RICHMOND, VA – Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for 1031 exchange and other accredited investors, announced the acquisition of Livingston Apartment Flats, a Class A, 307-unit multifamily community in the Chesterfield County submarket of Richmond, Virginia. The property was bought on behalf of CS1031 Livingston Apartment Flats, DST, a Reg. D private placement investment offering.
“We are experiencing a migration from gateway cities to Richmond and other secondary markets in the Southeast, which is driving demand and occupancy of Class A apartments,” said Louis Rogers, founder and chief executive officer of Capital Square. “We believe this trend will continue to drive the future value of highly amenitized, well-located properties, such as Livingston Apartment Flats, and is a model for future Capital Square properties.”
Located at 15560 Cosby Village Ave., the community was constructed in 2020 and is situated on 9.34 acres of land. Part of Cosby Village, a 68-acre, mixed-use development, the community provides residents with convenient access to elegant retail and dining options. Livingston Apartment Flats features one-, two- and three-bedroom units.
Community amenities include a workspace area with a coffee maker, conference room and private offices; a two-tale, 24-hour fitness, yoga and cross-training center; and a game room with a pool table, shuffleboard table and wet bar. Additional amenities include a package room, bike repair shop, snack shop and gourmet coffee bar, a saltwater pool, poolside cabanas and a poolside game lawn. The community also features a dog park and pet-wash station, an outdoor fire table, outdoor tennis tables and a car charging station.
CS1031 Livingston Apartment Flats, DST seeks to raise $44.5 million in equity from accredited investors and has a minimum investment requirement of $50,000.
“Livingston Apartment Flats is an ideal community for residents who value the high-end interior features of a luxury multifamily community as well as convenient access to Greater Richmond’s extensive employment sectors and entertainment and dining options,” said Whitson Huffman, chief strategy and investment officer. “As individuals migrate to secondary markets from gateway cities, multifamily demand in the Richmond region continues to grow, supporting the value of this property and further positioning it as a model fit for our investment property portfolio.”

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PHOENIX, AZ – MAXX Properties, a privately held real estate company, announced the acquisition of 92Forty Scottsdale, a 110-unit multifamily property located in the well loved North Scottsdale neighborhood.
92Forty Scottsdale is part of MAXX Properties growing Arizona portfolio and MAXX s sixth multifamily asset in the Phoenix metro area, bringing the total Arizona presence to 1,290 units.
The Phoenix metro area ranked among the fastest growing metro areas according to U.S. Census Bureau population estimates, driven by diverse employment opportunities, a pleasant climate, and affordability. Scottsdale is one of the premier destinations for inbound migration, which only accelerated during the pandemic.
The acquisition of 92Forty Scottsdale aligns with our strategy to position ourselves in top-performing markets with strong growth fundamentals, and provides an opportunity to add value through thoughtful capital improvements, says Rick Wiener, Chairman and co-CEO of MAXX Properties. This community is in a market we know well and is a proud addition to our existing portfolio.
Built in 1987, the community is comprised of one and two-bedroom apartments ranging from 669 to 903 square feet. Amenities include a year-round swimming pool with spa, package lockers, a clubhouse, and a fitness center. MAXX plans to invest in capital improvements to reposition the asset through interior renovations and improve shared spaces including adding an off-leash dog park.
92Forty is located in the sprawling North Scottsdale region. The area features a small something for everyone with bountiful golf courses, proximity to hiking and the McDowell Mountain Regional Park, as well as access to a host of shopping and dining options. Downtown Phoenix and Tempe are just a quick trip down the 101 Loop.
92Forty Scottsdale was partially capitalized through a loan provided by KeyBank NA.

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ORLANDO, FL – Taurus Investment Holdings, LLC, a global private equity real estate firm operating for over 40 years with experience in multifamily, office, logistics, mixed-use and renewable energy sectors, announced the acquisition of Legends at ChampionsGate and Summit at Metrowest, two Orlando area Class B+ apartment communities in prime locations within the city. Well-established in Orlando for over 25 years, these latest acquisitions boost Taurus portfolio to more than six multifamily complexes and 1,800 units in Central Florida, and more than 5,600 units across the United States.
Orlando has been a strong multifamily market and these assets are ideally located to offer dynamic housing to all those moving into the booming Central Florida market, said Peter A. Merrigan, CEO of Taurus Investment Holdings. Operating in Orlando for over two decades, these two acquisitions further our commitment to offering high-quality housing while expanding our portfolio in the region.
Built in 2002, Legends at ChampionsGate is a 253,008 square foot apartment complex located at 8101 Champion Circle. Featuring a contemporary amenity package, the complex was bought for a price of $53,875,000. Less than a mile from Interstate 4, Legends at ChampionsGate provides tenants with an simple commute and brilliant access to major local tourism and healthcare centers. The property is well-located within a community that boasts world-class golf and resorts while being within walking distance to several major retail centers and restaurants.
Both Legends at ChampionsGate and Summit at Metrowest are high-quality assets with profiles that align well within Taurus multifamily strategy, said Nick Clark, Managing Director of Taurus Investment Holdings. The market fundamentals in Orlando have been really strong coming out of COVID, and we are excited to further expand our Central Florida multifamily portfolio with both of these acquisitions.
The 280-unit Summit at Metrowest, sitting at 6500 Metrowest Blvd, is a 250,880 square foot complex built in 1991 that was bought for $59,500,000. Less than eight miles from Downtown Orlando and located within the prestigious 1,800-acre master-plotted community that includes the Metrowest Golf Club, Summit at Metrowest is within walking distance of the Shoppes at Veranda Park and offers fantastic access to Orlando s theme parks, including Universal Orlando, SeaWorld and Disney World.

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