Capital Square Buys a 304-Unit Apartment Complex in Houston
The apartment community, developed by Wood Partners, was acquired by Capital Square, on behalf of a Delaware statutory trust offering (DST) for Section 1031 exchanges. Capital Square’s Louis Rogers, touts their niche, “Capital Square sponsors the highest quality, newly constructed Class A apartment communities in the nation for the DST/1031 investment program.”
Houston Apartments has numerous high-end amenities such as a resort-style swimming pool with a tanning deck, 24-hour fitness center, a lounge area complete with a kitchen, pinball machine and an outdoor fireplace.
The CS1031 Houston Apartments DST seeks to raise $56.5 million in equity from accredited investors. Since its founding in 2012, Capital Square has acquired 146 real estate assets for over 5,000 investors seeking replacement properties that qualify for tax deferral under Section 1031.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.