CAPREIT, a fully integrated real estate operating company responsible for the ownership and management of more than $5 billion of multifamily assets, today announced it has acquired Pure St. Peters, a recently developed market-rate apartment community that began leasing in 2019.
The community, which features 143 contemporary apartment homes, is situated moments south of Interstate 70 and just east of Jungermann Road. Many of the neighborhood’s finest dining, retail and entertainment options are within walking distance or a short drive, and the community offers a vast array of community amenities and flexible leasing options. CAPREIT acquired the community in conjunction with Legacy Capital Partners.
“CAPREIT is an enormous fan of the wonderful St. Charles County market, and we’re delighted to add Pure St. Peters to our local portfolio,” said Ernie Heymann, chief investment officer for CAPREIT. “Pure St. Peters is a brand-new asset in a highly desirable portion of the neighborhood, and we look forward to offering one of the best living experiences in the area while working to be the best neighbor we can be.”
Situated at 2100 Pure Street, Pure St. Peters is surrounded by an abundance of local shops, Barnes-Jewish Hospital and features several local restaurant partnerships. The community is situated alongside the Cave Springs area of St. Peters, which includes Cave Springs Lanes bowling alley and several other neighborhood attractions. In addition, Chimi’s Mexican and Kokomo Joe’s Family Fun Center are within a short walk of the community.