Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced today that its offering, CS1031 Summit Place BFR Housing, DST, has been fully subscribed. The Regulation D private placement comprises a newly constructed 120-unit build-for-rent (BFR) housing community in Knoxville.
As of June 2024, Capital Square is the sponsor of seven BFR communities, comprising more than 1,000 units: Summit Townhomes in Knoxville, Tenn.; Brighton Townhomes in Atlanta; Ashford Townes in Raleigh, N.C.; Aspen Vista in Reno, Nev.; Creekside Terrace in San Antonio; Perch Denton in Dallas; and Ironwood Homes at Rosefield in Phoenix.
“This is Capital Square’s seventh BFR community acquired or under construction,” said Louis Rogers, founder and co-CEO of Capital Square. “Housing prices and mortgage rates make homeownership unaffordable for many who seek a single-family home. BFR com
