Capital Square Completes DST Offering of Manufactured Housing Portfolio
March 30, 2015
RICHMOND, Va. (March 30, 2015) – Capital Square Realty Advisors, LLC announced today that its Delaware Statutory Trust offering of a portfolio of three manufactured housing communities has been fully subscribed by investors. The portfolio includes 1,141 rentable lots located in Indiana and Ohio.
Capital Square Realty Advisors specializes in structuring real estate programs primarily for investors seeking tax deferral under Section 1031 of the Internal Revenue Code, using the Delaware Statutory Trust (DST) structure to satisfy IRS requirements. Capital Square has successfully completed its DST offering of three manufactured housing assets in the Midwest. “Manufactured housing is a unique asset class with significant barriers to entry,” said Louis Rogers, founder and chief executive officer of Capital Square.
“With low operating costs, strong demand from tenants and minimal rollover, manufactured housing is an attractive asset class that has the potential to provide superior risk adjusted returns for investors, with both stable cash flow and capital appreciation.”
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