Offerings Archive - Capital Square - Raising capital, buildings and expectations

Texas Active Living Portfolio I, DST

Erik Pitzer — Wed, 04 Mar 2026 19:48:02 +0000

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CS1031 Texas Active Living Portfolio I, DST, is a 76-unit portfolio consisting of two boutique active-adult (55+) cottage communities located in McKinney and Waco, Texas.

Across both communities, homes are designed with the active adult demographic in mind. Single-story floor plans are ADA accessible with thoughtful features including step-free entries, wide doorways, and accessible bathrooms. Interior finishes include upgraded flooring, granite countertops, custom cabinetry, stainless steel energy-efficient appliances, large walk-in closets and additional storage.

As of March 1, 2026, both properties were 100% occupied and supported by deep waitlists, with 18 prospective residents in McKinney and 12 in Waco, each secured by a $1,000 deposit.

Disclosures

An investment in the Interests involves substantial investment and tax risks, including, without limitation, the following risks:

Past performance is not a guarantee of future results.
The economic success of the Interests will depend upon the results of operations of the property. Fluctuations in vacancy rates, rent schedules and operating expenses can adversely affect operating results or render the sale or refinancing of the property difficult or unattractive.
Each master tenant’s capitalization is supported solely by the cash flow from the underlying tenant leases. The sponsor is not under any obligation to contribute capital to the master tenants.
No assurance can be given that future cash flow will be sufficient to cover capital expenditures or operating expenses.
No assurance can be given that beneficial owners of interests will realize a substantial return (if any) on their investment or that they will not lose their entire investment in the parent trust.
There are various risks associated with owning, operating and leasing residential properties in Texas.
The interests are not freely transferable by the beneficial owners.
The interests do not represent a diversified investment.
Beneficial owners must completely rely on the master tenants to collect the rent and operate, manage, lease and maintain the properties.
The beneficial owners have no voting rights with respect to the management or operations of the trust or the operating trusts or in connection with the sale of the properties.
There are various conflicts of interest among the trusts, the sponsor, the signatory trustee and their affiliates.
The interests are illiquid.
There are tax risks associated with an investment in the interests.
There are risks related to competition from properties similar to and near the properties.
There may be environmental risks related to the properties.
Private placements are speculative and illiquid.

Securities offered through WealthForge Distributors, LLC, the managing broker dealer for the CS1031 Texas Active Living Portfolio I, DST offering and member FINRA/ SIPC. Capital Square and WealthForge are not affiliated

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Richmond Active Living Apartments, DST

Erik Pitzer — Thu, 18 Dec 2025 15:06:36 +0000

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Everleigh Short Pump is a Class A, active adult 55+ age-restricted community composed of one-, two- and three-bedroom units with nine-foot ceilings and kitchen islands, located within the greater Richmond MSA. Amenities include a heated swimming pool, yoga studio, a sun deck, and a great room for large gatherings and dining, as well as a resident lounge and theater room. The property is staffed with a dedicated activities director who creates engaging experiences for residents, including happy hours, fitness programs, and creative and educational classes.

Consider the Risks

An investment in the interests involves substantial investment and tax risks, including, without limitation, the following risks:

Past performance is not a guarantee of future results.
The economic success of the interests will depend upon the results of operations of the property. Fluctuations in vacancy rates, rent schedules and operating expenses can adversely affect operating results or render the sale or refinancing of the property difficult or unattractive.
The master tenant’s capitalization is supported solely by the cash flow from the underlying tenant lease. The sponsor is not under any obligation to contribute capital to the master tenant.
No assurance can be given that future cash flow will be sufficient to make the debt service payments on any borrowed funds and also cover capital expenditures or operating expenses.
No assurance can be given that beneficial owners of interests will realize a substantial return (if any) on their investment or that they will not lose their entire investment in the trust.
There are various risks associated with owning, financing, operating and leasing residential properties in Virginia.
The interests are not freely transferable by the beneficial owners.
The interests do not represent a diversified investment.
Beneficial owners must completely rely on the master tenant to collect the rent and operate, manage, lease and maintain the property.
The beneficial owners have no voting rights with respect to the management or operations of the Trust or in connection with the sale of the property.
There are various conflicts of interest among the trust, the sponsor, the signatory trustee and their affiliates.
The interests are illiquid.
There are tax risks associated with an investment in the interests.
There are risks related to competition from properties similar to and near the property.
There may be environmental risks related to the property.
Private placements are speculative and illiquid.

Securities offered through WealthForge Securities, LLC, the managing broker dealer for the CS1031 Richmond Active Living Apartments, DST offering and member FINRA/ SIPC. Capital Square and WealthForge are not affiliated.

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Blue Horizons BFR, LLC

Erik Pitzer — Mon, 17 Nov 2025 16:05:04 +0000

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Capital Square has partnered with Sunstone Two Tree, again, to develop a build-for-rent, single-family rental community comprising 238 units on approximately 20.86 acres in Buckeye, Arizona, within the Phoenix-Mesa-Chandler MSA. The project is expected to include:

88 detached villas
- three- and four-bedroom units, averaging 1,631 square feet
150 townhomes
- two- and three-bedroom units, averaging 1,271 square feet
Clubhouse
Pool/Spa
Fitness center
Grilling pavilion
Pocket parks
Playground

Consider the Risks

There will be occasions when the Manager and its affiliates may encounter potential conflicts of interest in connection with the Fund and its Members and there is no independent dispute resolution mechanism in place to resolve such conflicts. Potential investors should be aware that an investment in the Fund involves a significant degree of risk.

An investment in investor units involves substantial risks including, but not limited to, the following risk factors:

The Offering will be made on a “best efforts” basis with no minimum investment raise requirement.
The various risks associated with acquiring, financing, owning, constructing, leasing and operating single-family rental communities located in Buckeye, Arizona.
The investor units do not represent a diversified investment because the Fund’s activities will be limited to the Property.
Although Capital Square and its affiliates have extensive experience in acquiring, developing, improving and operating multifamily and commercial real estate, the Fund and the Manager were recently organized and do not have a significant operating history or significant assets.
Investors will rely solely on the Manager to manage the Fund and Sunstone Two Tree to manage the Property; although the Fund will have substantial voting rights with respect to major decisions affecting the Joint Venture, Sunstone Two Tree will have broad discretion to make decisions regarding the Property.
Real estate development is an inherently risky activity.
The Fund may not make capital distributions until the sale or refinancing of the Property, if at all.
Real estate-related investments involve substantial risks.
The Fund will pay substantial fees to Sunstone Two Tree, the Manager and their affiliates.
The investor units will be highly illiquid; transferability of the investor units is restricted and withdrawals of capital contributions are prohibited.
Substantial actual and potential conflicts of interest exist among the Fund, the Manager, Capital Square and their affiliates.
An investor could lose all or a substantial portion of his investment in the Fund.
Private placements are speculative and illiquid.

Securities offered through WealthForge Securities, LLC, member FINRA/SIPC. Capital Square and WealthForge are not affiliated.

Images are representative of similar build-for-rent developements.

Capital Square and its affiliates do not and cannot provide tax advice.

This information is not intended to be, nor may it be construed or used as, financial, legal, tax or investment advice or an offer to sell, or a solicitation of any offer to buy or sell an interest in any private placement. No offer or solicitation may be made prior to the delivery of appropriate private placement offering documents to qualified prospective investors. This information does not take into account the particular investment objectives or financial circumstances of any specific person who may receive it More complete disclosures and the terms and conditions relating to an investment in a particular private placement is contained in the proper set of offering documents. Before making any investment, prospective investors should thoroughly and carefully review offering documents with their own independent financial, legal and tax advisors to determine whether an investment is suitable for them. An investment in any particular private placement is not suitable for all investors. No representation or warranty of any kind is made with respect to the Internal Revenue Service’s (the IRS’s) acceptance of the treatment of any item by the company or an investor.

Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in LLC properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. A potential Roth IRA Conversion is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to see any securities. Private placements are speculative. Private placements are illiquid and an investor may lose an entire investment.

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The Villages at Miami Gardens BFR Housing, DST

Erik Pitzer — Thu, 09 Oct 2025 19:32:52 +0000

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The Villages at Miami Gardens is a recently constructed build-for-rent community composed of 50 single-family-style townhomes located in the Miami-Dade MSA, with a mix of three- and four-bedroom units. Units boast high-end finishes with a mix of porcelain and vinyl flooring, stainless steel appliances, in-unit stackable washer/dryer, white quartz countertops, European cabinetry, central air conditioning, recessed lighting and impact windows. The property is one of only 12 build-for-rent townhome communities in Miami-Dade (752 units total), with just seven built since 2021.

Consider the Risks

An investment in the Interests involves substantial investment and tax risks, including, without limitation, the following risks:

Past performance is not a guarantee of future results.
The economic success of the Interests will depend upon the results of operations of the property. Fluctuations in vacancy rates, rent schedules and operating expenses can adversely affect operating results or render the sale or refinancing of the property difficult or unattractive.
The master tenant’s capitalization is supported solely by the cash flow from the underlying tenant lease. The sponsor is not under any obligation to contribute capital to the master tenant.
No assurance can be given that future cash flow will be sufficient to make the debt service payments on any borrowed funds and also cover capital expenditures or operating expenses.
No assurance can be given that beneficial owners of interests will realize a substantial return (if any) on their investment or that they will not lose their entire investment in the trust.
There are various risks associated with owning, financing, operating and leasing residential properties in Florida.
The interests are not freely transferable by the beneficial owners.
The interests do not represent a diversified investment.
Beneficial owners must completely rely on the master tenant to collect the rent and operate, manage, lease and maintain the property.
The beneficial owners have no voting rights with respect to the management or operations of the Trust or in connection with the sale of the property.
There are various conflicts of interest among the trust, the sponsor, the signatory trustee and their affiliates.
The interests are illiquid.
There are tax risks associated with an investment in the interests.
There are risks related to competition from properties similar to and near the property.
There may be environmental risks related to the property.
Private placements are speculative.

Securities offered through WealthForge Securities, LLC, the managing broker dealer for the CS1031 The Villages at Miami Gardens BFR Housing, DST offering and member FINRA/ SIPC. Capital Square and WealthForge are not affiliated.

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Zero Coupon DFW Hospitality, DST

Erik Pitzer — Fri, 22 Aug 2025 16:33:45 +0000

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CS1031 Zero Coupon DFW Hospitality, DST, a Delaware statutory trust, has been formed for the purpose of acquiring (i) fee simple title to that certain approximately 0.92-acre site located at 815 Commerce Street, Fort Worth, Texas (the “land”), (ii) the ground landlord interest in the existing long-term ground lease to which the land is subject (the “ground lease”) and (iii) a reversionary interest in the improvements situated on the land, which consist of a 14-story building currently being operated as a Le Meridien Hotel, an upscale, full-service hotel with 188 rooms, a conference facility and a restaurant (the “improvements”).

The full-service hotel consists of 254,778 square feet of gross building area and a 14-story structure, which includes:

188 guest rooms and 313 garage parking spaces
Three-meal restaurant
Rooftop bar with outdoor event space
Ballroom
Convention space
Meeting rooms
Outdoor swimming pool and deck
Fitness center
On-site valet services

Consider the Risks
An investment in the interests involves substantial investment and tax risks, including, without limitation, the following risks:

Past performance is not a guarantee of future results.
The property is highly leveraged and will produce no distributions to purchasers before the disposition of the property.
The property is 100% leased to a single tenant.
Any default by the operator or the ground tenant will adversely affect the trust’s operations.
The improvements have been designed for use as a hotel, which could result in substantial re-leasing costs or a lower sale price.
The trust may suffer adverse consequences due to financial difficulties, bankruptcy, or insolvency of the ground tenant, the operator or their affiliates.
No assurance can be given that future cash flow will be sufficient to make the debt service payments on any borrowed funds and also cover capital expenditures or operating expenses.
No assurance can be given that beneficial owners of interests will not lose their entire investment in the trust.
The interests are not freely transferable by the beneficial owners.
There are various risks associated with owning, financing, operating and leasing an upscale hotel in Fort Worth, Texas.
The interests do not represent a diversified investment.
Beneficial owners must completely rely on the signatory trustee to collect the rent under the ground lease and the ground tenant and its affiliates to operate, manage, lease and maintain the Improvements.
The beneficial owners have no voting rights with respect to the management or operations of the trust or in connection with the sale of the property.
There are various conflicts of interest among the trust, the sponsor, the signatory trustee, and their affiliates.
The interests are illiquid.
There are tax risks associated with an investment in the interests.
There are risks related to competition from properties similar to and near the property.
There may be environmental risks related to the property.
Private placements are speculative and illiquid.

Securities offered through WealthForge Securities, LLC, the managing broker-dealer for the CS1031 Zero Coupon DFW Hospitality, DST offering and member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are not affiliated.

Note to prospective purchasers: None of the ground tenant, the operator, Marriott or any of their affiliates has reviewed, endorsed or ratified the memorandum or this offering or any disclosures or information regarding the operations of the property made by the trust or the sponsor in the memorandum or as part of this offering.

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Texas Active Living I, DST

Erik Pitzer — Fri, 01 Aug 2025 18:40:19 +0000

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Texas Active Living I is a recently delivered boutique active adult build-for-rent community consisting of 62 single-family cottage style homes in Fredericksburg Texas, with a mix of one-and two-bedroom units.

Units boast open floor plans, averaging 1,208 square feet. All units are ADA compliant with thoughtful features such as zero-threshold showers. A concierge is on staff to create a unique experience for residents by maintaining an active social calendar, including weekly activities held in the 6,000-square-foot clubhouse. Additional amenities include a swimming pool, fitness room featuring group classes, and an industrial-style kitchen within the clubhouse available for resident use. Fredericksburg ranked as a “top retirement dream area,” offering peace, safety and a vibrant mix of educated seniors. The region has seen 18.8% population growth within 50 miles over the last five years, among the highest in the nation.¹

Sources

Scout Report, 2025.

Consider the Risks
An investment in the Interests involves substantial investment and tax risks, including, without limitation, the following risks:

Past performance is not a guarantee of future results.
The economic success of the Interests will depend upon the results of operations of the property. Fluctuations in vacancy rates, rent schedules and operating expenses can adversely affect operating results or render the sale or refinancing of the property difficult or unattractive.
The master tenant’s capitalization is supported solely by the cash flow from the underlying tenant lease. The sponsor is not under any obligation to contribute capital to the master tenant.
No assurance can be given that future cash flow will be sufficient to cover capital expenditures or operating expenses.
No assurance can be given that beneficial owners of interests will realize a substantial return (if any) on their investment or that they will not lose their entire investment in the trust.
There are various risks associated with owning, financing, operating and leasing residential properties in Fredericksburg, Texas.
The interests are not freely transferable by the beneficial owners.
The interests do not represent a diversified investment.
Beneficial owners must completely rely on the master tenant to collect the rent and operate, manage, lease and maintain the property.
The beneficial owners have no voting rights with respect to the management or operations of the Trust or in connection with the sale of the property.
There are various conflicts of interest among the trust, the sponsor, the signatory trustee and their affiliates.
The interests are illiquid.
There are tax risks associated with an investment in the interests.
There are risks related to competition from properties similar to and near the property.
There may be environmental risks related to the property.
Private placements are speculative.

Securities offered through WealthForge Securities, LLC, the managing broker dealer for the CS1031 Texas Active Living I, DST offering and member FINRA/ SIPC. Capital Square and WealthForge are not affiliated.

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Valley Ridge BFR Housing, DST

OpenBox Nine — Wed, 02 Oct 2024 01:35:11 +0000

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Valley Ridge is a newly constructed 129- unit build-for-rent (BFR) community in Rossville, Georgia (Chattanooga MSA) with a mix of three-, four- and five-bedroom detached single-family homes that include high-end finishes, backyards and two-car garages.

D.R. Horton, the nation’s largest homebuilder by volume, built the community in 2023. Modern units boast an average of 1,879-square-foot open floorplans with modern finishes, stainless steel appliances, full size washer and dryers, walk-in closets, smart home integration and attached two-car garages. Valley Ridge is the only asset delivered in the submarket in the past 12 months with no competitive properties under construction, the limited supply in Rossville differentiates it positively from the broader Chattanooga area. Capital Square is one of the largest institutional owners of multifamily properties in Chattanooga with almost 1,300 units. Valley Ridge will realize synergies with Capital Square’s extensive in-house operating footprint in Chattanooga.

Consider the Risks

An investment in the Interests involves substantial investment and tax risks, including, without limitation, the following risks:

Past performance is not a guarantee of future results.
The economic success of the Interests will depend upon the results of operations of the property. Fluctuations in vacancy rates, rent schedules and operating expenses can adversely affect operating results or render the sale or refinancing of the property difficult or unattractive.
The master tenant’s capitalization is supported solely by the cash flow from the underlying tenant lease. The sponsor is not under any obligation to contribute capital to the master tenant.
No assurance can be given that future cash flow will be sufficient to make the debt service payments on any borrowed funds and also cover capital expenditures or operating expenses.
No assurance can be given that beneficial owners of interests will realize a substantial return (if any) on their investment or that they will not lose their entire investment in the trust.
There are various risks associated with owning, financing, operating and leasing residential properties in Georgia.
The interests are not freely transferable by the beneficial owners.
The interests do not represent a diversified investment.
Beneficial owners must completely rely on the master tenant to collect the rent and operate, manage, lease and maintain the property.
The beneficial owners have no voting rights with respect to the management or operations of the Trust or in connection with the sale of the property.
There are various conflicts of interest among the trust, the sponsor, the signatory trustee and their affiliates.
The interests are illiquid.
There are tax risks associated with an investment in the interests.
There are risks related to competition from properties similar to and near the property.
There may be environmental risks related to the property.
Private placements are speculative.

Securities offered through WealthForge Securities, LLC, the managing broker dealer for the CS1031 Valley Ridge BFR Housing, DST offering and member FINRA/ SIPC. Capital Square and WealthForge are not affiliated.

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Sidbury Station BFR Housing, DST

Erik Pitzer — Wed, 24 Jul 2024 13:49:07 +0000

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Sidbury Station is a newly constructed, 113-unit build-for-rent community in Castle Hayne, North Carolina (Wilmington MSA) with a mix of three-, four- and five-bedroom detached single-family homes boasting high-end finishes, backyards and two-car garages.

D.R. Horton, the nation’s largest homebuilder by volume, built the community in 2023. Modern units boast an average of 1,829 square feet with open floorplans, granite countertops, stainless steel appliances, full size washer and dryers, walk-in closets, smart home integration and attached two-car garages. Capital Square’s basis at $348,000 per unit represents a compelling discount relative other for sale homes within the Sidbury Station master planned community at $368,225 per unit. Located on the north side of Wilmington’s MSA, Sidbury Station is one of only four purpose-built rental communities that make up less than 2% of Wilmington MSA’s rental inventory. Limited supply provides a strategic advantage to drive occupancy and rental growth.¹

Consider The Risks

An investment in the Interests involves substantial investment and tax risks, including, without limitation, the following risks:

Past performance is not a guarantee of future results.
The economic success of the Interests will depend upon the results of operations of the property. Fluctuations in vacancy rates, rent schedules and operating expenses can adversely affect operating results or render the sale or refinancing of the property difficult or unattractive.
The master tenant’s capitalization is supported solely by the cash flow from the underlying tenant lease. The sponsor is not under any obligation to contribute capital to the master tenant.
No assurance can be given that future cash flow will be sufficient to make the debt service payments on any borrowed funds and also cover capital expenditures or operating expenses.
No assurance can be given that beneficial owners of interests will realize a substantial return (if any) on their investment or that they will not lose their entire investment in the trust.
There are various risks associated with owning, financing, operating and leasing residential properties in North Carolina.
The interests are not freely transferable by the beneficial owners.
The interests do not represent a diversified investment.
Beneficial owners must completely rely on the master tenant to collect the rent and operate, manage, lease and maintain the property.
The beneficial owners have no voting rights with respect to the management or operations of the Trust or in connection with the sale of the property.
There are various conflicts of interest among the trust, the sponsor, the signatory trustee and their affiliates.
The interests are illiquid.
There are tax risks associated with an investment in the interests.
There are risks related to competition from properties similar to and near the property.
There may be environmental risks related to the property.
Private placements are speculative.

Securities offered through WealthForge Securities, LLC, the managing broker dealer for the CS1031 Sidbury Station BFR Housing, DST offering and member FINRA/ SIPC. Capital Square and WealthForge are not affiliated.

Source: Regis Online, 2024 ︎

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Opportunity Zone Fund IX, LLC

Erik Pitzer — Thu, 20 Jun 2024 13:53:40 +0000

Rendering of CSRA OZ IX development

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$77,395,000 offering for accredited investors only. Minimum investment of $100,000 (100 investor units).

Project-specific fund will develop a mixed-use apartment community in the amenity-rich Scott’s Addition neighborhood of Richmond, Virginia with approximately 320 apartment units (approximately one-third of which are expected to be furnished apartment hotel units) onsite parking and ground-floor retail space.

Securities offered through WealthForge Securities, LLC, member FINRA/ SIPC. Capital Square and WealthForge are not affiliated. Images used throughout are CSRA Opportunity Zone Fund IX, LLC project renderings and are subject to change. There will be occasions when the manager and its affiliates may encounter potential conflicts of interest in connection with the fund and its members and there is no independent dispute resolution mechanism in place to resolve such conflicts. Potential investors should be aware that an investment in the fund involves a significant degree of risk. An investment in investor units involves substantial risks including, but not limited to, the following risk factors:

The offering will be made on a “best efforts” basis with no minimum investment requirement.
The various risks associated with acquiring, financing, owning, constructing, leasing and operating multifamily real estate located in Richmond, Virginia.
The investor units do not represent a diversified investment because the fund’s activities will be limited to the property.
Although Capital Square and its affiliates have extensive experience in acquiring, improving and operating commercial real estate, the fund and the manager were recently organized and do not have an operating history or significant assets.
Investors will rely solely on the manager to manage the fund and the property; the manager will have broad discretion to make decisions regarding the property.
There are substantial risks associated with developing the property in an economically disadvantaged, qualified opportunity zone that permits investors in the fund to qualify for available opportunity zone tax benefits.
Real estate-related investments involve substantial risks.
Diversification does not guarantee profits or protect against losses.
Investment may result in a loss of entire amount invested.
The fund may not make capital distributions until the sale or refinancing of the property, if at all.
The fund will pay substantial fees to the manager and its affiliates (including CS Development).
The investor units will be highly illiquid; transferability of the investor units is restricted and withdrawals of capital contributions are prohibited.
Substantial actual and potential conflicts of interest exist among the fund, the manager, Capital Square, CS Development and their affiliates.
An investor could lose all or a substantial portion of his investment in the fund.
There are tax risks associated with an investment in the investor units, including the possibility that government regulations regarding opportunity zone investments may change.
The income tax laws applicable to the fund and to Investors therein are extremely complex, and the summary herein is not exhaustive and does not constitute tax advice. A person considering an investment in the fund should consult its own tax advisor in order to understand fully the federal, state, local, and foreign income tax consequences of an investment with respect to the Investor’s particular situation.
Private placements are speculative.

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Parkland Apartments, DST

Erik Pitzer — Sat, 23 Dec 2023 00:00:00 +0000

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Now paying 5% annual distribution rate!*

Parkland Apartments is a 396-unit, multifamily apartment community with a mix of garden-style apartments and townhome-style units, located on approximately 45.43 acres in the highly affluent community of Parkland, Florida. The property is one of only two apartment communities in the highly sought-after Parkland school district and is the only one with a Parkland address. The property has seen $9.4 million in capital improvements since 2018, which includes $6.8 million in interior renovations to all 396 units. This well-maintained community with mature landscaping includes two resort-style pools, a clubhouse, 24-hour fitness center, hammock garden, two outdoor kitchens and picturesque walking trails.

The Parkland submarket averaged effective rental increases over 20% between June 2021 and June 2022. Rent growth is projected to increase 6.4% in 2023 and to remain above 5% through 2027.¹

^{*Capital Square has established a special operating cash flow reserve for CS1031 Parkland Apartments, DST, enabling the trust to make an additional monthly distribution equaling 5.00% per annum to beneficial owners for a 24-month period, increased from the historically paid distribution on an annual basis.
Sources: 1. RealPage, 2022.}

Consider the Risks An investment in the Interests involves substantial investment and tax risks, including, without limitation, the following risks:
Past performance is not a guarantee of future results.
The economic success of the Interests will depend upon the results of operations of the Property. Fluctuations in vacancy rates, rent schedules, and operating expenses can adversely affect operating results or render the sale or refinancing of the Property difficult or unattractive.
The Master Tenant’s capitalization is supported solely by the cash flow from the underlying tenant lease. The Sponsor is not under any obligation to contribute capital to the Master Tenant.
No assurance can be given that future cash flow will be sufficient to make the debt service payments on any borrowed funds and also cover capital expenditures or operating expenses.
No assurance can be given that Beneficial Owners of Interests will realize a substantial return (if any) on their investment or that they will not lose their entire investment in the Trust.
There are various risks associated with owning, financing, operating, and leasing commercial properties in Florida.
The Interests are not freely transferable by the Beneficial Owners.
The Interests do not represent a diversified investment.
Beneficial Owners must completely rely on the Master Tenant to collect the rent and operate, manage, lease, and maintain the Property.
The Beneficial Owners have no voting rights with respect to the management or operations of the Trust or in connection with the sale of the property.
There are various conflicts of interest among the Trust, the Sponsor, the Signatory Trustee, and their Affiliates.
The Interests are illiquid.
There are tax risks associated with an investment in the Interests.
There are risks related to competition from properties similar to and near the property.
There may be environmental risks related to the property.
Private Placements are speculative.

*“Tax-Advantaged” refers to any type of investment that is either exempt from taxation, tax-deferred, or that offers other types of tax benefits. Capital Square is a national sponsor of investment opportunities that can provide such benefits via our 1031 exchange and opportunity zone offerings, among others. Securities offered through WealthForge Securities, LLC, the managing brokerdealer for the CS1031 Parkland Apartments, DST offering and member FINRA/ SIPC. Capital Square and WealthForge are not affiliated.

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