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Capital Square 1031 Completes Two DST Offerings


Capital Square 1031, a real estate investment and management firm specializing in Delaware statutory trust investments, announced that two of its Delaware statutory trust offerings, CS1031 Morganton MOB DST and CS1031 Louisburg MOB DST have been fully subscribed by investors.

“Each of these DST offerings is comprised of a newly-constructed medical office building built-to-suit for the North Carolina affiliate of Fresenius Medical Care, the world’s leading provider of services and products for people with chronic kidney failure,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. “Capital Square is pleased to have fully subscribed these offerings, which provide institutional quality, tax-advantaged real estate ownership to a growing number of Section 1031 exchange investors.”

CS1031 Morganton MOB DST is comprised of a newly constructed dialysis clinic located at 814 W. Union St. in Morganton, North Carolina, that was placed in service in August 2016. The 13,132-square-foot medical office building is leased on a long-term basis to Bio-Medical Applications of North Carolina, d.b.a. Fresenius Medical Care Burke County.

CS1031 Louisburg MOB DST includes an 8,200-square-foot medical office building that was acquired in an all-cash purchase for exchange investors who do not need debt to obtain deferral under Section 1031. Located at 935 N. Main St. in the Raleigh, North Carolina suburb of Louisburg, the property is leased on a long-term basis to Fresenius, which operates it as a dialysis clinic.

Listed on both the Frankfurt Stock Exchange (DAX: FME) and New York Stock Exchange (NYSE: FMS), Fresenius is engaged in providing kidney dialysis services and clinical laboratory testing; manufacturing and distributing products and equipment for kidney dialysis treatment; and providing other medical ancillary services. During the fiscal year 2016, Fresenius posted revenues of approximately $17.9 billion.

Capital Square 1031 sponsors institutional-quality real estate exchange programs that qualify for tax deferral under Section 1031 of the Internal Revenue Code. The company provides a range of services, including due diligence, acquisition, loan sourcing, property management/asset management, and disposition, for high net worth investors, private equity firms, family offices and institutional investors.

Capital Square 1031 has closed 35 DST offerings since its founding in late 2012, and as of September 26, 2017, oversees a portfolio of 59 real estate assets valued at approximately $630 million (based on investment cost).

Click here to visit the Capital Square 1031 directory sponsor page.