Everleigh Short Pump
Multifamily - active adult 55+ age-restricted property in Henrico, VA — sponsored by Capital Square
Files with the SEC as CS1031 Richmond Active Living Apartments, DST
Minimum investment
$50k
Offering size
$33.3M
How much has sold
None sold yet
Asset type
Multifamily - active adult 55+ age-restricted property
Location
Henrico, VA
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Everleigh Short Pump is a Class A apartment community in Henrico County, Virginia, restricted to residents 55 and older, held in a Delaware statutory trust — the fractional-ownership vehicle 1031 exchangers use to defer capital-gains tax.1 Capital Square bought the 2019-built property for $63.5 million in a sale recorded January 5, 2026.2 The sponsor announced the Offering fully subscribed on July 13, 2026, with equity from 108 investors.3
$33.3M offering; Class A; marked Closed on sponsor portfolio page (Jul 2026); Short Pump submarket
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These links support the public record as a whole; individual details may come from different 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?
Greystar built Everleigh in 2019 as a rental community for residents 55 and older in Richmond's Short Pump submarket.2 Capital Square bought it for $63.5 million in a sale recorded January 5, 2026 — what Richmond BizSense reported as a per-door price record for the Richmond region.2 That article, dated February 2, 2026, put occupancy at nearly 100%.2
- Property address
- 12651 Three Chopt Rd, Henrico, VA
- Property size
- 165 units; 83 one-bedroom, 80 two-bedroom, and 2 three-bedroom homes averaging 1,001 square feet
Who is the tenant, and what's the lease?
There is no single corporate tenant here: income comes from residents signing individual apartment leases, and Greystar manages the community day to day.5 The sources reviewed do not name a master tenant for the Trust, so that operating chain has to be confirmed in the private placement memorandum, the offering's governing disclosure document.
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.
The sponsor reported this offering sold out without filing per-sale amendments, so there is no raise history to show.
How is it financed, and what does it pay?
The Trust is leveraged rather than all-cash: sponsor materials describe a fixed-rate property loan funding part of the purchase alongside investor equity, with an interest-only period before principal amortization begins.4 No lender is named and no executed loan document appears in the public record reviewed.
Who's behind it?
Capital Square sponsors Delaware statutory trusts for 1031 exchange buyers from Richmond, Virginia, and describes itself as a vertically integrated national real estate firm specializing in tax-advantaged investments.1 This community sits in its home metro. The firm announced the Offering on December 29, 2025 and announced the full subscription roughly seven months later, on July 13, 2026.3 On August 25, 2026 it added Phillip Jensen to the national accounts team that distributes its offerings.
- Sponsor
- Capital Square
- Legal Trust name
- CS1031 Richmond Active Living Apartments, DST
- 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?
Only the original Form D — the brief notice an issuer files with the SEC for a private offering — sits on EDGAR, so its sales snapshot dates from the Offering's start rather than the close Capital Square announced on July 13, 2026.3 The exemption claimed permits general advertising but limits buyers to verified accredited investors.
- Form D filedFirst and latest filing on record.
- 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 Everleigh Short Pump still raising money?
Top1031 lists Everleigh Short Pump as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for Everleigh Short Pump?
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.
Can I still invest in this Trust?
No. Capital Square announced on July 13, 2026 that CS1031 Richmond Active Living Apartments, DST was fully subscribed, having raised equity from 108 investors. The Trust is closed to new investors, so acquiring an interest would require a private transfer from an existing beneficial owner, subject to the trust agreement.
When did the Trust buy the property, and for how much?
Richmond BizSense reported on February 2, 2026 that Capital Square purchased the Everleigh apartments at 12651 Three Chopt Road for $63.5 million, with the sale recorded January 5, 2026, and described it as a per-door price record for the Richmond region. Capital Square's offering brochure dated December 17, 2025 gives that date as the acquisition date and states a total investment cost of $72,379,000, which includes acquisition and offering costs beyond the purchase price.
What debt does the Trust carry?
Capital Square's offering brochure, dated December 17, 2025, reports a 53.99% loan-to-value, a 4.97% fixed property-loan rate, a 10-year loan term, 30-year amortization and six years of interest-only payments. The brochure materials reviewed do not name the lender, and no executed loan document was located in public sources reviewed on August 30, 2026. The loan agreement and current balance would have to be confirmed against the private placement memorandum.
What does "active adult 55+" mean here?
It is market-rate apartment housing whose residents must be 55 or older, leased unit by unit rather than operated as assisted living or skilled nursing. The property's leasing page identifies Greystar as the manager. The private placement memorandum is where to confirm which services and amenities are included and how the age restriction is enforced.
How full is the building?
Capital Square reported Everleigh Short Pump at 95.7% occupancy in its launch announcement dated December 29, 2025, and Richmond BizSense reported occupancy at nearly 100% in an article dated February 2, 2026. Both are acquisition-era figures; no later dated occupancy number was established in public sources reviewed on August 30, 2026.
Where can I see the primary filing?
The Form D is on EDGAR under CIK 0002103922 and the legal name CS1031 Richmond Active Living Apartments, DST, filed January 6, 2026. Nothing has been filed since, so its sales figures reflect the Offering's start rather than the full subscription Capital Square announced on July 13, 2026.
Chapter 9Capital Square Fully Subscribes Richmond Active-Adult DST OfferingPress release distributed via Business Wire/Yahoo Finance confirming the full subscription of the CS1031 Richmond Active Living Apartments DST holding the Everleigh Short Pump 55+ community, citing regional Eli Lilly and LEGO catalysts. Capital Square sets new local per-door price record with $63M Short Pump apartment dealLocal business-journal property-level coverage noting Capital Square purchased the Everleigh apartment community in Short Pump for $63.5 million, a regional per-door price record, the deal underlying the active-adult DST. Capital Square Launches New Active Living DST Offering in Richmond's Short Pump SubmarketWire-distributed version of the Everleigh Short Pump DST launch announcement, citing 165-unit, 1-3BR active-adult community with nine-foot ceilings and a heated pool.