Capital Square fully subscribes DST offering of multifamily community near Atlanta
Capital Square announced that its latest offering, CS1031 Brighton Woodstock BFR Housing DST, has been fully subscribed. The Regulation D private placement, which raised nearly $22.5 million from accredited investors, comprises a build-to-rent, 100-unit townhome community in the Atlanta suburb of Acworth, Ga.
"This is another successful offering of DST interests for investors seeking replacement property in a Section 1031 tax-deferred exchange," said Louis Rogers, founder and co-CEO at Capital Square. "Capital Square has sponsored 124 DST offerings over the past 11 years. With a housing shortage, strong occupancy and continued rent growth, the future is very bright for housing investments such as CS1031 Brighton Woodstock Housing, DST."
Located at 5900 Woodstock Road, the modern single-family residential community features open floorplans averaging 1,480 square feet with designer features and finishes, gourmet island kitchens, attached garages, private patios