Capital Square Completes 47th Full-Cycle DST Program with the $115 Million Sale of 2000 West Creek Apartments, DST

RICHMOND, Va.--(BUSINESS WIRE)--Capital Square, a leading sponsor of tax-advantaged real estate investments and a national developer and manager of housing communities, announced today the full-cycle completion of CS1031 2000 West Creek Apartments, DST, following the sale of the underlying property for $115 million, delivering a 137% total return* to investors.

The Regulation D private placement included 2000 West Creek, a 373-unit, Class A multifamily community in Richmond, Virginia. Capital Square acquired the property in October 2019 for $103 million.

Investors realized more than $17.5 million in distributions during the nearly seven-year holding period and a 137% total return. Since 2018, Capital Square has completed 47 full-cycle Delaware statutory trust programs, producing an average total return of 154.70%.**

“Nearly seven years ago, Capital Square acquired 2000 West Creek Apartments, a new, highly amenitized Class A multifamily community for its growing DST/1031 exchange program. Instead of acquiring older, value-add multifamily communities, Capital Square focused on the best multifamily communities in the strongest Sunbelt submarkets to generate stable income and appreciation. The business strategy of buying the best has proven to be successful with the recent sale for $115 million,” according to Louis Rogers, founder and co-chief executive officer of Capital Square. “CS1031 2000 West Creek Apartments, DST was owned by 115 exchange investors who enjoyed the benefits of Section 1031 by deferring their taxes on the sale of a relinquished property by investing in the DST. We are pleased to see that many investors are structuring another Section 1031 exchange with Capital Square to continue their tax deferral.”

Located at 2000 Broad Branch Circle in Richmond, 2000 West Creek is a 373,251-square-foot property situated on approximately 23 acres of land. The multifamily community has one- and two-bedroom floor plans, ranging in size from 774 to 1,246 square feet. In addition to the 357 apartment units, the community includes 16 townhome units. The property is adjacent to West Creek Business Park, which serves over 10,000 employees with 2.1 million square feet of office space. The property is also in proximity to the University of Richmond and Virginia Commonwealth University.

Community amenities include reserved and garage parking; climate-controlled, rentable storage units; bike storage; a coffee bar; conference and meeting rooms; a community lounge and clubhouse; saltwater swimming pool that is heated year-round; and a firepit and grilling stations. Residents also enjoy: a package and storage system; gift wrapping station; fitness center; dog park and pet spa; media lounge; billiards/game room; controlled access and a convenience center.

“Capital Square's disciplined approach to identifying and managing multifamily assets is reflected in the outcome at 2000 West Creek,” said Whitson Huffman, co-chief executive officer and chief investment officer of Capital Square. “Richmond has proven to be a resilient and rewarding market for our investors. We are proud to take this DST full cycle, delivering stable cash flow and appreciation in spite of a challenging investment environment. This full-cycle event reinforces the long-term value of tax-advantaged real estate investing through 1031 exchange programs.”

Colliers, a global diversified professional services and investment management company, arranged the sale of 2000 West Creek in one of the largest multifamily transactions in Richmond's history.

Will Mathews, vice chair and U.S. Capital Markets Board of Advisors multifamily transaction lead, Thomas Leachman, senior vice president, and William Dickinson, associate, led the Colliers team representing the seller.

Since its founding in 2012, Capital Square has acquired more than 175 real estate assets on behalf of over 6,500 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code, along with others seeking stable cash flow and capital appreciation.

About Capital Square

Capital Square is a vertically integrated, national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion, development funds and a real estate investment trust (REIT). The company is also an active developer and manager of multifamily communities. Since 2012, Capital Square has completed more than $9.1 billion in transaction volume. Its mixed-use development projects total over 2,700 housing units with an aggregate development value in excess of $1 billion, and Capital Square Living, the firm’s property management division, oversees more than 13,000 apartments across multiple states. Capital Square’s related entities provide a range of services – including due diligence, acquisition, loan sourcing, property/asset management and disposition – for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. The company has been recognized by Inc. 5000 as one of the fastest-growing private companies in the nation for nine consecutive years. Learn more at CapitalSq.com.

*The “total return” represents the ratio of total sales proceeds and distributions through the life of the asset over the total initial equity invested. The “annualized return” is defined as the difference between net sale proceeds and initial investment, plus the distributions over the holding period, divided by the initial investment; divided by the number of months; times 12. The ROE and annualized return are net of fees and represent a return to an individual investor. These numbers were not audited by a third-party firm. No representation is made that any investment will or is likely to achieve profits or losses similar to those achieved in the past or that losses will not be incurred.

**Audited DST full-cycle track record as of February 17, 2026. Since that date, five additional DST offerings have been taken full-cycle for a total of 47 DST offerings. Those averages will be calculated the next time the brochure is updated.

Disclosure

Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short-term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to sell any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Private placements are speculative and illiquid. Diversification does not guarantee profits or protect against losses. FINRA Broker Check link: https://brokercheck.finra.org/.