosed seller, on behalf of CS1031 Lyric at Norton Commons Apartments, DST. According to Yardi Matrix data, the previous owner was Bristol Development Group. Capital […]
10Oct

Capital Square Buys 273-Unit Multifamily Community

October 10, 2022 Capital Square, a developer of multifamily communities, has bought Lyric at Norton Commons, a 273-unit multifamily community in the Louisville suburb of Prospect. The property offers one-, two- and three-bedroom units averaging 956 square feet. The community was acquired on behalf of CS1031 Lyric at Norton Commons Apartments DST (Delaware statutory trust), […]
10Oct

Capital Square Purchases Louisville Multifamily Community for DST Offering

October 10, 2022 Capital Square, a sponsor of tax-advantaged real estate investments, acquires Lyric at Norton Commons, a Class A+, 273-unit mixed-use multifamily community in the Louisville suburb of Prospect. The community was acquired on behalf of CS1031 Lyric at Norton Commons Apartments, DST, which seeks to raise $68 million in equity from accredited investors […]
10Oct

Large development in Norton Commons sold for $96M — buyer seeks investors

October 10, 2022 A recently opened multifamily development in Norton Commons has sold and the new owner is looking for investors to buy in. Lyric at Norton Commons, which was developed by Franklin, Tennessee-based Bristol Development Group and opened earlier this year, sold for $96.2 million to Capital Square out of Glen Allen, Virginia, according […]
10Oct

Capital Square Acquires Luxury Community

October 10, 2022 LOUISVILLE, KY–Capital Square acquired Lyric at Norton Commons, a Class A+, 273-unit mixed-use multifamily community in the Louisville suburb of Prospect. The community was acquired on behalf of CS1031 Lyric at Norton Commons Apartments, DST (Delaware statutory trust), which seeks to raise $68 million in equity from accredited investors and has a […]

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10900 Nuckols Road, Suite 200
Glen Allen, VA 23060 (Metro-Richmond)

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