Capital Square 1031 has launched CS1031 Marina Pointe Apartments, DST. The Regulation D private placement is comprised of Marina Pointe, a lakeside, class B+ multifamily community in Chattanooga, Tenn.
“This is Capital Square’s 31st apartment community in the Southeast for the DST/1031 exchange program,” said Louis Rogers, founder and CEO of Capital Square 1031. “During the COVID-19 pandemic, Capital Square’s multifamily portfolio has enjoyed exceptional rent collection in excess of 98 percent with increasing occupancy, reflecting the desirable combination of stable performance and growth highly sought by investors across the nation. In addition, Marina Pointe benefits from being located within Tennessee, an income tax–free state.”
CS1031 Marina Pointe Apartments, DST seeks to raise $24.2 million in equity from accredited investors with a minimum investment of $50,000. Alexandra Huffman, senior director with Walker & Dunlop, originated the acquisition
