RICHMOND, Va., Feb. 28, 2017 /PRNewswire/ -- Capital Square 1031 announced today that three of its Delaware statutory trust offerings, comprising five grocery-anchored shopping centers in North Carolina and South Carolina, and one fitness center in Columbus, Ohio, have been fully subscribed by investors.
Approximately 65 investors subscribed to CSRA Columbus OH Fitness, DST; CSRA Grocery Portfolio I, DST; and CSRA Grocery Portfolio II, DST.
"We are pleased to fully subscribe these three DST offerings, each comprised of retail real estate anchored by a high quality, credit tenant," said Louis Rogers, founder and chief executive officer of Capital Square 1031. "Our firm has closed 31 DST offerings since inception, and we look forward to continuing to provide investment grade, tax-advantaged real estate opportunities to investors."
CSRA Columbus OH Fitness, DST includes a 53,206-square-foot, two-story fitness facility located at 3474 Sawmill Drive in Powell, a suburb of Columbus, Ohio. The building is 100 percent leased on a long-term basis to LA Fitness, the largest health club operator nationwide.
CSRA Grocery Portfolio I is comprised of three shopping centers anchored by Food Lion, a leading Southeastern and Mid-Atlantic supermarket retailer, in North Carolina and South Carolina. The portfolio is comprised of:
- West Point Village, a 48,246-square-foot shopping center located at 433 North Carolina Highway 49 South in Asheboro, N.C.;
- College Lakes, a 43,041-square-foot shopping center located at 929 McArthur Road in Fayetteville, N.C.; and
- Kris Krossing, a 49,800-square-foot shopping center located at 3320 4th Ave. in Conway, S.C.
CSRA Grocery Portfolio II includes two shopping centers anchored by Food Lion in North Carolina. Totaling 106,943 square feet of retail space, the two properties are located at 824 S. Van Buren Road in Eden, and 1005 Monroe Street in Carthage.
As of February 15, 2017, the firm oversees a national portfolio of 58 real estate assets valued at approximately $600 million (based on investment cost).
About Capital Square 1031
Capital Square 1031 is a national real estate investment and management company. The firm sponsors institutional-quality real estate exchange programs that qualify for tax deferral under Section 1031 of the Internal Revenue Code. Capital Square uses the Delaware Statutory Trust (DST) structure to make quality real estate available to a larger number of investors. Capital Square provides a range of services, including due diligence, acquisition, loan sourcing, property management/asset management, and disposition, for a growing number of high net worth investors, private equity firms, family offices and institutional investors. As of February 15, 2017, the firm oversees a national portfolio of 58 real estate assets valued at approximately $600 million (based on investment cost). In September 2016, Capital Square was ranked as the second fastest growing company in the Richmond, Virginia area by Richmond BizSense, with 274 percent annual revenue growth from 2013 to 2015. To learn more, visit www.CapitalSquare1031.com.
SOURCE Capital Square 1031
Share this article