A DST Offering is Closed to New Investors

Capital Square Realty Advisors, LLC (Capital Square) recently announced that its Delaware Statutory Trust (DST) investment offering of Bridgeview Apartments in Tampa, Florida has been fully subscribed by investors.

Bridgeview Apartments contains 348 units in 17 residential buildings, which range from two to three stories. The garden-style multifamily community also features a clubhouse that has a business center, swimming pool, playground, fitness center, and tennis and racquetball courts.

Yogi Singh, vice president of acquisitions with Capital Square Realty Advisors, commented, “Bridgeview is a well-located community in a sought-after neighborhood in Tampa, and offers residents premium amenities with easy access to the major employment centers in the market.”

“We are pleased this multifamily DST investment property is fully subscribed and look forward to providing additional investors with the opportunity to benefit from ownership of quality multifamily real estate,” added Louis Rogers, founder and chief executive officer of Capital Square Realty Advisors. 

Capital Square specializes in the creation and management of commercial real estate investment programs for Section 1031 tax-deferred exchange investors and cash (non-1031) investors using the Delaware Statutory Trust structure. It has been involved in the creation and management of more than 100 investment offerings, totaling over $3 billion.

The company recently hired two industry veterans, Don Ferrari and William “Hugh” Black, to join its sales team, which distributes through a selling group of about 20 broker dealers.