Capital Square has fully subscribed CS1031 Richmond Active Living Apartments, DST, a Regulation D private placement offering that raised equity from 108 investors. The Delaware Statutory Trust holds a 165-unit, class A, age-restricted multifamily community in the Short Pump suburb of Richmond, Va., near Capital Square’s headquarters.
“We are experiencing a silver tsunami, with more than 11,000 U.S. baby boomers turning 65 every day. This demographic shift is creating unprecedented demand for housing designed to meet the needs of active adults,” said Louis Rogers, founder and co-CIO of Capital Square. “Housing assets in general are attractive investments because housing is a necessity. Housing assets designed specifically for active adults are particularly compelling for several reasons: this demographic has the financial resources to pay for quality housing, residents tend to remain longer than those in traditional multifamily communities, and they typically take exce
