Home Alts News Four Springs DST Offering Fully Subscribed in Less Than Four Months

Four Springs DST Offering Fully Subscribed in Less Than Four Months

FSC Healthcare II DST has been fully subscribed by investors after raising approximately $4.1 million in less than four months.

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FSC Healthcare II DST, a Delaware statutory trust offering sponsored by Four Springs TEN31 Xchange LLC, has been fully subscribed by investors after raising approximately $4.1 million in less than four months.

The fund purchased a newly renovated 11,075 square-foot medical office building that is 100 percent leased on a long-term basis to Ochsner Clinic Foundation. The asset will operate as a physical therapy facility within the health system and is located in a retail location adjacent to a Walmart Supercenter.

Ochsner Clinic Foundation is the operating subsidiary of Ochsner Health System with 29 owned, managed and affiliated hospitals and more than 60 health centers.

“We are extremely pleased with the support that we have received from the independent broker-dealer community in the successful completion of this all-cash offering,” said William Dioguardi, chief executive officer of Four Springs Capital Trust. “The quality of our team, the innovative features of our DST offerings and the institutional quality of the real estate in our offerings have all contributed to our success.”

Four Springs TEN31 Xchange LLC sponsors DST offerings featuring single tenant credit net-leased real estate and provides Section 1031 tax deferred exchanges for real estate investors. FSXchange is a subsidiary of Four Springs Capital Trust, a private real estate investment trust.

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