Capital Square, a sponsor of tax-advantaged real estate investments and a national developer and manager of housing communities, has announced that three Delaware Statutory Trust (DST) offerings, totaling $396 million in investment cost, have been fully capitalized by accredited investors, reflecting increased investor demand for tax-advantaged, institutional-quality multifamily real estate.
Capital Square fully subscribed CS1031 Parkland Apartments, DST; CS1031 Tapestry West Apartments, DST; and CS1031 Lyric at Norton Commons Apartments, DST.
CS1031 Parkland Apartments, DST, owns The Villas at Ibis Landing, located at 5851 Holmberg Road in the affluent Miami suburb of Parkland, Fla. The offering raised $105.7 million in equity from 249 accredited investors, including 156 repeat investors.
CS1031 Tapestry West Apartments, DST, owns Tapestry West Apartments, located at 2031 Maywill St. in Richmond, Va. The offering raised $60.7 million in equity from 160 accredit
