{"id":2192,"date":"2023-12-08T00:00:00","date_gmt":"2023-12-08T00:00:00","guid":{"rendered":"https:\/\/capitalsquare1.wpengine.com\/offerings\/lyric-norton-commons-dst\/"},"modified":"2025-12-12T18:59:26","modified_gmt":"2025-12-12T18:59:26","slug":"lyric-norton-commons-dst","status":"publish","type":"location","link":"https:\/\/capitalsq.com\/offerings\/lyric-norton-commons-dst\/","title":{"rendered":"Lyric at Norton Commons, DST"},"content":{"rendered":"<div class=\"wp-block-theme-blocks-carousel theme-block is-style-wider-width appear-on-scroll is-style-hero has-arrows has-captions has-page has-dots\"><div class=\"layout\"><div class=\"block-slides\">\n<figure  class=\"theme-block wp-block-embed is-type-video is-provider-vimeo wp-block-embed-vimeo wp-embed-aspect-16-9 wp-has-aspect-ratio\" ><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Lyric at Norton Commons Apartments | Louisville, KY\" src=\"https:\/\/player.vimeo.com\/video\/749759959?dnt=1&amp;app_id=122963\" width=\"500\" height=\"281\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write\"><\/iframe>\n<\/div><\/figure>\n\n<div class=\"slide \"><div class=\"layout\"><figure  class=\"theme-block  wp-block-image size-large\" ><img loading=\"lazy\" decoding=\"async\" width=\"1300\" height=\"867\" src=\"https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lyric-at-Norton-Commons-Apartments--1300x867.jpg\" alt=\"Street view of Lyric at Norton Commons Apartments\" class=\"wp-image-3205\" srcset=\"https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lyric-at-Norton-Commons-Apartments--1300x867.jpg 1300w, https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lyric-at-Norton-Commons-Apartments--300x200.jpg 300w, https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lyric-at-Norton-Commons-Apartments--768x512.jpg 768w, https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lyric-at-Norton-Commons-Apartments--1536x1025.jpg 1536w, https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lyric-at-Norton-Commons-Apartments--1600x1067.jpg 1600w, https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lyric-at-Norton-Commons-Apartments--1024x683.jpg 1024w, https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lyric-at-Norton-Commons-Apartments-.jpg 2048w\" sizes=\"auto, (max-width: 1300px) 100vw, 1300px\" \/><\/figure><\/div><\/div>\n<\/div><div class=\"block-nav prev\"><span class=\"icon fa-solid fa-angle-left \"><\/span><\/div><div class=\"block-nav next\"><span class=\"icon fa-solid fa-angle-right \"><\/span><\/div><div class=\"block-captions\"><\/div><div class=\"block-page\">#\/#<\/div><div class=\"block-dots\"><\/div><\/div><\/div>\n\n<p class=\"appear-on-scroll\">Lyric at Norton Commons Apartments is a Class A+, mixed-use multifamily community in the Louisville suburb of Prospect, Kentucky, one of the state\u2019s wealthiest cities.<sup>1<\/sup> The sponsor believes Lyric at Norton Commons is among the highest quality residential communities in the nation.<\/p>\n\n<p class=\"appear-on-scroll\">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. <\/p>\n\n\n\n<p class=\"appear-on-scroll\"><sup>*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.<br>\nSource: 1. Louisville Business First, Dec. 3, 2020.<\/sup><\/p>\n\n<div class=\"wp-block-theme-blocks-fine-print appear-on-scroll\">\n<p class=\"appear-on-scroll\">Consider the Risks<br>\nAn investment in the Interests involves substantial investment and tax<br>\nrisks, including, without limitation, the following risks:<\/p>\n\n<p class=\"appear-on-scroll\">\u2022 Past performance is not a guarantee of future results.<\/p>\n\n<p class=\"appear-on-scroll\">\u2022 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.<\/p>\n\n<p class=\"appear-on-scroll\">\u2022 The Master Tenant\u2019s 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.<\/p>\n\n<p class=\"appear-on-scroll\">\u2022 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.<\/p>\n\n<p class=\"appear-on-scroll\">\u2022 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.<\/p>\n\n<p class=\"appear-on-scroll\">\u2022 There are various risks associated with owning, financing, operating, and leasing commercial properties in Kentucky.<\/p>\n\n<p class=\"appear-on-scroll\">\u2022 The Interests are not freely transferable by the Beneficial Owners.<\/p>\n\n<p class=\"appear-on-scroll\">\u2022 The Interests do not represent a diversified investment.<\/p>\n\n<p class=\"appear-on-scroll\">\u2022 Beneficial Owners must completely rely on the Master Tenant to collect the rent and operate, manage, lease, and maintain the Property.<\/p>\n\n<p class=\"appear-on-scroll\">\u2022 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.<\/p>\n\n<p class=\"appear-on-scroll\">\u2022 There are various conflicts of interest among the Trust, the Sponsor, the Signatory Trustee, and their Affiliates.<\/p>\n\n<p class=\"appear-on-scroll\">\u2022 The Interests are illiquid.<\/p>\n\n<p class=\"appear-on-scroll\">\u2022 There are tax risks associated with an investment in the Interests.<\/p>\n\n<p class=\"appear-on-scroll\">\u2022 There are risks related to competition from properties similar to and near the property.<\/p>\n\n<p class=\"appear-on-scroll\">\u2022 There may be environmental risks related to the property.<\/p>\n\n<p class=\"appear-on-scroll\">\u2022 Private Placements are speculative.<\/p>\n\n<p class=\"appear-on-scroll\">*\u201cTax-Advantaged\u201d refers to any type of investment that is either exempt from<br>\ntaxation, tax-deferred, or that offers other types of tax benefits. Capital Square is<br>\na national sponsor of investment opportunities that can provide such benefits via<br>\nour 1031 exchange and opportunity zone offerings, among others.<\/p>\n\n<p class=\"appear-on-scroll\">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.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Lyric at Norton Commons Apartments is a Class A+, mixed-use multifamily community in the Louisville suburb of Prospect, Kentucky, one of the state\u2019s wealthiest cities.<\/p>\n","protected":false},"featured_media":3205,"template":"","meta":{"featured_image_background_position":"","code":"CS1031","address":"11210 Peppermint Street\nProspect KY 40059","city":"Prospect","state":"KY","zip_code":"","details":"","status":"Closed","acquisition-date":"2022-09-01","address-full":"","lat":38.333122,"lng":-85.565577,"footnotes":""},"tags":[],"service":[104,106],"investment":[48],"class_list":["post-2192","location","type-location","status-publish","has-post-thumbnail","hentry","service-invest","service-manage","investment-1031-exchange-dst"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lyric at Norton Commons, DST - 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Raising capital, buildings and expectations","description":"Capital Square is one of the nation\u2019s leading sponsors of tax-advantaged real estate investments and an active developer and manager of multifamily communities","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/capitalsq.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"rendered-html":"<div class=\"clickable excerpt-card location-status-Closed post-2192 location type-location status-publish has-post-thumbnail hentry service-invest service-manage investment-1031-exchange-dst\" id=\"p2192\" data-href=\"https:\/\/capitalsq.com\/offerings\/lyric-norton-commons-dst\/\" data-location-status=\"closed\" data-lat=\"38.333122\" data-lng=\"-85.565577\">\n\n<a href=\"https:\/\/capitalsq.com\/offerings\/lyric-norton-commons-dst\/\" class=\"thumbnail\" aria-labelledby=\"p2192-title\"><img width=\"1024\" height=\"683\" src=\"https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lyric-at-Norton-Commons-Apartments--1024x683.jpg\" class=\"attachment-post-thumb size-post-thumb wp-post-image\" alt=\"Street view of Lyric at Norton Commons Apartments\" style=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lyric-at-Norton-Commons-Apartments--1024x683.jpg 1024w, https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lyric-at-Norton-Commons-Apartments--300x200.jpg 300w, https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lyric-at-Norton-Commons-Apartments--1300x867.jpg 1300w, https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lyric-at-Norton-Commons-Apartments--768x512.jpg 768w, https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lyric-at-Norton-Commons-Apartments--1536x1025.jpg 1536w, https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lyric-at-Norton-Commons-Apartments--1600x1067.jpg 1600w, https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lyric-at-Norton-Commons-Apartments-.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>    <span class=\"location-status closed\">Closed<\/span><\/a>\n\n<h3 class=\"title\" id=\"p2192-title\"><a href=\"https:\/\/capitalsq.com\/offerings\/lyric-norton-commons-dst\/\">Lyric at Norton Commons, DST<\/a><\/h3>\n<div class=\"content\"><p>Lyric at Norton Commons Apartments is a Class A+, mixed-use multifamily community in the Louisville suburb of Prospect, Kentucky, one of the state\u2019s wealthiest cities.<\/p>\n<\/div>\n<div class=\"meta-bottom\">\n    <div class=\"location\"><span class=\"icon fa-solid fa-location-dot \"><\/span>Prospect, KY<\/div>\n    <div class=\"terms type\"><a href=\"https:\/\/capitalsq.com\/investment\/1031-exchange-dst\/?post_type=location\" rel=\"tag\">1031 Exchange &amp; DST<\/a><\/div><\/div>\n\n<\/div>","_links":{"self":[{"href":"https:\/\/capitalsq.com\/wp-json\/wp\/v2\/location\/2192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/capitalsq.com\/wp-json\/wp\/v2\/location"}],"about":[{"href":"https:\/\/capitalsq.com\/wp-json\/wp\/v2\/types\/location"}],"version-history":[{"count":0,"href":"https:\/\/capitalsq.com\/wp-json\/wp\/v2\/location\/2192\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/capitalsq.com\/wp-json\/wp\/v2\/media\/3205"}],"wp:attachment":[{"href":"https:\/\/capitalsq.com\/wp-json\/wp\/v2\/media?parent=2192"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/capitalsq.com\/wp-json\/wp\/v2\/tags?post=2192"},{"taxonomy":"service","embeddable":true,"href":"https:\/\/capitalsq.com\/wp-json\/wp\/v2\/service?post=2192"},{"taxonomy":"investment","embeddable":true,"href":"https:\/\/capitalsq.com\/wp-json\/wp\/v2\/investment?post=2192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}