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California  + Office  | 

Capital Square 1031 Completes DST Offering of SoCal MOB Portfolio

Capital Square 1031 reports that CS1031 So Cal MOB, DST, comprised of three medical facilities located in Pasadena, Rancho Mirage and Azusa, CA, has been fully subscribed by Section 1031 exchange and other investors.

The portfolio includes:
1017-1035 S. Fair Oaks Ave., Pasadena, (23,687-square-foot building, pictured),
69780 Stellar Dr., Rancho Mirage (7,500-square-foot building) and
830 S. Citrus Ave., Azusa (11,331-square-foot building).

Capital Square’s Louis Rogers says, “Medical real estate dominates as a favorable and recession-resistant asset class. This portfolio was purchased primarily for Section 1031 exchangers as replacement property for another Capital Square DST offering that went full-cycle when the property was sold. This offering provides investors with ownership of high-quality, net leased medical real estate in premier Southern California locations, an opportunity that most investors would not have on their own.”

The leases are guaranteed by Synovation Medical Group, a pain management practice with more than 60 medical practitioners and 18 facilities throughout SoCal.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

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Connect With Capital Square 1031's Rogers

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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