Capital Square, a sponsor of tax-advantaged real estate investments, announced that its offering, CS1031 Brighton Woodstock BFR Housing DST, has been fully subscribed.
The Regulation D private placement, which raised nearly $22.5 million from accredited investors, is comprised of a build-for-rent, 100-unit townhome community in the Atlanta suburb of Acworth, Georgia.
“This is another successful offering of DST interests for investors seeking replacement property in a Section 1031 tax-deferred exchange,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “Capital Square has sponsored 124 DST offerings over the past 11 years. With a housing shortage, strong occupancy and continued rent growth, the future is very bright for housing investments such as CS1031 Brighton Woodstock Housing, DST.”
Located at 5900 Woodstock Road, the modern single-family residential community features open floorplans averaging 1,480 square feet with designer features and finishes, island kitchens, attached garages, private patios, spacious closet space and in-unit washer and dryers.
Community amenities include a picnic and activity lawn, firepit and grilling area, kids park and playground, a dog park and a walking trail. Mobile car detailing, valet dry cleaning and housekeeping services are also available to residents.
Brighton Woodstock is approximately five miles from Kennesaw State University, one of the largest universities in Georgia and one a significant employer in the Atlanta metropolitan area.
“Brighton Woodstock is located amidst Atlanta’s least supplied north suburban market with the most attractive rent-growth projections in the metro,” said Whitson Huffman, co-chief executive officer. “With population and rent growth on the rise, the area expects to see a strengthening demand for quality single-family rental living.”
Since its founding in 2012, Capital Square has acquired 171 real estate assets for over 6,500 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code and other investors seeking stable cash flow and capital appreciation. The company has completed more than $7.5 billion in transaction volume.