Capital Square Fully Subscribes Nevada Multifamily DST Offering

Capital Square, a developer of multifamily communities and a sponsor of tax-advantaged real estate investments, announced that its CS1031 Aspen Vista BFR Housing DST offering has been fully subscribed.

The Regulation D private placement, which comprises a newly completed 102-unit build-for-rent housing development in Reno, NV, raised roughly $20.5 million in equity from accredited investors.

“Capital Square is especially bullish on BFR investments because most BFR leases are one year in length, which means that Capital Square should be able to increase the rent annually in excess of the rate of inflation,” noted Capital Square co-founder and CEO Louis Rogers.

Capital Square has acquired 170 real estate assets since its inception in 2012 for more than 6,500 investors seeking quality replacement property that qualifies for tax deferral under Section 1031.