Capital Square 1031 has purchased The Residences at 393 North Apartments, a newly constructed, class-A, multifamily community in Santa Rosa Beach, near Pensacola, Fla. The financial terms and seller were not disclosed.
The 128-unit multifamily community was acquired on behalf of CS1031 Residences at 393 North Apartments, DST.
“The Residences at 393 North is a newly constructed, highly amenitized class-A multifamily community featuring spacious floor plans with walk-in closets, top-of-the-line finishes, stainless- steel appliances, in-unit washers and dryers, private storage units, double vanities as well as private screened patios and balconies,” said Louis Rogers, founder and CEO of Capital Square. “The community also features high-end amenities such as a 24-hour state-of-the-art fitness center, a resort-style pool and spa, a resident lounge with an entertainment kitchen, and a dog park. The community is in Santa Rosa Beach, close to Florida’s scenic highway 3
