Capital Square also launched its first real estate investment trust and accepted two full-cycle DST offerings.
Richmond, Virginia., August 2, 2021 / PRNewswire / – Capital square, a national investment sponsor specializing in tax-exempt real estate, announced today that in the first half of 2021, the company acquired more than $ 565 million in real estate (based on investment value) it took two Delaware The Legislative Trust (DST) offers full cycle and launched Capital Square Apartment REIT, Inc.
“Back in 2012, a skilled group of real estate professionals came together and formed Capital Square Realty Advisors LLC to sponsor tax-exempt real estate investments,” he said. Louis Rogers, founder and CEO of Capital Square. “The founders outlined the firm’s strategies for buying, financing, managing and selling investment property. Now, after nine years of work, I am pleased to report that investment strategies have proven to be very successful. In addition, new investments and strategies are underway. implemented to capitalize on recent market developments and achieve even greater success in the future. “
As of June 30, 2021Capital Square sponsored 101 investment proposals resulting in the acquisition of 132 investment value properties $ 3.042 billion for over 3,300 investors across the country.
“Capital Square’s original business plan highlighted sponsorship Delaware statutory trusts, or DSTs, for Section 1031 exchange investors who want tax deferral, stable returns, and value appreciation. The DST business has become very successful. Capital Square is the second largest sponsor of 1,031 offerings in the country (as of 30 June, 2021) according to Mountain Dell Consulting LLC, which tracks 1031 securitized exchange markets, ”Rogers said.
Rogers added that financing acquisition and development projects is Capital Square’s strength. “The firm has negotiated extremely lucrative debt, some with interest rates in the 2% range, from a leading group of lenders that include Fannie Mae, New York Life, Bank of America, Prudential Financial and PNC Bank. Capital Square thanks Alex Huffman and her team at Walker & Dunlop for organizing approximately $ 300 million financing in the first half of the year ”.
In addition, the Capital Square Apartment REIT was launched to invest in multi-family real estate in the Southeastern United States and Texas for stable income and growth. REIT closed its first acquisition in May, Sapphire at Centerpointe, a Class A tenement community of 192 units in Midlothian, suburb Richmond, Virginiawhich was 99.5% busy on June 30, 2021…
During the first six months of 2021, Capital Square experienced the following activity in its investment programs:
Capital Square has acquired 10 properties for investment programs, including seven apartment buildings, an industrial residential complex in St. Florida, a state-of-the-art data center, and a research and development and industrial campus.
Capital Square completed two DST end-to-end offerings when it sold office DST with a total return on equity of 159.31% * and multifamily DST with a total return on equity of 167.22%.
Capital Square has expanded its headquarters in Richmond, Virginia, has an office in Washington DC, and will soon open an office in Irvine, California… The firm has benefited from its location in a business-friendly state. According to CNBC, Virginia is America’s best state for business in 2021.
About the metropolitan area
Capital Square is a national real estate firm specializing in real estate investment with tax incentives including Delaware statutory trusts for Section 1031 exchanges and qualified zone funds for tax deferral and exemptions. Since 2012, Capital Square has completed more than $ 3 billion in the volume of the transaction. Capital Square’s executive team has decades of experience in real estate investment. Its founder, Louis Rogers, has structured hundreds of investment proposals for a total amount exceeding $ 5 billion… Capital Square-affiliated businesses provide a range of services, including due diligence, acquisitions, loan lookouts, property / asset management and disposals, to a growing number of high net worth investors, private equity firms, family offices and institutional investors. Since 2017, Capital Square has been recognized by Inc. 5000 as one of the fastest growing companies in the country for four consecutive years. In 2017, 2018 and 2020, the company was also included in the list of the fastest growing companies in Richmond BizSense. In addition, Capital Square has been listed as a Virginia Business in their Best Places to Work. Virginia“In 2019 and their Fantastic 50 reports in 2019 and 2020. To find out more visit www.CapitalSquare1031.com…
Disclaimer: Securities offered through WealthForge Securities, LLC, a FINRA / SIPC member. Capital Square and WealthForge Securities, LLC are separate entities. There are significant risks associated with investing in DST real estate and real estate securities, including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, risk of new supply to the market and lower rental rates, general ownership risks. exploitation of commercial and multi-family property, short-term leases associated with multi-family real estate, financial risks, potential adverse tax consequences, general economic risks, development risks, long periods of ownership and potential loss of the entire principal amount of the investment. Past performance is not a guarantee of future performance. Potential cash flow, refunds and value increases are not guaranteed. Section 1031 of the IRC is a complex tax concept; consult your lawyer or tax professional regarding the specifics of your particular situation. This is not an invitation or offer to review any securities. Please read the Private Placement Memorandum (PPM) in full, paying particular attention to the risk section before investing. Private placements are speculative. Diversification does not guarantee profits and does not protect against losses.
* ROE (“Return on Equity”) is the ratio of the total proceeds from sales and distributions over the life of the asset to the total initial capital invested. “Annual income” is defined as the difference between the net proceeds from the sale and the initial investment plus distributions during the holding period, divided by the initial investment; divided by the number of months; times 12. Return on equity and annualized return do not include commissions and represent income for the individual investor. No representations are made that any investment will or may result in gains or losses similar to those experienced in the past, or that no losses will be incurred.
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SOURCE Capital Square