Colony at Centerpointe Apartments
Multifamily - garden-style apartments in Midlothian, VA — sponsored by Capital Square
$43M offering; Class A-, built 2016; 1-3BR; Chesterfield County, Richmond MSA; avg HH income $137k/2mi
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What is this, in one paragraph?
CS1031 Colony at Centerpointe Apartments, DST is a Delaware statutory trust — a passive co-ownership vehicle a 1031-exchange buyer holds without managing it — owning a 255-unit garden-style apartment community in Midlothian, Virginia, outside Richmond. Richmond BizSense, citing county records, reported Capital Square bought it for $74.6 million in a sale that closed June 29, 2026.2 Capital Square announced the DST launch on August 3, 2026.1
Minimum investment
$50k
Offering size
$43.0M
How much has sold
None sold yet
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
Capital Square's offering materials describe a garden-style community completed in 2016.3 Preferred Apartment Communities bought it in 2017, when it was known as Oxygen at Centerpointe, for $46 million, then sold it to Capital Square for $74.6 million in a sale Richmond BizSense reported closed June 29, 2026, citing county records.2 Units run one to three bedrooms and average 1,149 square feet, per the sponsor's August 3, 2026 release.5
- Property address
- 14400 Palladium Drive, Midlothian, VA
- Property size
- 255 units
Who is the tenant, and what's the lease?
There is no single commercial tenant here — income comes from residents on apartment leases, with a master tenant standing between the Trust and daily operations. Capital Square's offering page states that the master tenant's capitalization is supported solely by cash flow from the underlying tenant leases.3 The sponsor reported the community 94.1% occupied on August 3, 2026.1
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
Raise history appears here once sales are filed — free account required.
How is it financed, and what does it pay?
Neither the Form D nor the sponsor materials reviewed identifies property-level debt, a lender, or whether the Trust is leveraged; Top1031 records leverage as unknown. No primary loan or lender record was located in research through September 5, 2026. The private placement memorandum (PPM) — the offering's full legal disclosure document — is where that structure is settled.
Who's behind it?
Capital Square is a repeat sponsor of Section 1031 replacement-property DSTs; on March 11, 2026 it announced that three earlier DSTs — Parkland Apartments, Tapestry West Apartments and Lyric at Norton Commons — were fully subscribed, totaling $396 million. Its property-management affiliate, Capital Square Living, says it has welcomed Colony at Centerpointe to the CSL family.6 Richmond BizSense reported on July 8, 2026 that this Chesterfield County purchase came days after the sponsor's $115 million sale in Goochland County.2
- Sponsor
- Capital Square
- May convert to a REIT
- No
- Offerings from this sponsor
- 8 active / 28 total offerings from Capital Square
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The record begins with a new-notice Form D rather than an amendment; Capital Square announced the launch on August 3, 2026.1 The filing names Capital Square Realty Advisors, LLC and CSRA Manager, LLC in director roles and Louis Rogers as executive officer.4 Interests are offered under the exemption permitting general solicitation, so the sponsor must verify accredited status.
- Form D filedFirst and latest filing on record.
- Legal Trust name
- CS1031 Colony at Centerpointe Apartments, DST
- Filings on record
- 1
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
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.
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 Private Placement Memorandum before investing.
Common questions
Is Colony at Centerpointe Apartments still raising money?
Availability unconfirmed. Active means a filing within the past 15 months; it does not by itself establish current subscription availability.
Where does Top1031 get the data for Colony at Centerpointe Apartments?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
What exactly does this Trust own?
A single 255-unit garden-style apartment community at 14400 Palladium Drive in Midlothian, Virginia, in Chesterfield County within the Richmond metro area. Capital Square describes it as Class A-, completed in 2016, with one-, two- and three-bedroom apartments averaging 1,149 square feet. Richmond BizSense described the complex as roughly ten buildings.
What did Capital Square pay for the property, and when did it close?
Richmond BizSense, citing Chesterfield County records, reported that Capital Square bought the community at 14400 Palladium Drive for $74.6 million in a sale that closed June 29, 2026. The seller was Preferred Apartment Communities, which had bought the property in 2017, when it was named Oxygen at Centerpointe, for $46 million. The PPM's sources-and-uses section is where the Trust's own acquisition figures are stated.
Is the Offering still open?
Capital Square announced the launch on August 3, 2026, and Top1031 records the Trust as raising. The subscription figures shown on this page come from the most recent Form D on file with the SEC, which is still the initial new notice filed June 24, 2026; research through September 5, 2026 found no later Form D. An SEC filing is a notice, not an approval, and it does not confirm that interests remain available today.
What is the minimum investment, and how is it offered?
The Form D filed June 24, 2026 reports a $50,000 minimum investment from an outside investor and estimated sales commissions of $3,607,800. Interests are offered only to accredited investors — buyers meeting SEC income or net-worth thresholds — and the filing identifies the offering as made under Rule 506(c), the exemption that permits general solicitation but requires the sponsor to verify accredited status rather than accept self-certification.
Is the Trust leveraged?
Public records reviewed do not say. The June 24, 2026 Form D discloses no debt as a security offered, and the sponsor materials reviewed for this Trust name no lender, loan amount or loan terms. One third-party marketplace listing shows a loan-to-value figure, but research through September 5, 2026 located no primary loan or lender record behind it, so the figure is unresolved. The PPM's financing section and the loan documents are what settle this.
How full is the property, and who operates it?
Capital Square's August 3, 2026 launch announcement reported the community 94.1% occupied — a sponsor-reported, point-in-time figure, not an audited operating statement. Richmond BizSense reported on July 8, 2026 that sponsor representatives put occupancy at about 95%. Capital Square Living, the sponsor's management affiliate, says it has welcomed the property to its family of communities; the materials reviewed describe a master-tenant structure but do not name the master tenant. The master lease and current rent roll settle operations today.
Chapter 9Capital Square Launches $42.95 Million DST for Apartment Community Near Richmond, VirginiaCapital Square announced the launch of a $42.95 million Delaware Statutory Trust offering tied to the Colony at Centerpointe apartment community near Richmond, Virginia. Days after $115M sale in Goochland, Capital Square makes $75M buy in ChesterfieldLocal business journal reports Capital Square acquired a multifamily complex of about 10 buildings in Midlothian, Chesterfield County, one week after its $115M 2000 West Creek disposition.