Capital Square 1031 Buys Multifamily Property Near Kansas City for DST Offering
January 24, 2022
Capital Square, an investment sponsor specializing in tax-advantaged real estate offerings, has purchased a Class A, 237-unit multifamily community in Olathe, a city within the Kansas City metropolitan area.
The property was purchased on behalf of CS1031 Villas at Ridgeview Falls Apartments DST, a private placement offering that seeks to raise $35.2 million in equity from accredited investors and has a minimum investment of $50,000.
“Villas at Ridgeview Falls is the next in the line of highly-amenitized, newly constructed, Class A apartment communities acquired by Capital Square for the 1031/DST program,” said Louis Rogers founder and chief executive officer of Capital Square. “Capital Square was drawn to the location of this property – Olathe, the seat of Johnson County, 20 miles southwest of Kansas City, where the economy is strong, with 4.4 percent job growth and a 3.5 percent unemployment rate as of September 2021.”
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