Capital Square 1031 Fully Subscribes DST Offering of Corporate Headquarters in Jacksonville, Florida

Capital Square 1031, a sponsor of Delaware statutory trust investments, has fully subscribed CS1031 Jacksonville FL HQ DST, an offering comprised of a newly constructed Class A corporate headquarters and office building in Jacksonville, Florida.

Capital Square 1031, a sponsor of Delaware statutory trust investments, has fully subscribed CS1031 Jacksonville FL HQ DST, an offering comprised of a newly constructed Class A corporate headquarters and office building in Jacksonville, Florida. The program had 30 investors.

Situated on three acres of land, the three-story, 45,000-square-foot building is 100 percent leased on an absolute net basis to Dream Finders Homes, a private homebuilder, which had the building built to suit their needs.

“This offering serves as a prime example of Capital Square’s ability to provide high quality, tax-advantaged real estate investments for Section 1031 exchange and other investors,” said Louis Rogers, founder and chief executive officer of Capital Square 1031.

He added, “The property is leased for 15 years on an absolute net basis, where the tenant is responsible for all taxes, insurance, maintenance and repairs, with annual rental increases, thereby protecting investors from the risk of future inflation. Additionally, as an income tax-free state, investors will not pay Florida income taxes.”

Capital Square 1031 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. Since inception, the firm has sponsored 50 DSTs and has completed approximately $815 million in transaction volume.

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