Capital Square 1031 Completes DST Offering of Newly-Constructed Corporate Headquarters Property in Jacksonville, Florida
JACKSONVILLE, Fla. (Oct. 30, 2018) – Capital Square 1031, a leading sponsor of Delaware statutory trust investments, announced today that CS1031 Jacksonville FL HQ, DST, comprised of a newly-constructed Class A corporate headquarters and office building in Jacksonville, Florida, has been fully subscribed by a total of 30 investors.
Situated on 3.14 acres of land, the three-story, 45,000-square-foot building is located at 14701 Philips Highway. The property is 100 percent leased on an absolute net basis to Dream Finders Homes, one of the nation’s leading private homebuilders, which had the building built to suit their needs.
“This offering serves as a prime example of Capital Square’s ability to provide high quality, tax-advantaged real estate investments for Section 1031 exchange and other investors,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. “Ideally located, the property was designed to meet the present and future needs of Dream Finders Homes in a single, efficient location. The property is leased for 15 years on an absolute net basis, where the tenant is responsible for all taxes, insurance, maintenance and repairs, with annual rental increases, thereby protecting investors from the risk of future inflation. Additionally, as an income tax-free state, investors will not pay Florida income taxes. The Capital Square team was pleased with the warm response from the selling broker-dealers, financial advisors and investors who quickly subscribed to this exceptional offering.”
Capital Square has sponsored 50 DSTs and helped more than 1,300 investors seek quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code since its founding in fall 2012.
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 nationwide.
Capital Square acquires multi-family properties for growth, necessary medical properties for stable income, and other real estate investments (sale lease-backs and purchases of headquarters, offices and facilities) that have the potential to provide exceptional risk adjusted returns. By acquiring a portfolio of DSTs, investors are able to diversify and reduce the risk they would face with a single asset investment. Capital Square aims to provide real estate investors greater access to quality investments and financial planning tools to better manage and mitigate risk.
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. Since inception, the firm has sponsored 50 DSTs and has completed approximately $815 million in transaction volume. In August 2018, Capital Square ranked 1,613th on the Inc. 5000 list of fastest growing companies, with 288 percent three-year growth. In 2016, Capital Square was ranked as the second fastest growing company in the Richmond, Virginia area by Richmond BizSense. To learn more, visit www.CapitalSquare1031.com.