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Capital Square 1031 Launches Another Multifamily DST Offering

Capital Square 1031, a sponsor of Delaware statutory trust offerings, has launched CS1031 SE Apartment Portfolio, DST, a Regulation D private placement is comprised of four multifamily communities located in Aiken, South Carolina and Augusta, Georgia.

Capital Square 1031, a sponsor of Delaware statutory trust offerings, has launched CS1031 SE Apartment Portfolio, DST, a Regulation D private placement is comprised of four multifamily communities located in Aiken, South Carolina and Augusta, Georgia. The offering plans to raise $38.9 million in investor equity.

“This diversified portfolio of four Class B multifamily communities in thriving submarkets in Georgia and South Carolina is structured to provide quality real estate investment for exchangers seeking tax deferral under Section 1031 of the Internal Revenue Code and cash investors seeking stable cash flow and appreciation,” said Louis Rogers, founder and chief executive officer of Capital Square 1031.

He added, “Because history has proven the value of diversification to reduce concentration risk, the offering has been structured to include four multifamily communities in different areas that offer a combined 640 units.”

The 640-unit portfolio includes:

  • The Colony at South Park, a 184-unit, 174,800-square-foot multifamily community located in Aiken
  • Woodwinds Apartment Homes, a 144-unit, 165,200-square-foot multifamily community located in Aiken
  • Bradford Pointe Apartments, a 192-unit, 155,900-square-foot multifamily community located in Augusta
  • Westbury Creek Apartments, a 120-unit, 107,200-square-foot multifamily community located in Augusta

The portfolio is located in the Augusta-Richmond County, GA-SC metropolitan statistical area, commonly known as the Central Savannah River Area. Amenities at each of the communities include a dog park, swimming pool, playground, grilling area, fitness center, clubhouse and more. The portfolio has an occupancy rate of 93.4 percent.

Last week, Capital Square 1031 launched a similar offering, CS1031 SE Apartment Portfolio II DST, comprised of a portfolio of four multifamily communities located in Warner Robins and Macon, Georgia, approximately 90 miles southeast of Atlanta. The offering seeks to raise $54.23 million in equity from accredited investors.

Since inception, Capital Square has acquired 100 real estate assets for more than 2,000 investors seeking replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code.

Capital Square specializes in tax-advantaged real estate offerings, including Delaware statutory trusts and qualified opportunity zone funds, and has completed more than $1.85 billion in transaction volume. 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.

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