Capital Square announced the acquisition of Aspen Vista, a newly constructed 102-unit build-for-rent housing community in Reno, Nev. The community was acquired on behalf of CS1031 Aspen Vista BFR Housing DST, which seeks to raise $20.5 million in equity from accredited investors and has a minimum investment requirement of $50,000.
“The team at Capital Square is pleased to sponsor a build-for-rent housing community in Reno, Nevada, for the DST/Section 1031 exchange program,” said Louis Rogers, founder and co-CEO at Capital Square. “Reno is one of the fastest growing regions, attracting many large corporations and residents from more expensive border states, including California. With strong leasing and rent growth, Aspen Vista is poised to become a top performer in Capital Square’s growing portfolio of housing options.”
Located at 548 Aurora View Court, construction of Aspen Vista was completed in 2022. Developed by D.R. Horton, the detached three- and four-be
