Capital Square Richmond Active Living DST
Key Investment Facts
Structure: Delaware Statutory Trust
Sponsor: Capital Square
Property Type: Senior Living
Location(s): VA
Estimated Holding Period: 7-10 Years
Assumable Loan: 53.99% LTV
Current Distribution Rate: 4.50%
Distribution Frequency: Monthly
721 Exchange (UPREIT): Optional
Investment Overview
Everleigh Short Pump is a Class A, active adult 55+ age-restricted community composed of one-, two- and three-bedroom units with nine-foot ceilings and kitchen islands, located within the greater Richmond MSA. The property is currently 95.7% occupied and has averaged approximately 96.3% occupancy over the previous two years. The management team reports an extremely high 83% retention rate. Many residents who moved in when the project opened are still in occupancy. Active adult communities are known to benefit from a stable resident base, providing more dependable rental income.
Investment Highlights
Short Pump, Virginia, a prosperous suburb of Richmond.
Managed by Capital Square Realty Advisors,LLC, this property which was built in 2019 boasts modern amenities and has no significant deferred maintenance costs
Capital Square: $6.2 billion+ assets under management, 120+ team members, 135+ sponsored investment offerings
The Short Pump submarket has experienced above-average suburban growth
Short Pump is one of the most affluent retail and residential corridors in the Richmond MSA
Investment Sponsor Overview
About Capital Square
Capital Square 1031 is a national real estate investment and management company. The firm sponsors institutional-quality real estate exchange programs that qualify for tax deferral under Section 1031 of the Internal Revenue Code. Capital Square uses the Delaware Statutory Trust (DST) structure to make quality real estate available to a larger number of investors. Capital Square provides a range of services, including due diligence, acquisition, loan sourcing, property management/asset management, and disposition, for a growing number of high-net-worth investors, private equity firms, family offices, and institutional investors.
Capital Square’s Performance
Average Annual Return (ARR): 12.14%
Average Equity Multiple: 1.63x
Average Holding Period: 5.78 Years
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