Colony at Centerpointe Apartments
Multifamily property in Midlothian, VA · sponsored by Capital Square
Active offeringLatest Form D filed Jun 24, 2026 (opens in a new tab)
Colony at Centerpointe Apartments is a DST sponsored by Capital Square that owns a multifamily property in Midlothian, VA (255 units). Its latest Form D, filed Jun 24, 2026, lists a $42.9 million offering with a $50,000 minimum.
Key facts
- Minimum investment
- $50,000From the Form D
- Offering size
- $42,950,000Equity offered, per the Form D
- Sold so far
- None reported as of Jun 24, 2026Form D, Jun 24, 2026
- Selling commissions
- Form D Item 15; the % is our arithmetic$3,607,800 · 8.4% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.How it is financed ↓
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
Sales so far
- Latest Form D
- Jun 24, 2026 · 1 filing
No sales reported in a Form D amendment yet. Latest notice Jun 24, 2026.
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Ask a 1031 specialist about this recordFree. About: Colony at Centerpointe Apartments. Top1031 is not a broker-dealer.Colony at Centerpointe Apartments · Midlothian, VA · Photo: resource.rentcafe.com
What does the Trust own?
Capital Square describes a Class A- garden-style community completed in 2016, with one-, two- and three-bedroom apartments in Chesterfield County, inside the Richmond metro area. 2 The community operated as Oxygen at Centerpointe before Preferred Apartment Communities bought it in 2017 for $46 million. 4 A published transfer entry names PAC Midlothian LLC as the seller at $74,600,000, dated June 29, 2026. 6
- Property address
- 14400 Palladium Drive, Midlothian, VA
- Property size
- 255 units
How is it financed, and what did it cost to sell?
Baker 1031's offering summary reports a nonrecourse acquisition loan from KeyBank National Association under Fannie Mae's DUS program, meaning the lender's remedy is the property itself, not investors personally. 5 Payments are interest-only, so the loan balance does not pay down during the term. 5
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
- May convert to a REIT (721)
- Loan-to-value
- 56% (purchase price) From Capital Square’s offering documents (Jun 2026). As reported by the sponsor.
- Target hold
- 7 years From Capital Square’s offering documents (Jun 2026). As reported by the sponsor.
Costs and terms from the Form D
- Selling commissions
- $3,607,800 · 8.4% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $328,400 · 0.7% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- WealthForge Distribors, LLC · CRD 330314
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Not in the Form D
- Minimum investment
- $50,000
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.
What are the deal terms?
From Capital Square’s offering documents (Jun 2026).
Your exit
- Can the sponsor's affiliate buy investors out?
- Yes
Rent and the bills
- Who pays rent to the trust?
- A master tenant affiliated with the sponsor
- Who pays for roof and structural repairs?
- Investors, through the trust
- Who pays if taxes or insurance go up?
- Investors, through the trust
- Was the property bought from a sponsor affiliate?
- No
Your rights
- Can investors remove the manager?
- No
- How are disputes with the sponsor resolved?
- Mandatory arbitration
Who's behind the Trust?
Capital Square is a repeat sponsor of Section 1031 replacement-property DSTs, with a concentration in Richmond-area multifamily. It announced this Offering's launch on August 3, 2026. 3 Richmond BizSense reported on July 8, 2026 that the Chesterfield County purchase came days after Capital Square sold a Goochland County property for $115 million. 4
- Sponsor
- Offerings on record
What does the SEC record show?
The record holds the initial notice alone. A Form D tells the SEC that an exempt offering exists; it is not an approval or a review. Because the claimed exemption allows general advertising, the sponsor verifies each buyer's accredited status rather than accepting a self-certification.
- Legal Trust name
- CS1031 Colony at Centerpointe Apartments, DST
- SEC CIK
- 2142183
- First Form D
- Jun 24, 2026
- Latest Form D
- Jun 24, 2026
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D | $42,950,000 | $0 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Common questions
- Is Colony at Centerpointe Apartments an active offering?
- Colony at Centerpointe Apartments is an Active offering: its latest Form D was filed Jun 24, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
- Does Colony at Centerpointe Apartments have a 721 UPREIT exit?
- The record lists a possible 721 exit for Colony at Centerpointe Apartments. It is an option, not a completed transaction; the offering documents set whether and when it can happen. In a 721 exchange, or UPREIT, the DST’s property is contributed to a REIT’s operating partnership and investors receive operating-partnership units instead of cash.
- How a DST-to-721 UPREIT exit works
- What exactly does this Trust own?
- One garden-style apartment community at 14400 Palladium Drive in Midlothian, Virginia, in Chesterfield County within the Richmond metro area. The community holds 255 units. Capital Square describes it as Class A-, completed in 2016, with one-, two- and three-bedroom apartments. Richmond BizSense reports the property was formerly named Oxygen at Centerpointe.
- What did the Trust pay for the property, and when did it close?
- Richmond BizSense's published property transfer entry lists a $74,600,000 price and a June 29, 2026 sale date, naming PAC Midlothian LLC as seller and CS1031 Colony at Centerpointe Apartments DST as buyer. The same publication reported on July 8, 2026 that Preferred Apartment Communities had bought the community in 2017 for $46 million.
- How is the Trust financed?
- Baker 1031's offering summary reports a $41,774,000 nonrecourse acquisition loan from KeyBank National Association under the Fannie Mae DUS program, with interest-only payments through a seven-year term. Nonrecourse means the lender's claim runs to the property rather than to investors personally. Baker 1031 puts the debt at roughly 49% of total offering capitalization, a comparison of the loan with debt plus equity rather than with the purchase price.
- Who pays the rent, and how full is the property?
- Apartment residents pay the rent on short leases, so there is no single corporate tenant. Baker 1031's offering summary describes a seven-year master lease to a Capital Square affiliate that operates the community and pays rent to the Trust, with base rent sized to cover debt service and lender reserves and bonus rent possible if income exceeds an annual benchmark. Capital Square's August 3, 2026 release reported the community 94.1% occupied, a sponsor-reported point-in-time figure.
- Can investors roll into a REIT at the end?
- No. This Trust is not structured for a 721 exchange, sometimes called an UPREIT, in which investors swap their interests for operating partnership units in a real estate investment trust. The record shows a straight real estate holding instead, so an eventual sale of the property is the path the structure contemplates.
- What is the minimum investment?
- The Form D filed June 24, 2026 states a $50,000 minimum from an outside investor. Baker 1031's summary of the same offering lists a $98,629 minimum. Interests are offered under Rule 506(c), the private-placement exemption that permits general solicitation but requires the sponsor to verify that each buyer is accredited, meaning the buyer meets SEC income or net-worth tests.
In the news
Sources
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DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current offering documents before investing.