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Capital Square Active with Second DST Completion in Three Weeks

Capital Square Realty Advisors, LLC (CSRA) completed a Delaware Statutory Trust (DST) investment offering, the second in less than three weeks. The DST consists of a facility occupied by 24 Hour Fitness in Keller, Texas, a suburb of Fort Worth.

“This facility is 100 percent leased on a long-term basis to 24 Hour Fitness USA Inc., one of the world’s largest privately owned and operated fitness center chains,” commented Louis Rogers, founder and chief executive officer of Capital Square Realty Advisors, in a statement.

The building, which is about 44,000 square feet, is strategically located at 5901 Golden Triangle Blvd placing it amongst a population of about 200,000 people in a five mile radius, according to a statement from CSRA. The fitness center’s location is conveniently close to Kohl’s, Albertson’s, Walgreens, and other retail outlets.

Inside the facility, members benefit from a lap pool, a full-size basketball court, group exercise facilities, whirlpool, racquetball court, sauna and more.

“We are pleased to have fully subscribed this DST investment offering and look forward to providing investors with the opportunity to benefit from the ownership of investment-grade real estate,” said Rogers.

Just shy of three weeks ago, CSRA completed a DST offering of Bridgeview Apartments in Tampa, Florida, which contains 348 units in 17 residential buildings of two to three stories.

Capital Square specializes in the creation and management of commercial real estate investment programs for Section 1031 tax-deferred exchange investors and cash (non-1031) investors using the Delaware Statutory Trust structure. It has been involved in the creation and management of more than 100 investment offerings, totaling over $3 billion.

The company recently hired two industry veterans, Don Ferrari and William “Hugh” Black, to join its sales team, which distributes through a selling group of about 20 broker dealers.