Capital Square 1031 sells manufactured housing portfolio
November 27, 2018
Capital Square 1031 has sold a portfolio of three manufactured housing communities located in Indiana and Ohio.
The portfolio was owned by a group of DST investors who realized 116 percent total return of equity and 11.26 percent annualized total return on equity from their 1031 exchange investment.
The manufactured housing portfolio sale comprised:
Timberbrook, a 103-acre, 567-lot community located at 54686 County Road 19 in Bristol, Ind.
Woodlake-Sommerdale, a 65-acre community featuring 338 lot sites located at 12204 Indianapolis Road in Yoder, Ind.
Byrne Hill, a 34-acre community with 236 lot sites located at 3601 Hill Road in Toledo, Ohio
Each property in the portfolio includes a variety of onsite amenities and is located near many employment and educational opportunities.
Since its inception, Capital Square 1031 has sponsored 51 DSTs and has completed approximately $835 million in transaction volume.
To view the full article, click here.