Capital Square Fully Subscribes Miami Build-for-Rent DST in Under Three Months

Event summary

  • Capital Square fully subscribed its CS1031 The Villages at Miami Gardens BFR Housing DST offering in under three months, raising equity for a 50-unit build-for-rent townhome community in Miami Gardens, Florida.
  • The property, acquired in October 2025, is 100% occupied and features high-end finishes, strategic location near major employment centers, and proximity to Hard Rock Stadium and Miami Gardens City Center.
  • Capital Square has launched 13 build-for-rent offerings since 2022, totaling 1,684 units across seven states and 11 cities, with a gross asset value of approximately $573.7 million.
  • The Miami metro population has grown 9.5% over the past decade, attracting $4.6 billion in foreign investment and more than 50 corporate relocations since 2020.

The big picture

Capital Square's quick subscription of its Miami Gardens build-for-rent offering underscores the growing demand for rental housing in high-growth, supply-constrained markets. The company's strategy of targeting submarkets with strong fundamentals and tax-advantaged investment structures aligns with broader trends in real estate investment, particularly the build-for-rent sector's expansion. With a portfolio of 1,684 units and $573.7 million in gross asset value, Capital Square is positioning itself as a key player in the tax-advantaged real estate investment space.

What we're watching

Market Demand
How sustained demand in Miami Gardens will affect occupancy rates and rental prices in the submarket.
Development Pace
The pace at which new supply will come to market and potentially soften rental rates.
Investment Strategy
Whether Capital Square can maintain its rapid subscription rates for future build-for-rent offerings.