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Capital Square fully subscribes DST offering of multifamily community in Georgia
Capital Square announced that its offering, CS1031 Lakeside on Riverwatch Apartments DST, has been fully subscribed, according to multiple media outlets. The Regulation D private placement, which raised nearly $26.8 million from accredited investors, comprises a 200-unit garden-style multifamily community in Martinez, Ga., a suburb of Augusta, Ga.
Located at 4300 River Watch Parkway, the 19.28-acre property is ideally situated between Atlanta and Columbia, S.C., along Interstate 20, with easy access to Interstates 95 and 77. The apartment community offers one-, two- and three-bedroom units averaging 1,109 square feet that feature new black or stainless-steel kitchen appliances, resurfaced countertops, faux wood vinyl flooring, kitchen backsplashes and updated lighting fixtures. Community amenities include a recently renovated clubhouse and fitness center, a swimming pool with a sundeck, grilling area, package delivery room, and a dog park featuring an agility course and was