Capital Square 1031 has purchased a 21,083-square-foot medical office building in the Dallas suburb of Garland, Texas.
The medical office building was acquired in an all-cash, no debt transaction on behalf of CS1031 MOB TX VII DST, a Reg. D private placement investment offering.
"Medical real estate benefits from multiple economic and demographic trends, including increased spending and an aging population," said Louis Rogers, founder and CEO of Capital Square. "This new medical facility was purpose-built for NeuroRestorative, a leader in acute care, near Dallas, Texas. Many Section 1031 exchange investors do not need or want debt as a part of their replacement property. This all-cash, no debt DST offering provides Section 1031 exchange and cash investors the opportunity for stable returns and the potential for capital appreciation, without a mortgage or any debt associated with the property. Prior all-cash offerings have been extremely well received; we anticipate a v