Capital Square 1031, a sponsor of Delaware statutory trust offerings, has fully subscribed CS1031 MOB TX V DST, a Regulation D private placement offering comprised of two newly constructed medical buildings located in the San Antonio and the Austin, Texas suburb of Round Rock. The company raised nearly $13 million from accredited investors.
“Medical real estate is one of the most desirable asset classes today because it is not correlated to the general economy and has proven to be recession-resistant,” said Louis Rogers, founder and chief executive officer. “Medical properties in prosperous submarkets of Texas are even more desirable due to a growing population in need of medical services and no state income tax.”
The medical portfolio is comprised an approximately 15,000-square-foot, 16-bed facility on nearly 2.7 acres of land in Round Rock, and an approximately 20,000-square-foot, 24-bed facility on 2.6 acres of land in San Antonio.
Each property was built to suit in 2018 for NeuroRestorative’s use as a post-acute, neuro-rehabilitation facility. NeuroRestorative provides rehabilitation services for people with brain, spinal cord and medically complex injuries, illnesses and other challenges.
Since inception, Capital Square has acquired 107 real estate assets for roughly 2,500 investors seeking replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code.
Capital Square is a real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges and qualified opportunity zone funds for tax deferral and exclusion. The firm’s related entities provide due diligence, acquisition, loan sourcing, property/asset management, and disposition, for high net worth investors, private equity firms, family offices and institutional investors.