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Other - MAY 1, 2019

Capital Square 1031 launches all-cash DST offering

by Released

Capital Square 1031, a real estate investment and management firm specializing in Delaware statutory trust (DST) offerings, has launched CS1031 Midwest Dialysis, DST, a Reg. D investment offering of a 9,000-square-foot Fresenius dialysis clinic located in East Chicago, Ind.

The building was acquired by the DST in an all-cash transaction.

“CS1031 Midwest Dialysis DST provides investors with the opportunity to own a high-quality medical office building without any mortgage debt,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. “A growing number of Section 1031 exchange investors are seeking an all-cash replacement property without any mortgage debt. Also, the investment-grade lease guarantor, Fresenius Medical Care Holdings, coupled with the recession resilience of medical real estate, makes this a desirable investment.”

Located at 4016 Main St. and constructed in 2018, the medical office building is 100 percent leased for 15 years on a double-net basis to Fresenius Medical Care Holdings Inc., a wholly-owned subsidiary of Fresenius Medical Care AG & Co. KGaA.

The facility is located approximately 20 minutes from downtown Chicago and less than a mile from St. Catherine Hospital.

Capital Square has acquired 75 properties for approximately 1,600 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code.

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