Capital Square Raises $396M in Three Multifamily DST Offerings
Event summary
- Capital Square fully subscribed three Delaware statutory trust (DST) offerings totaling $396 million in investment cost.
- The offerings included CS1031 Parkland Apartments ($105.7M), CS1031 Tapestry West Apartments ($60.7M), and CS1031 Lyric at Norton Commons Apartments ($68M).
- A total of 579 accredited investors participated, with many investing in multiple offerings to diversify portfolios.
- Properties acquired are Class A multifamily communities in strong markets: Parkland (Florida), Richmond (Virginia), and Prospect (Kentucky).
- Capital Square has now acquired over 175 real estate assets since 2012, with $8.9 billion in transaction volume.
The big picture
Capital Square's successful raise highlights strong investor appetite for tax-advantaged, institutional-quality multifamily real estate. The firm's ability to deliver high-quality replacement properties at scale positions it well in a competitive market. With over $8.9 billion in transaction volume since 2012, Capital Square continues to expand its footprint in the real estate investment space, particularly in the DST sector.
What we're watching
- Investor Demand
- Whether Capital Square can sustain this level of investor interest in tax-advantaged multifamily real estate.
- Market Diversification
- The pace at which Capital Square expands its portfolio across different geographic markets.
- Regulatory Compliance
- How potential changes to Section 1031 tax rules could impact future DST offerings.
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