Capital Square CS1031 Richmond Active Living Apartments, DST

VA

Capital Square CS1031 Richmond Active Living Apartments, DST

Property Type

Senior Living

Assumable Loan

53.99% LTV

721 Exchange Exit

Optional

Current Yield

4.5%

Minimum Investment

$50,000

Sponsor

Capital Square

Investment Description

Everleigh Short Pump includes 165 units composed of one-, two- and three-bedroom units with nine foot ceilings and kitchen islands.

Investment Highlights

  • 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.
  • Capital Square: $6.2 billion+ assets under management, 120+ team members, 135+ sponsored investment offerings.

Net Income Projection

Year 1

4.5%

Year 2

4.55%

Year 3

4.63%

Year 4

4.68%

Year 5

4.96%

Year 6

5.32%

Year 7

4.08%

Year 8

4.46%

Year 9

4.84%

Year 10

5.24%

Average

4.73%

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