Leesburg Apartment Community Trades For $70M

  • Feb. 7, 2019
  • Bisnow

A 316-unit apartment community in Leesburg has just traded hands. Capital Square 1031, a Richmond-based investment and management firm, bought the Bellemeade Farms Apartments from KKR for $69.75M, Bisnow has learned. The investor obtained a loan from Fannie Mae for the acquisition with help from Walker & Dunlop's Alex Huffman and Andrew Tapley. The deal also represents the company's largest acquisition since its 2012 founding and brings its total assets under management over $1B.

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