Texas + Apartments | December 13, 2016

Capital Square Exchange of 220-Unit MF Fully Subscribed

Capital Square 1031’s Delaware Statutory Trust (DST) offering for the 220-unit Canopy apartments in San Antonio, is fully subscribed by investors. CS1031 Canopy Apartments, DST, is the 25th DST on which Capital Square has closed since it launched in late 2012.

The DST acquired Canopy at 950 Bitters Road East from S.A. Countryside Investors LLC in July. The asset was acquired with help from a 10-year, 3.73% fixed-rate Fannie Mae loan.

Situated on 8.6 acres, the 37-year-old Canopy includes 13 two and three-story residential buildings, and a clubhouse with fitness and business centers. Additional amenities include a coffee bar, two swimming pools, a fenced pet park and a picnic area.

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

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