Capital Square 1031, a sponsor of tax-advantaged Delaware statutory trust offerings, has launched CS1031 Fairlane Harbor MHC DST, a Regulation D private placement offering comprised of Fairlane Harbor Homes, a 55+ age-restricted manufactured housing community in Vero Beach, Florida.
Fairlane Harbor Homes is situated on 40 acres of land and contains 232 homesites. The offering seeks to raise $29 million in equity from accredited investors with a minimum investment of $50,000.
“Fairlane Harbor is currently 97 percent occupied and has upside potential from organic rent growth plus additional rent increases from planned upgrades and improvements,” said Louis Rogers, founder and chief executive office of Capital Square. “It is the only manufactured housing community in the submarket with private docks and boat access.”
Capital Square specializes in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges and qualified opportunity zone funds for tax deferral and exclusion. To date, the company has completed approximately $2 billion in transaction volume.
Capital Square’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.