[ad_1]
The acquisition is on behalf of a Delaware statutory trust investment offering that seeks to raise $60.475 million in equity from accredited investors
LOUISVILLE, Ky., April 4, 2022 /PRNewswire/ — Capital Squarea leading sponsor of Delaware statutory trust (DST) offerings for Section 1031 exchange and other accredited investors, announced today the acquisition of a newly built, Class A, 309-unit multifamily community in Louisville, Kentucky. The community, developed by LIV Development, was acquired on behalf of CS1031 The Louis Apartment Flats, DST, a Delaware Statutory Trust offering for Section 1031 exchange and other (cash) investors.
“Capital Square is bullish on Class A multifamily investments because they generate an unrivaled combination of stable cash flow, appreciation potential, and inflation protection,” said Louis Rogersfounder and chief executive officer of Capital Square. “The facts speak for themselves: for over two years, in spite of the pandemic, Capital Square has collected approximately 99% of all rents due on nearly 11,000 apartment units across the southeast. Investors are flocking to the multifamily asset class even more today because of the proven inflation protection.”
Located at 3750 Chamberlain Lane, The Louis is a newly built community completed in 2021. It offers one-, two-, and three-bedroom units with top-of-the-line finishes and an average unit size of 966 square feet. Community amenities include a: resort-style swimming pool with poolside cabanas; 24-hour, state-of-the-art fitness center; resident lounge with a complimentary gourmet coffee bar; business center with private workspaces and printing stations; fenced pet park with pet spa; and 24-hour onsite community market.
“LIV Development is incredibly pleased with the finished product at The Louis,” said…
Full story available on Benzinga.com
[ad_2]
Source link
