1031 Exchange & DST Archives - Capital Square - Raising capital, buildings and expectations

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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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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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.

The post Texas Active Living I, DST appeared first on Capital Square - Raising capital, buildings and expectations.

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.

The post Valley Ridge BFR Housing, DST appeared first on Capital Square - Raising capital, buildings and expectations.

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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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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Tapestry West Apartments, DST

Erik Pitzer — Fri, 15 Dec 2023 00:00:00 +0000

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Tapestry West Apartments is a 262-unit Class A multifamily apartment community located in the City of Richmond, Virginia.

Construction was completed in 2022. Units consist of spacious floor plans with top-of-the-line finishes, including in-unit washers and dryers, private patios or balconies, stainless steel appliances and walk-in closets.

Projected annual rent growth of 5.58% over next five years and 4.70% over next 10 years.¹ Highly amenitized community with 24-hour state-of-the-art fitness center, resort-style swimming pool, resident lounge and business center.

Building the Future of Richmond

Capital Square offers tax-advantaged investment opportunities in strategic areas throughout the Greater Richmond Region and Central Virginia. We invest and develop in gateway, secondary and tertiary markets, sponsoring investments with potential returns designed to satisfy investors’ specific goals.

^{*Capital Square has established a special operating cash flow reserve for CS1031 Tapestry West 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.

Source: 1. Yardi (within the property’s submarket)}

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 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.

*“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 Tapestry West Apartments, DST offering and member FINRA/SIPC. Capital Square and WealthForge are not affiliated.

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Lyric at Norton Commons, DST

Erik Pitzer — Fri, 08 Dec 2023 00:00:00 +0000

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Lyric at Norton Commons Apartments is a Class A+, mixed-use multifamily community in the Louisville suburb of Prospect, Kentucky, one of the state’s wealthiest cities.¹ The sponsor believes Lyric at Norton Commons is among the highest quality residential communities in the nation.

Spacious floor plans feature top-of-the-line finishes, including stainless-steel GE appliances, quartz countertops, in-unit washers and dryers, large walk-in closets and either private patios or balconies. Lyric is comprised of 273 residential units and 12,191 square feet of retail space. The property is highly amenitized with a 24-hour state-of-the-art fitness center, resort-style heated saltwater swimming pool with poolside cabanas, resident lounge with a complimentary gourmet coffee bar and business center, pet spa, indoor meditation space, movie room with stadium seating and multiple outdoor courtyards with lawn games and grills.

^{*Capital Square has established a special operating cash flow reserve for CS1031 Lyric at Norton Commons 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.

Source: 1. Louisville Business First, Dec. 3, 2020.}

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 Kentucky.

• 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 brokerdealer for the CS1031 Lyric at Norton Commons Apartments, DST offering and member FINRA/SIPC. Capital Square and WealthForge are not affiliated.

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Summit Place BFR Housing, DST

Erik Pitzer — Thu, 16 Nov 2023 19:34:41 +0000

Summit Townhomes is a new 120-unit build-for-rent community in Oak Ridge, Tennessee (Knoxville MSA) with a mix of three- and four-bedroom townhomes boasting high-end finishes, private backyards and attached garages.

D.R. Horton, the nation’s largest homebuilder by volume, built the community in 2022. The modern units boast open floor plans – averaging 1,439 square feet – with marble countertops, stainless steel appliances, full-size washer/dryers, walk-in closets, smart home integration and extra storage space. Capital Square’s basis at $270,000 per unit ($188 per square foot) represents a compelling discount relative to our average comp set of $350,000 per unit. Resident demographics include a median household income of more than $96,000 (vs. $58,296 in the submarket; a rent-to-income rate of 26%) and 100% collections to date.¹

Source: 1. Yardi, 2023.

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

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 leases. 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.
• The Interests are not freely transferable by the Beneficial Owners.
• There are various risks associated with owning, financing, operating and leasing residential real estate in Oak Ridge, Tennessee.
• 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.

The post Summit Place BFR Housing, DST appeared first on Capital Square - Raising capital, buildings and expectations.

Aspen Vista BFR Housing, DST

Erik Pitzer — Thu, 25 May 2023 00:00:00 +0000

Aspen Vista is a new 102-unit build-for-rent community in Reno, Nevada with a mix of three- and four-bedroom homes. These detached single-family homes boast high-end finishes, backyards and attached two-car garages.

D.R. Horton, the nation’s largest homebuilder (by volume), finished construction of the community in 2022. Units boast an average of 1,689 square feet with open floorplans, granite countertops, stainless steel appliances, full size washer/dryers, walk-in closets, smart home integration and extra storage. Capital Square’s cost basis at $382,000/unit ($226 PSF) represents a compelling discount relative to the 2022 median home price in Reno of $556,000. There is a $1,200 premium to own vs. rent in Reno today.¹

Source: 1. John Burns, 2023.

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 Nevada.
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 Aspen Vista BFR Housing, DST offering and member FINRA/ SIPC. Capital Square and WealthForge are not affiliated.

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