Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for 1031 exchanges and other accredited investors, announced the acquisition of Foxwood Village, a five-star, 55+ lifestyle manufactured housing community in Lakeland, Fla. The community was acquired for CS1031 Foxwood Village MHC, DST, a Reg. D private placement.
To date, Capital Square has acquired six four- and five-star, age-restricted manufactured housing communities in coastal Florida markets for tax-advantaged real estate investment offerings.
“Age-restricted manufactured housing communities in Florida are among the safest assets in the nation,” said Louis Rogers, founder and CEO of Capital Square. “Due to exceptionally strong rent growth and little to no vacancy, they are an excellent hedge against inflation.”
Located at 4700 Foxwood Blvd., the community is situated on approximately 69 acres. Foxwood Village is comprised of 350 homesites and had an occupancy rate o
