Capital Square 1031 has acquired 2000 West Creek, a 373-unit rental property in Richmond, Virgina, from Bristol Development Group for $103m. The property features a mix of one- and two-bedroom apartments with common amenities including a resort-style swimming pool and outdoor courtyard. The deal was brokered by Colliers International.
“Capital Square emerged from a group of qualified buyers that included institutional, family-office and high-net-worth capital sources from across the county, seeking to capitalize on the strong apartment fundamentals that Richmond is experiencing,” said Charles Wentworth, senior vice president of Colliers International Mid-Atlantic Multifamily Advisory Group.
