Everleigh Short Pump
Multifamily - active adult 55+ age-restricted property in Henrico, VA — sponsored by Capital Square
$33.3M offering; Class A; marked Closed on sponsor portfolio page (Jul 2026); Short Pump submarket
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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 Offering materials report the Trust acquired it on December 17, 2025 for $63.5 million.2 Capital Square announced the Offering fully subscribed on July 13, 2026, with equity from 108 investors.3
Minimum investment
$50k
Offering size
$33.3M
How much has sold
None sold yet
Financing
All cash. This offering reports no 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 brochure reports the community was completed in 2020 as Class A, age-restricted rental housing for residents 55 and older.1 The Trust acquired it on December 17, 2025 from an unaffiliated seller for $63.5 million.2 Richmond BizSense called that price a per-door record for the region in coverage dated February 2, 2026.4 Capital Square's December 29, 2025 launch release reported the community 95.7% occupied.5
- 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' individual apartment leases. Offering materials state the property is master leased to a Capital Square affiliate, the usual DST arrangement that keeps the trust itself passive, and is managed on site by Greystar Active Adult.2
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: a nonrecourse loan — repayable from the property rather than from investors personally — funded part of the purchase, made by KeyBank National Association under a Freddie Mac origination program.2 Payments run interest-only at first, then amortize, with an initial maturity in January 2036.2
Who's behind it?
Capital Square Realty Advisors, LLC is named as the sponsor; the firm packages Delaware statutory trusts for buyers completing 1031 exchanges.2 The Form D lists the Trust at 4851 Lake Brook Drive in Glen Allen, Virginia — the same metro as the property.3 Capital Square announced the Offering on December 29, 2025.5 It reported the raise fully subscribed roughly seven months later, on July 13, 2026, with equity from 108 investors.6
- 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?
One Form D — the brief notice an issuer files with the SEC for a private offering — is on record with no amendment since, so its sales snapshot reflects the Offering's opening rather than the close Capital Square announced on July 13, 2026.6 The exemption claimed permits public advertising but limits buyers to accredited investors whose status is verified.
- Form D filedFirst and latest filing on record.
- Legal Trust name
- CS1031 Richmond Active Living 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 Everleigh Short Pump still raising money?
Sold out. 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 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?
Offering materials for the Trust state it acquired Everleigh Short Pump on December 17, 2025 from an unaffiliated seller for $63,500,000, and state a total investment cost of $72,379,000, which covers acquisition plus offering and reserve costs beyond the purchase price. Richmond BizSense reported on February 2, 2026 that the $63.5 million price was a per-door record for the Richmond region.
What debt does the Trust carry?
The offering page for the Trust describes a $39,079,000 nonrecourse loan from KeyBank National Association under Freddie Mac's Origination and Underwriting program, with a fixed 4.97% interest rate locked for the full term, interest-only payments for the first six years, then principal and interest on a 30-year amortization schedule, an initial maturity date of January 1, 2036, and an approximate 53.99% loan-to-investment-cost ratio. The loan documents and current balance are described in the private placement memorandum, the offering's governing disclosure document.
Who actually operates the building?
Offering materials state the property is master leased to a Capital Square affiliate, which is responsible for operating and leasing it, and that Greystar Active Adult provides on-site professional management. The materials reviewed do not give the master lessee's legal name; that entity and its lease with the Trust are identified in 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. Capital Square describes Everleigh Short Pump as a Class A, age-restricted community completed in 2020. How the age restriction is enforced, and which services and amenities are included, are matters for the private placement memorandum.
Where can I see the primary filing?
The Form D is on SEC 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 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.