Drucker + Falk bolsters relationship with Capital Square management with addition of artists to Winterfield

Drucker + Falk bolsters relationship with Capital Square management with addition of artists to Winterfield

Capital Square has been an amazing client to work with and we couldn’t be happier to expand our relationship with them with the addition of Artistry in Winterfield.

In late 2021, Capital Square purchased Artistry in Winterfield located in Midlothian, Virginia for a remarkable $62.2 MILLION. Shortly thereafter, in early 2022, Drucker + Falk (DF) was appointed Community Management Agent and represented the second asset held by Capital Square that the company was asked to manage. Since this assumption, three additional Capital Square communities have been added to DF’s management portfolio, which are located in the Richmond and Hampton Roads areas of Virginia.

Artistry at Winterfield is Powhatan County’s first apartment community, featuring 200 new one and two bedroom units. The luxury community includes a resort-style swimming pool, wellness center with Technogym fitness studio and Mirror on-demand virtual fitness trainer, 24-hour clubhouse, Luxer One Package system, and offers residents the added convenience of co-working spaces, electricity car charging stations and a pet spa.

With the property being 72% leased at the time of the takeover, DF was tasked with completing the lease and stabilizing the property to ensure the property’s investment objectives were met. With a focus on resident satisfaction, the initial business plan was completed in just 5 months.

Regarding the recent speculation, Andrew Chisholm, Director of Multifamily Management for Drucker + Falk, shared, “Capital Square has been an amazing client to work with and we couldn’t be happier to expand our relationship with them with the addition of Artistry to Winterfield. This beautiful apartment community sits in a market that we know very well and look forward to putting the DF leadership stamp on – delivering five-star experiences for all residents.

ABOUT DRUCKER + FALK

Founded in 1938, Drucker + Falk is a full-service real estate and investment firm that manages a diversified portfolio of approximately 40,000 apartments and 3,000,000 square feet of office, retail and industrial properties in twelve states. . In addition to managing a wide range of properties, including Class A+ to affordable apartment communities, mixed-use and all types of commercial properties, Drucker + Falk offers commercial rental and sales services and partners to clients to develop new properties, renovate and reposition assets, converting historic properties into unique, high-end apartments. For more information, visit Drucker + Falk.

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