Property Description

Rivergate is a luxury 402-unit multifamily community located in the Northern Virginia suburb of Woodbridge. Features include:

Apartment Features

  • 9’ ceilings throughout

  • Balconies and walk-out terraces *

  • Dedicated dining area with pendant lighting *

  • Fiber-optic internet available

  • Full-size washer and dryer in every home

  • Granite countertops

  • Keyless entry

  • Kitchen islands in most homes

  • Large, beautifully designed kitchens

  • One, two, and three bedroom apartment homes

  • Over-sized windows, inviting in natural light

  • Relaxing baths accented with elegant tile work

  • Stainless steel appliances

  • Two-toned cabinetry

  • USB kitchen outlets for added convenience

Community Amenities

  • Controlled-access entry

  • Convenient kayak and bicycle storage

  • Fully equipped business center

  • Gas grilling stations open year-round

  • Gorgeous pool and sun deck

  • Fitness center with cardio and weight-training equipment

  • Main courtyard with fire-pit, chairs, and outdoor tvs

  • Multi-level parking garage with direct access to every floor

  • On-site maintenance

  • On-site management

  • Outdoor pavilion with bar area

  • Package concierge

  • Regulation-sized sand volleyball court

  • Rooftop terrace with cabanas, outdoor sofas, and bar

  • Spectacular river and bridge views

  • The paw spa, a self-service wash and grooming suite

  • Two relaxing resident club rooms

  • Wellbeats™ virtual training classes

  • Wi-fi access throughout common spaces

Property Type

Multifamily

Structure

Delaware Statutory Trust

Capital Square
Rivergate DST

VA

Remaining Availability

1% Remaining

Total Funds
$111,548,000
Remaining Availability
Taking Backups
Minimum Investment
see PPM
Funded To Date
$46,500,000
Est. Hold Period
10 Years
Leverage
58.31%
Equity Raise
$46,500,000
Price/SF or Price/Unit
$277,482/Unit

For More Details

 
 
 

Location Details

 
 
 

Population

6,385,162

Population Growth

1.1%

About The Area

Rivergate is located in Woodbridge, a census-designated place within Prince William County, just 20 miles south of the Greater Washington, D.C. metropolis of Northern Virginia. ■ Prince William County is one of the most educated and affluent counties in the United States, with 43% of residents holding at least a bachelor’s degree and an average household income in excess of $130,000 per year. Rivergate is less than one mile from the Woodbridge Virginia Railway Express Station, providing residents with easy access to the top employment hubs throughout Northern Virginia and Washington, D.C. The property is just 20 miles from Amazon’s second global headquarters (HQ2), which is expected to support 25,000 employees beginning in mid-2023.

RIVERGATE

Rivergate is in the Northern Virginia suburb of Woodbridge, along the picturesque Occoquan River in the Potomac River basin. Located in a thriving business region within easy reach of the top employment hubs in Northern Virginia and Washington, D.C., the property is just 20 miles south of Amazon’s second global headquarters, which is expected to employ 25,000 people upon full build-out in mid-2023. The Greater Washington, D.C. and Northern Virginia economy has experienced consistent growth and diversification over the past several years, supported by the federal government and largely devoid of highly cyclical industries. The area is home to several international companies, including Amazon, Booz Allen Hamilton, Capital One Entities, Freddie Mac, GEICO, Hilton Worldwide Holdings, Inc., Marriott International and Northrop Grumman. Rivergate offers outstanding accessibility to several major employers in the immediate area as well, as it is just four miles from both the 183-bed Sentara Northern Virginia Medical Center and a new, $200 million Kaiser Permanente medical center. Together, these employers support approximately 1,500 workers.1 Potomac Mills, Virginia’s largest enclosed outlet shopping and dining destination with more than 200 storefronts and restaurants, is five miles away. Stonebridge at Potomac Town Center, a 500,000-square-foot open-air lifestyle center, is just six miles away. Stonebridge features a Wegmans Food Market, full-service health club, Alamo Drafthouse Cinema, and a splash pad water park for children. Rivergate residents enjoy ready access to both Ronald Reagan Washington National Airport, situated 20 miles northeast of the property, and Dulles International Airport, located 30 miles to the northwest.

 

Sponsor

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.