Capital Square has announced that its offering, CS1031 Sidbury Station BFR Housing, DST, has been fully subscribed.
The Regulation D private placement, comprising a 113-unit, build-for-rent (BFR) housing community in the Wilmington, Del., suburb of Castle Hayne, N.C., raised $22.9 million in equity from investors. Capital Square acquired Sidbury Station in July 2024.
“Sidbury Station is another successful DST/Section 1031 offering of a BFR community in the Sunbelt,” said Louis Rogers, founder and co-CEO of Capital Square. “Capital Square invests in housing because housing is a necessity that has proven to be resilient over time. The BFR strategy is another arrow in our quiver along with newly constructed class A apartments, older class B apartments with value-add from renovations and age-restricted manufactured housing communities in Florida.”
Located at 6105 Dichondra Road, construction of Sidbury Station was completed in 2023. Developed by D.R. Horton,
