Capital Square announced the acquisition of Summit Townhomes, a newly constructed 120-unit build-to-rent (BTR) housing community in Knoxville, Tenn. The community was acquired on behalf of CS1031 Summit Place BFR Housing, DST, which seeks to raise $18 million in equity from accredited investors and has a minimum investment of $50,000.
Located at 100 Lisa's Way, construction of Summit Townhomes was completed in 2022. The mix of three- and four-bedroom townhomes average more than 1,400 square feet, with open floor plans, marble countertops, stainless-steel appliances, full-size washer and dryers, walk-in closets, smart-home integration and extra storage space. Community amenities include a firepit, picnic and barbecue area, private and overflow parking, covered gazebo and bark park.
The property is near State Route 62, providing residents with easy access to top employers, such as Oak Ridge National Laboratory, Y-12 National Security Complex, UT-Battelle, Methodist Medic
