Capital Square 1031 Buys New Multifamily Community in Georgia
January 6, 2022
Capital Square 1031, a sponsor of Delaware statutory trust offerings, has purchased a new Class A, 234-unit multifamily property in Commerce, Georgia, approximately 70 miles from Atlanta, on behalf of one its Delaware statutory trust offerings.
CS1031 Capstone at Banks Crossing Apartments DST is a private placement offering that seeks to raise $32 million in equity from accredited investors and has a minimum investment of $50,000.
“Capstone at Banks Crossing Apartments is Capital Square’s fifteenth acquisition of an apartment community in Georgia, creating management efficiencies and economies of scale,” said Louis Rogers, founder and chief executive officer of Capital Square. “Capital Square is bullish on Metro Atlanta because the economy is growing rapidly and creating jobs. The population of the Atlanta metropolitan statistical area increased 15.2 percent between 2010 and 2020, and Commerce, along with nearby areas, has become an important industrial hub for the growing region.”
To view the full story, click here.