Capital Square, a sponsor of tax-advantaged real estate investments and a national developer and manager of housing communities, has announced the launch of CS1031 Cacema Townhomes, DST, a Delaware statutory trust (DST) offering ownership interests in a newly constructed, 176-unit townhome community in the Orlando suburb of Kissimmee, Fla. The offering seeks to raise $41.85 million in equity from accredited investors.
“Interest rates have been exceptionally volatile lately,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “Therefore, Capital Square locked the interest rate at 5.04 percent on Cacema Townhomes. With favorable debt in place, the DST offering is an excellent choice for exchangers who need debt on their replacement property to satisfy the Section 1031 debt requirement.”
Cacema Townhomes features three- and four-bedroom floor plans with attached garages, private entries and semi-private backyards. Interior finishes includ
