Capital Square 1031 Buys New Class A Office Building in Jacksonville, Florida

Capital Square 1031, a real estate investment and management firm specializing in Delaware statutory trust offerings, has purchased a newly constructed three-story office building located in Jacksonville, Florida that was built to suit for Dream Finders Homes, a private homebuilder.

Capital Square 1031, a real estate investment and management firm specializing in Delaware statutory trust offerings, has purchased a newly constructed three-story office building located in Jacksonville, Florida that was built to suit for Dream Finders Homes, a private homebuilder. The purchase price was not disclosed.

Situated on more than three acres of land, the 45,000-square-foot Class A office building was completed in February 2018. The property will serve as Dream Finders’ corporate headquarters and will house its design center, title and closing department, and mortgage department in a single location.

“The property is in an ideal location within a growing area near numerous communities where Dream Finders Homes has properties under construction, said Louis Rogers, founder and chief executive officer of Capital Square 1031. “The building is leased on a long-term, absolute net basis, where the tenant is responsible for taxes, insurance and maintenance, and is located in a high-growth, income tax-free state.”

Capital Square 1031 sponsors real estate exchange programs that qualify for tax deferral under Section 1031 of the Internal Revenue Code. Capital Square uses the Delaware statutory trust structure to make quality real estate available to a larger number of investors. Capital Square provides a range of services, including due diligence, acquisition, loan sourcing, property management/asset management, and disposition, for a growing number of high net worth investors, private equity firms, family offices and institutional investors. As of June 8, 2018, the firm oversees a national portfolio of 68 real estate assets valued at approximately $685 million (based on investment cost).

For more Capital Square 1031 news, click here to visit their directory sponsor page.