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Capital Square Buys Augusta Multifamily Community for DST Offering

Capital Square, a sponsor of tax-advantaged real estate investments, announced the acquisition of Lakeside on Riverwatch Apartments, a 200-unit garden-style multifamily community.

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Capital Square, a sponsor of tax-advantaged real estate investments, announced the acquisition of Lakeside on Riverwatch Apartments, a 200-unit garden-style multifamily community in the Augusta suburb of Martinez, Georgia.

The community was acquired on behalf of CS1031 Lakeside on Riverwatch Apartments, DST, which seeks to raise $26.8 million in equity from accredited investors and has a minimum investment requirement of $50,000.

Located at 4300 River Watch Parkway, the 19.28-acre property offers one-, two- and three-bedroom units averaging 1,109 square feet. The seller recently completed renovations on 95% of the apartment homes. Community amenities include a recently renovated clubhouse and fitness center, a swimming pool with a sundeck, grilling area, package delivery room, and a dog park featuring an agility course and washing station.

“Lakeside on Riverwatch is an exceptional multifamily community that has been recently renovated and is located amidst a scenic part of the Savannah River basin,” said Whitson Huffman, who was recently promoted to co-chief executive officer. “The Greater Augusta economy continues to thrive, providing an abundance of quality job opportunities for its residents.”

The property is located on Interstate 20 between Atlanta and Columbia, with easy access to Interstates 95 and 77.

Since 2012, Capital Square has completed more than $6 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.

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