Capital Square 1031 Fully Subscribes DST Offering of Georgia Medical Facility
July 28, 2020
Capital Square 1031, a sponsor of Delaware statutory trust offerings for Section 1031 exchange and other accredited investors, has fully subscribed its Regulation D private placement offering, CS1031 Augusta MOB DST. The offering is comprised of a 30,500-square-foot orthopedic clinic in Augusta, Georgia, that was acquired by the DST in an all-cash transaction.
“Medical facility investments have proven to be recession-resistant over time,” said Louis Rogers, founder and chief executive office of Capital Square. “Medical care is considered a ‘necessary service’ that continues to operate even during an unprecedented pandemic.”
The facility is comprised of an orthopedic clinic that has 18 exam rooms, a dual X-ray suite, designated waiting areas, a physical therapy center, an MRI suite and space to expand for practice growth.
Constructed in 2009 and situated on nearly two acres of land, the building is 100 percent leased on a triple net basis for 12 years to Champion Orthopedics. The orthopedic practice provides orthopedic and musculoskeletal care; specialized sports medicine treatment; orthopedic surgery; physical therapy and rehabilitation services; and diagnostic imaging.
Rogers added, “Medical care is considered a ‘necessary service’ that continues to operate even during an unprecedented pandemic.”
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