Capital Square 1031 Buys Fifth Multifamily Property in Chattanooga for DST Portfolio
December 23, 2021
Capital Square 1031, a sponsor of Delaware statutory trust offerings, has purchased One Riverside, a 280-unit multifamily property in Chattanooga, Tennessee.
The community was acquired on behalf of CS1031 One Riverside Apartments DST, a private placement offering that seeks to raise $45.34 million in equity from accredited investors and has a minimum investment of $50,000.
“Chattanooga is a gem of a city with the feel of Austin or Nashville before they took off,” said Louis Rogers, founder and chief executive officer of Capital Square. “The combination of natural beauty and economic opportunity is unrivaled in the region.”
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