RK Properties has fully subscribed its latest 1031 exchange program, RK Manchester Place DST, a class A, 308-unit multifamily property in Lithia Springs, Atlanta, Ga.
The offering was fully subscribed for more than $25 million in capital in less than 60 days by accredited investors seeking to complete a 1031 exchange, as well as those wanting to make direct cash investments.
Built in 2001, Manchester Place is a 308-unit class A community situated on 38.688 acres, with one-, two- and three-bedroom apartment homes. The complex is currently 96 percent occupied.
