Capital Square Scores with Acquisition of Las Vegas Raiders HQ for $57M DST Raise

Richmond, VA-based Capital Square, a sponsor of tax-advantaged real estate investments and a developer of mixed-use multifamily communities, has acquired Zero Coupon LV Training Facility, the Las Vegas Raiders’ training facility and corporate headquarters in Henderson, NV.

The facility was acquired on behalf of CS1031 Zero Coupon LV Training Facility, DST, which seeks to raise $57.6 million in equity from accredited investors and has a minimum investment requirement of $50,000.

The absolute net lease has an original term of 29 years with approximately 26 years of term remaining and seven 10-year renewal options thereafter with Raiders Football Club, LLC, which owns the National Football League franchise.

“Since their move to Las Vegas, the Raiders have earned an enterprise value of $6.5 billion and have contributed to the significant post-COVID economic rebound the city has enjoyed,” said Whitson Huffman, Capital Square co-CEO. “This investment opportunity provided the ability to own a facility with a long-term absolute net lease to one of the premiere NFL franchises located in one of the country’s most exciting metropolitan areas.”

The 2020-constructed 336,000-square-foot built-to-suit facility features a three-story, 139,000-square-foot office, 130,000-square-foot indoor practice facility 50,000-square-foot performance center, three outdoor football fields and a swimming pool.