Capital Square Buys Georgia Multifamily Property for DST Offering
April 30, 2021
Capital Square 1031, a sponsor of Delaware statutory trust offerings for 1031 exchange and other accredited investors, has purchased SouthLawn Lawrenceville, a newly constructed multifamily community with retail space located in the Atlanta suburb of Lawrenceville, Georgia. With this latest acquisition, the company has surpassed $3 billion in transaction volume.
The community was purchased for CS1031 SouthLawn Lawrenceville Apartments DST, a Regulation D private placement that seeks to raise approximately $64.4 million.
Constructed in 2020, SouthLawn Lawrenceville is comprised of 430 units and approximately 15,000 square feet of street-level retail space. Situated on 14 acres of land within downtown Lawrenceville, the community includes studio, one-, two- and three-bedroom units ranging in size from 622 square feet to 1,375 square feet.
“SouthLawn Lawrenceville is the next in Capital Square’s line of newly constructed, Class A multifamily communities in the Southeast,” said Louis Rogers, founder and chief executive officer of Capital Square. “It is the highest quality, walkable, mixed-used community in the area. In addition, Atlanta is the business center of the Southeast, with major employers following businesses into the Peach State. Microsoft, Airbnb, Honeywell, GE Digital and BlackRock are opening major facilities in the area, adding jobs and increasing demand for quality apartments.”
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