CS1031 Colony at Centerpointe Apartments, DST
Sponsored by Capital Square
CS1031 Colony at Centerpointe Apartments, DST, a Delaware statutory trust (the “Trust”), has been formed for the purpose of acquiring Colony at Centerpointe, a 255-unit, Class A-, garden-style apartment community, located at 14400…
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Offering terms
- Minimum investment
- $50,000
- Yr 1 distribution
- 4.36%
- Avg distribution
- 4.95%
- Projected hold
- 7 yrs
- Offering size
- $84.7M
- Equity raise
- $43M
- Loan-to-value
- 49.3%
- 721 exit
- Optional
Projected distributions by year
Capital structure
- Equity
- $42,950,000
- Debt
- $41,774,000
- Total
- $84,724,000
Overview
CS1031 Colony at Centerpointe Apartments, DST, a Delaware statutory trust (the “Trust”), has been formed for the purpose of acquiring Colony at Centerpointe, a 255-unit, Class A-, garden-style apartment community, located at 14400 Palladium Drive in Midlothian, Virginia, one of Richmond’s most established and desirable suburban communities (the “Property”). The Property was completed in 2016 and consists of 11 three-story residential buildings and a clubhouse on approximately 17.828 acres of land.
The Property is comprised of 72 one-bedroom, one-bathroom units, 147 two-bedroom, two-bathroom units, and 36 three-bedroom, two-bathroom units, with an average unit size of 1,149 square feet. The Property offers upscale interior finishes, including granite countertops, stainless steel appliances, luxury vinyl plank flooring, shaker-style cabinetry, brushed nickel hardware, in-unit washer/dryer appliances, private balconies or patios, walk-in closets, and nine-foot ceilings. The Property also features an extensive amenity set including a saltwater swimming pool with sundeck, resident clubhouse with a package delivery center, modern fitness center and yoga studio, bocce ball court, dog park, business center, outdoor grilling and entertainment areas with firepit, garages, and bike storage.
The Property is situated in Midlothian, Virginia approximately 15 miles from downtown Richmond. The Centerpointe master-planned community sits in one of Chesterfield County’s most desirable residential corridors, surrounded by established neighborhoods including Brandermill, Woodlake, and Charter Colony, with convenient access to both the Powhite Parkway and Route 288. Midlothian consistently ranks among the most attractive suburban markets, driven by top-rated schools, low crime, and strong household income. Average household income is $137,000 within a two-mile radius and $142,000 within five miles, while the population within two miles increased by 8.3% between 2020 and 2025. Chesterfield County has been the fastest-growing county in the Richmond metropolitan area for the past five years, adding more than 36,000 residents during that time.
Projected distributions are the sponsor's estimates of annual cash flow on invested equity. They are not guaranteed, may change or stop, and may include a return of capital. LTV is the offering's debt divided by its total capitalization. Information reflects my offering records as of October 28, 2026 and may have changed. This page is not an offer to sell or a solicitation of an offer to buy any security; offers are made only through the offering documents to eligible investors.
