Capital Square 1031 announced that its offering, CS1031 High Ridge Apartments, DST comprised of a 160-unit multifamily community in Athens, Ga., has been fully subscribed by a total of 33 investors.
“High Ridge Apartments is located in a strong multifamily rental market in Athens, Georgia,” said Louis Rogers, founder and CEO. “With numerous amenities and excellent fundamentals, this multifamily offering aligns well with our strategy of providing investors high-quality, passive investments with a potential for long-term growth.”
Located at 700 Mitchell Bridge Road, High Ridge Apartments is situated on 18 acres of land. The community is comprised of 11 two- and three-story residential apartment buildings consisting of one-, two- and three-bedroom units, with an average size of 1,228 square feet.
The city of Athens is approximately 60 miles northeast of downtown Atlanta.
Rogers added, “Athens is well-known for the University of Georgia. While High Ridge Apartments is not a student housing community, the University stabilizes and drives the local economy.”