This opportunity is available for investment
Colony at Centerpointe is a 255-unit, Class A-, garden-style apartment community built in 2016 and situated on approximately 17.828 acres within the Centerpointe master-planned community in Chesterfield County in the Richmond, Virginia metropolitan area.
High-quality interior finishes throughout include granite countertops, stainless steel appliances, LVP flooring, shaker-style cabinetry, brushed nickel hardware, in-unit washer/dryer, private balconies or patios, walk-in closets and nine-foot ceilings.
All information is subject to the Sponsor's official Investment Documentation. For more information, including risk factors, view the .
Key benefits and features of this investment opportunity
All information is subject to the Sponsor's official Investment Documentation. For more information, including risk factors, view the .
The property is approximately 94.1% occupied with an average in-place monthly rent of $1,813 per unit as of June 2026.
Colony at Centerpointe offers one-, two- and three-bedroom apartments, averaging 1,149 square feet.
The property is adjacent to Sapphire at Centerpointe, a 192-unit community also managed by Capital Square Living. The proximity of the properties allows for coordinated staffing, maintenance and vendor relationships, as well as shared operational oversight, positioning the properties to benefit from scale while maintaining distinct identities. Capital Square oversees 19 multifamily properties with more than 4,200 apartments in total throughout the Richmond metropolitan area.
A combination of location and connectivity that has positioned Midlothian as one of the top suburban communities in Virginia. Colony at Centerpointe sits in Midlothian, one of Richmond’s most established and desirable suburban corridors, roughly 15 miles southwest of downtown along Route 60 and within Chesterfield County.
The Centerpointe master-planned community is surrounded by established neighborhoods, like Brandermill, Hallsley and Charter Colony, with easy access to the Powhite Parkway and Route 288.
The submarket’s demographics are among the strongest in the Richmond MSA. Average household income is $137,000 within two miles and $142,000 within five miles, and the population within two miles grew 8.3% from 2020 to 2025 (8.9% within five miles).1
Chesterfield County is the largest locality in the Richmond MSA and registered the largest nominal population increase of any of Virginia’s 133 jurisdictions from 2020 to 2025, adding 36,753 residents to reach a total population of 401,301. Chesterfield accounted for 42% of all population growth across the Richmond MSA during that period.1
Current in-place rents represent a rent-to-income ratio well below 30%, which supports both demand durability and meaningful runway for rent growth over the hold period.2
Renting at Colony is approximately 41% less expensive than homeownership in the immediate submarket, where average home values were $574,793 as of June 2.3
Class A assets in Midlothian have grown rents by more than 22% over the past five years. The competitive backdrop is favorable. Vacancy across the broader competitive set averages 7.2% according to CoStar, while Colony at Centerpointe is currently approximately 94.1% occupied. The three multifamily projects under construction in the broader area are located several miles away on or near Midlothian Turnpike, with no new multifamily projects underway within three miles of the property.
The Chesterfield County Public Schools district is ranked among the top ten school districts in Virginia, and Colony at Centerpointe’s designated schools reflect that reputation: Midlothian High School (Niche grade: A), Tomahawk Creek Middle School (B) and Evergreen Elementary (B). The Sponsor believes that the school system is a meaningful driver of household demand in the submarket and helps support long-term occupancy stability.
The area surrounding Colony is seeing meaningful development activity that is elevating the submarket’s overall appeal. Notable projects include Midlothian Depot (Whole Foods-anchored, opening Spring 2027), Springline at District 60 ($210 million mixed-use redevelopment), The Lake ($323 million mixed-use project with a destination surf park) and Cosby Village Square (Publix anchored, 122,560 square-feet). Google also recently acquired 1,500+ acres across Chesterfield County as part of its broader $9 billion Virginia investment.
Footnotes:
1. Chesterfield Economic Development, Population & Demographics, 2026.
2. CoStar, 2026.
3. Homes.com — Accessed June 2, 2026.
The offering documents below have been prepared and are being delivered by the Sponsor of this investment opportunity.
Get help from our team of investment specialists or use our portfolio builder tool to model this investment in your 1031 exchange strategy.
Property Type
Multifamily
Location
Midlothian, VA
Year Built
2016
Occupancy Rate
94.1%
Please refer to the CS1031 Colony at Centerpointe Apartments, DST - Private Placement Memorandum for more details regarding distributions and risk factors of the investment.
Capital Square Realty Advisors, LLC
Capital Square Realty Advisors, LLC ("Capital Square" or the "Sponsor") is a national real estate firm headquartered in Richmond, Virginia. Capital Square specializes in sponsoring tax-advantaged real estate offerings, including Delaware statutory trusts ("DST"), qualified opportunity zone funds and a real estate investment trust, and development funds. The investor-centric firm has completed more than $7.8 billion in transaction volume and has overseen more than 170 real estate assets nationally. The firm is a leading sponsor of DST offerings for investors seeking replacement property as part of a Section 1031 exchange and other investors seeking cash flow and appreciation. The firm provides a range of services on a turn-key basis, including due diligence, acquisition, loan sourcing, property/asset management, and disposition, for over 6,500 high net worth investors, private equity firms, family offices and institutional investors nationwide. Capital Square strategically focuses on multifamily, healthcare, industrial and office properties for most of its DST offerings. Capital Square sponsors turn-key real estate investment offerings with low investment minimums to provide investors greater access to real estate investments. Since 2017, Capital Square has been recognized by Inc. 5000 as one of the fastest growing companies in the nation for nine consecutive years. In 2017, 2018 and 2020, the company was also ranked on Richmond BizSense's list of fastest growing companies. Additionally, Capital Square was listed by Virginia Business on their "Best Places to Work in Virginia" report in 2019 and their "Fantastic 50" reports in 2019 and 2020. In 2023, Capital Square was recognized by the Richmond Times-Dispatch as one of the region's "Top Workplaces." In 2024, the firm was ranked #54 among the Top Inspiring Workplaces in North America.
For more information, view the .
All details presented on this page are subordinate to and qualified entirely by the comprehensive information contained within the Sponsor's official Investment Documentation. The content displayed here remains incomplete and may be modified by the Sponsor without notice prior to closing. The Sponsor's Investment Documentation and related materials include critical details regarding investment goals, business strategies, potential risks, fees, costs, and additional material information that should be thoroughly evaluated before making any investment decision. The information presented on this page is insufficient for making informed investment choices.
This investment is speculative, highly illiquid, and involves substantial risk. There can be no assurances that all or any of Sponsor's assumptions, expectations, estimates, goals, hypothetical illustrations, or other aspects of Sponsor's business plans ("Assumptions") will be true or that actual performance will bear any relation to Sponsor's Assumptions, and no guarantee or representation is made that Sponsor's Assumptions will be achieved. If Sponsor does not achieve its Assumptions, your investment could be materially and adversely affected. A loss of part or all of the principal value of your investment may occur. You should not invest unless you can readily bear the consequences of such loss. Sponsor's Assumptions should not be relied upon as the primary basis for your decision to invest.
Sponsor is solely responsible for statements made concerning forward-looking statements and Assumptions, which apply only as of the date made, are preliminary and subject to change, and are expressly qualified in their entirety by the disclosures and cautionary statements included in Sponsor's Investment Documents, which you should carefully review. A Sponsor is obligated to update or revise such forward-looking statements or Assumptions to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Sponsor's forward-looking statements and Assumptions are hypothetical, not based on actual investment achievements or events, and are presented solely for purposes of providing insight into the Sponsor's investment objectives, detailing Sponsor's anticipated risk and reward characteristics, and establishing a benchmark for future evaluation of actual results; therefore, they are not a predictor, projection, or guarantee of future results. You should not rely on Sponsor's forward-looking statements as a basis to invest.
Importantly, we do not adopt, endorse, or provide any assurance of returns or as to the accuracy or reasonableness of Sponsor's Assumptions or forward-looking statements.
Any reference to historical performance does not indicate future results and should not be considered the primary factor in investment decisions.
Sponsor's securities offering will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), in reliance upon the exemptions from registration pursuant to Rule 506(c) of Regulation D as promulgated under the Securities Act ("Private Placement"). In addition, the offering will not be registered under any state securities laws in reliance on exemptions from state registration. Such securities (your ownership interests) are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under applicable state and federal securities laws pursuant to registration or an available exemption. All Private Placements on the Platform are intended solely for "Accredited Investors," as that term is defined in Rule 501(a) under the Securities Act.
Nothing presented on this page constitutes investment advice (whether regarding specific securities or overall investment strategies), recommendations, offers to sell, or solicitations to purchase any security. Professional securities advice is strongly recommended to comprehend and evaluate the risks inherent in real estate or private placement investments.
Internal Revenue Code Section 1031 ("Section 1031") involves intricate tax principles, and tax implications may differ based on individual investor circumstances. Anchor1031, LLC and Quincy Wells Capital, LLC provide no representations or warranties regarding the tax consequences of your investment or whether the IRS will accept such tax treatment. Consultation with and reliance upon your personal tax advisor regarding tax implications specific to your situation is essential.
Colony at Centerpointe is a 255-unit, Class A-, garden-style apartment community built in 2016 and situated on approximately 17.828 acres within the Centerpointe master-planned community in Chesterfield County in the Richmond, Virginia metropolitan area.
High-quality interior finishes throughout include granite countertops, stainless steel appliances, LVP flooring, shaker-style cabinetry, brushed nickel hardware, in-unit washer/dryer, private balconies or patios, walk-in closets and nine-foot ceilings.
All information is subject to the Sponsor's official Investment Documentation. For more information, including risk factors, view the .
Key benefits and features of this investment opportunity
All information is subject to the Sponsor's official Investment Documentation. For more information, including risk factors, view the .
The property is approximately 94.1% occupied with an average in-place monthly rent of $1,813 per unit as of June 2026.
Colony at Centerpointe offers one-, two- and three-bedroom apartments, averaging 1,149 square feet.
The property is adjacent to Sapphire at Centerpointe, a 192-unit community also managed by Capital Square Living. The proximity of the properties allows for coordinated staffing, maintenance and vendor relationships, as well as shared operational oversight, positioning the properties to benefit from scale while maintaining distinct identities. Capital Square oversees 19 multifamily properties with more than 4,200 apartments in total throughout the Richmond metropolitan area.
A combination of location and connectivity that has positioned Midlothian as one of the top suburban communities in Virginia. Colony at Centerpointe sits in Midlothian, one of Richmond’s most established and desirable suburban corridors, roughly 15 miles southwest of downtown along Route 60 and within Chesterfield County.
The Centerpointe master-planned community is surrounded by established neighborhoods, like Brandermill, Hallsley and Charter Colony, with easy access to the Powhite Parkway and Route 288.
The submarket’s demographics are among the strongest in the Richmond MSA. Average household income is $137,000 within two miles and $142,000 within five miles, and the population within two miles grew 8.3% from 2020 to 2025 (8.9% within five miles).1
Chesterfield County is the largest locality in the Richmond MSA and registered the largest nominal population increase of any of Virginia’s 133 jurisdictions from 2020 to 2025, adding 36,753 residents to reach a total population of 401,301. Chesterfield accounted for 42% of all population growth across the Richmond MSA during that period.1
Current in-place rents represent a rent-to-income ratio well below 30%, which supports both demand durability and meaningful runway for rent growth over the hold period.2
Renting at Colony is approximately 41% less expensive than homeownership in the immediate submarket, where average home values were $574,793 as of June 2.3
Class A assets in Midlothian have grown rents by more than 22% over the past five years. The competitive backdrop is favorable. Vacancy across the broader competitive set averages 7.2% according to CoStar, while Colony at Centerpointe is currently approximately 94.1% occupied. The three multifamily projects under construction in the broader area are located several miles away on or near Midlothian Turnpike, with no new multifamily projects underway within three miles of the property.
The Chesterfield County Public Schools district is ranked among the top ten school districts in Virginia, and Colony at Centerpointe’s designated schools reflect that reputation: Midlothian High School (Niche grade: A), Tomahawk Creek Middle School (B) and Evergreen Elementary (B). The Sponsor believes that the school system is a meaningful driver of household demand in the submarket and helps support long-term occupancy stability.
The area surrounding Colony is seeing meaningful development activity that is elevating the submarket’s overall appeal. Notable projects include Midlothian Depot (Whole Foods-anchored, opening Spring 2027), Springline at District 60 ($210 million mixed-use redevelopment), The Lake ($323 million mixed-use project with a destination surf park) and Cosby Village Square (Publix anchored, 122,560 square-feet). Google also recently acquired 1,500+ acres across Chesterfield County as part of its broader $9 billion Virginia investment.
Footnotes:
1. Chesterfield Economic Development, Population & Demographics, 2026.
2. CoStar, 2026.
3. Homes.com — Accessed June 2, 2026.
The offering documents below have been prepared and are being delivered by the Sponsor of this investment opportunity.
Get help from our team of investment specialists or use our portfolio builder tool to model this investment in your 1031 exchange strategy.
Property Type
Multifamily
Location
Midlothian, VA
Year Built
2016
Occupancy Rate
94.1%
Please refer to the CS1031 Colony at Centerpointe Apartments, DST - Private Placement Memorandum for more details regarding distributions and risk factors of the investment.
Capital Square Realty Advisors, LLC
Capital Square Realty Advisors, LLC ("Capital Square" or the "Sponsor") is a national real estate firm headquartered in Richmond, Virginia. Capital Square specializes in sponsoring tax-advantaged real estate offerings, including Delaware statutory trusts ("DST"), qualified opportunity zone funds and a real estate investment trust, and development funds. The investor-centric firm has completed more than $7.8 billion in transaction volume and has overseen more than 170 real estate assets nationally. The firm is a leading sponsor of DST offerings for investors seeking replacement property as part of a Section 1031 exchange and other investors seeking cash flow and appreciation. The firm provides a range of services on a turn-key basis, including due diligence, acquisition, loan sourcing, property/asset management, and disposition, for over 6,500 high net worth investors, private equity firms, family offices and institutional investors nationwide. Capital Square strategically focuses on multifamily, healthcare, industrial and office properties for most of its DST offerings. Capital Square sponsors turn-key real estate investment offerings with low investment minimums to provide investors greater access to real estate investments. Since 2017, Capital Square has been recognized by Inc. 5000 as one of the fastest growing companies in the nation for nine consecutive years. In 2017, 2018 and 2020, the company was also ranked on Richmond BizSense's list of fastest growing companies. Additionally, Capital Square was listed by Virginia Business on their "Best Places to Work in Virginia" report in 2019 and their "Fantastic 50" reports in 2019 and 2020. In 2023, Capital Square was recognized by the Richmond Times-Dispatch as one of the region's "Top Workplaces." In 2024, the firm was ranked #54 among the Top Inspiring Workplaces in North America.
For more information, view the .
All details presented on this page are subordinate to and qualified entirely by the comprehensive information contained within the Sponsor's official Investment Documentation. The content displayed here remains incomplete and may be modified by the Sponsor without notice prior to closing. The Sponsor's Investment Documentation and related materials include critical details regarding investment goals, business strategies, potential risks, fees, costs, and additional material information that should be thoroughly evaluated before making any investment decision. The information presented on this page is insufficient for making informed investment choices.
This investment is speculative, highly illiquid, and involves substantial risk. There can be no assurances that all or any of Sponsor's assumptions, expectations, estimates, goals, hypothetical illustrations, or other aspects of Sponsor's business plans ("Assumptions") will be true or that actual performance will bear any relation to Sponsor's Assumptions, and no guarantee or representation is made that Sponsor's Assumptions will be achieved. If Sponsor does not achieve its Assumptions, your investment could be materially and adversely affected. A loss of part or all of the principal value of your investment may occur. You should not invest unless you can readily bear the consequences of such loss. Sponsor's Assumptions should not be relied upon as the primary basis for your decision to invest.
Sponsor is solely responsible for statements made concerning forward-looking statements and Assumptions, which apply only as of the date made, are preliminary and subject to change, and are expressly qualified in their entirety by the disclosures and cautionary statements included in Sponsor's Investment Documents, which you should carefully review. A Sponsor is obligated to update or revise such forward-looking statements or Assumptions to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Sponsor's forward-looking statements and Assumptions are hypothetical, not based on actual investment achievements or events, and are presented solely for purposes of providing insight into the Sponsor's investment objectives, detailing Sponsor's anticipated risk and reward characteristics, and establishing a benchmark for future evaluation of actual results; therefore, they are not a predictor, projection, or guarantee of future results. You should not rely on Sponsor's forward-looking statements as a basis to invest.
Importantly, we do not adopt, endorse, or provide any assurance of returns or as to the accuracy or reasonableness of Sponsor's Assumptions or forward-looking statements.
Any reference to historical performance does not indicate future results and should not be considered the primary factor in investment decisions.
Sponsor's securities offering will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), in reliance upon the exemptions from registration pursuant to Rule 506(c) of Regulation D as promulgated under the Securities Act ("Private Placement"). In addition, the offering will not be registered under any state securities laws in reliance on exemptions from state registration. Such securities (your ownership interests) are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under applicable state and federal securities laws pursuant to registration or an available exemption. All Private Placements on the Platform are intended solely for "Accredited Investors," as that term is defined in Rule 501(a) under the Securities Act.
Nothing presented on this page constitutes investment advice (whether regarding specific securities or overall investment strategies), recommendations, offers to sell, or solicitations to purchase any security. Professional securities advice is strongly recommended to comprehend and evaluate the risks inherent in real estate or private placement investments.
Internal Revenue Code Section 1031 ("Section 1031") involves intricate tax principles, and tax implications may differ based on individual investor circumstances. Anchor1031, LLC and Quincy Wells Capital, LLC provide no representations or warranties regarding the tax consequences of your investment or whether the IRS will accept such tax treatment. Consultation with and reliance upon your personal tax advisor regarding tax implications specific to your situation is essential.
