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.”