Capital Square Restructures Investments in Virginia Luxury Apartments
April 5, 2023
Capital Square has completed the full conversion of Delaware Statutory Trust Investments in Saltmeadow Bay Apartments to Capital Square Apartment REIT, an investment and ownership arrangement structure worth $72 million. As part of the transaction, 85 percent of the property’s previous DST partners gained operating unit shares within the REIT, with returns reaching 161 percent of their original investments.
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