Capital Square Acquires Multifamily Community in Richmond for DST Offerings The acquisition is on behalf of a Delaware statutory trust investment offering that seeks to raise $54.5 million in equity from accredited investors RICHMOND, Va. , July 19, 2022 |PRNewswire| -- Capital Square , one of the nation''s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced today the acquisition of The Trails at Short Pump , a 350-unit apartment community in Richmond, Virginia . The community was acquired on behalf of CS1031 The Trails at Short Pump Apartments, DST. The acquisition of the property brings the total transaction activity of Capital Square to more than $6 billion since the company''s inception in 2013. "Capital Square continues to own the home court from northern Virginia , through central Virginia ( Richmond and Williamsburg ) to Tidewater with this latest acquisition in suburban Richmond, Virginia ," said Louis Rogers , founder and chief executive officer of Capital Square. "This is Capital Square''s twenty first acquisition of a Class A or B apartment community in Virginia .