Capital Square 1031 Acquires 280-Unit Chattanooga Apartment Community
Capital Square 1031 has acquired Integra Vistas, a Class A, 280-unit multifamily community in the Hixson submarket of Chattanooga, TN. The sales price was not disclosed.
Located at 151 Integra Vistas Drive, the community was constructed in 2018 on approximately 20 acres of land. Integra Vistas is comprised of one-, two- and three-bedroom units ranging in size from approximately 766 square feet to 1,278 square feet. Amenities include a resort-style swimming pool, an outdoor pavilion with a kitchen, flat screen TV and fireplace as well as a resident clubhouse with an entertainment, game and poker room.
The property was acquired for CS1031 Integra Vistas Apartments, DST, a Reg. D private placement. CS1031 Integra Vistas Apartments, DST seeks to raise $27 million in equity from accredited investors and has a minimum investment of $50,000. The seller was not disclosed.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.