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SomerHill Farms apartment complex acquired for investment offering
Rich Griset //March 8, 2021//
SomerHill Farms apartment complex acquired for investment offering
Rich Griset// March 8, 2021//
Henrico County-based real estate investment company Capital Square has acquired SomerHill Farms apartments in the Gainesville area of Prince William County for an undisclosed amount.
Located at 7351 Yountville Drive, the 140-unit multifamily community is situated on 18.76 acres. Constructed in 2006, SomerHill Farms features six three- and four-story residential buildings and a community clubhouse. The community includes one-, two- and three-bedroom units ranging in size from an average of 786 square feet to 1,446 square feet.
The property was acquired for Capital Square’s CS1031 SomerHill Farms Apartments DST investment entity, which seeks to raise $23.2 million in equity from accredited investors, with a minimum $50,000 investment.
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