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Capital Square Fully Subscribes Nevada Build-for-Rent DST Offering

Capital Square Fully Subscribes Nevada Build-for-Rent DST Offering. 1031 Exchange, alternative investments, BFR, build for rent, Capital Square, Delaware statutory trust, DST, opportunity zone, private placement, real estate, real estate assets, real estate investment, real estate investment trust, Reg D, Regulation D, REIT
Capital Square Fully Subscribes Nevada Build-for-Rent DST Offering. 1031 Exchange, alternative investments, BFR, build for rent, Capital Square, Delaware statutory trust, DST, opportunity zone, private placement, real estate, real estate assets, real estate investment, real estate investment trust, Reg D, Regulation D, REIT

Capital Square, a sponsor of tax-advantaged real estate investments and developer of multifamily communities, announced that its offering, CS1031 Aspen Vista BFR Housing DST, has been fully subscribed.

The company says the Regulation D private placement, which raised nearly $20.5 million in equity from accredited investors, consists of a newly constructed 102-unit build-for-rent housing community in Reno, Nevada.

“The Aspen Vista BFR Housing offering has been fully funded in record time. This shows exceptionally strong interest from investors who want to participate in the vibrant Reno housing market and also profit from the build-for-rent strategy that has the potential to produce higher returns and capital appreciation,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “Capital Square is especially bullish on BFR investments because most BFR leases are one year in length, which means that Capital Square should be able to increase the rent annually in excess of the rate of inflation.”

Located at 548 Aurora View Court, construction of Aspen Vista was completed in 2022. Developed by D.R. Horton, the nation’s largest homebuilder by volume, the detached three- and four-bedroom single-family homes average 1,689 square feet. Residents enjoy various amenities, including open floorplans, granite countertops, stainless steel appliances, wood-like plank flooring, full size washer/dryers, walk-in closets, private backyard or patio, attached two-car garages, smart home integration and extra storage.

The property is in close proximity to the 395 Highway interchange, offering residents access to nearby schools, parks and shopping centers anchored by tenants such as Walmart, Smiths, Grocery Outlet, Big Lots, CVS Pharmacy and True Value Hardware. Residents are also near major logistics hubs with blue-chip employers, including Amazon, Tesla, Volvo and UPS.

“Aspen Vista BFR Housing is a modern and attractive housing option located in one of the fastest growing regions in the country,” said Whitson Huffman, co-chief executive officer. “The Reno MSA’s undersupplied submarket shows healthy rent growth and increased occupancy rates due to an influx of large corporations and residents looking for quality housing.”

Since its founding in 2012, Capital Square has reportedly raised more than $3 billion in equity from investors for its various real estate investment offerings, primarily Delaware statutory trust offerings employed to facilitate tax-advantaged 1031 exchanges and qualified opportunity zone funds.

For more Capital Square news, please visit their directory page.