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Capital Square Acquires More Than $565M in Real Estate in 1H 2021

Richmond-based national investment sponsor Capital Square has acquired more than $565 million in real estate during the first half of 2021.

During the first six months of 2021, Capital Square acquired 10 properties for investment programs, including seven multifamily properties, a manufactured housing community in Florida, a state-of-the-art data center and an R&D and industrial campus. In addition, Capital Square took two DST offerings full cycle, when it sold an office DST with a 159.31% total return on equity and a multifamily DST with a 167.22% total return on equity.

“Capital Square’s original business plan emphasized the sponsorship of Delaware statutory trusts, or DSTs, for Section 1031 exchange investors seeking tax deferral, stable returns and appreciation. The DST business has grown to be highly successful,” said Louis Rogers, founder and CEO at Capital Square. “Capital Square is the second-largest sponsor of 1031 offerings in the nation (as of June 30, 2021) according to Mountain Dell Consulting LLC, which tracks the securitized 1031 exchange market.”

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About David Cohen

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.

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