Property Description

Asheville NC Apartment Portfolio is a two-property portfolio located in close proximity to downtown Asheville. The portfolio consists of a 253-unit multifamily community, River Mill Lofts, and a 52-unit multifamily community,  Skyloft Apartments.

High-end unit finishes for both properties include tile backsplash, stainless steel appliances, nine-foot ceilings, and walk-in closets within spacious units averaging  1,120 square feet. River Mill Lofts features quartz countertops and Skylofts offers granite countertops.

Both properties are located within close proximity to downtown Asheville, which is known for its prolific food scene,  having just been named the number one food destination in the U.S. for 2022 by Travel & Leisure.


Property Type



Delaware Statutory Trust

Capital Square
Asheville NC Apt. DST


Remaining Availability

65% Remaining

Total Funds
Remaining Availability
Minimum Investment
see PPM
Funded To Date
Est. Hold Period
10 Years
Equity Raise
Price/SF or Price/Unit

For More Details


Location Details




Population Growth


About The Area

  • Asheville gained 9,200 jobs over the twelve-month period ending in April 2022 and registered an unemployment rate of 2.8%, according to the BLS.
  • The greater Asheville area is home to over a million acres of protected wilderness, offering many options for hiking, biking, fishing and paddling.
  • Biltmore Village, a historical enclave at the entrance to the Biltmore Estate, is within walking distance of River Mill Lofts. Biltmore Village was modeled after an English village and features numerous shops, nearly a dozen restaurants and cafes, and several craft breweries.



Since 2012, Capital Square has helped investors navigate tax-advantaged real estate offerings.

The company’s experienced, investor-centric team provides a successful foundation for investment opportunities including:

  •  Delaware statutory trusts as replacement properties for 1031 exchanges
  • Qualified opportunity zones
  • Private investment offerings

Dedicated to both cash investors and those seeking replacement properties as part of a Section 1031 exchange, Capital Square’s veteran staff knows how to leverage current market conditions to obtain resilient, stable properties.

The bulk of DST offerings consist of multifamily and healthcare assets. Capital Square also sponsors turnkey real estate investment offerings with low investment minimums. This provides investors with access to higher quality real estate.