Capital Square 1031 Buys Florida Gulf Coast MHC

October 8, 2021

Capital Square 1031 has acquired The Coach House, a 420-homesite community in Palmetto, Fla. The deal marks the company’s eighth purchase of an age-restricted, manufactured housing community for the DST/1031 exchange program in Florida. Most recently, Capital Square acquired Midway Estates, an over 55 manufactured housing community in Vero Beach for $13 million.

Located at 4907 28th Ave. E, The Coach House is close to several retail choices, some 7 miles from Interstate 75 and roughly 44 miles south of downtown Tampa, Fla. Occupying 80 acres, the over 55 community features common-area amenities such as a clubhouse, laundry room, heated pool, fitness center, three community lakes and storage lots for residents.

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