Lakeside on Riverwatch is a 200-unit, garden-style multifamily community located in the Augusta MSA of Georgia. The property was completed in 2000.
<\/p>\n\n
According to Yardi Matrix, there are only two multifamily properties under development in the area: The Premiere with 300 units in Evans, and Heron at River Island with 273 units in Martinez. Both properties are being built by the same local developer in Augusta. Despite significant population growth, few multifamily projects in Columbia County receive zoning approval.
<\/p>\n\n
The seller renovated 190 (95%) of the units. The interior renovations included new black or stainless steel kitchen appliances, resurfaced countertops, faux wood vinyl flooring, kitchen backsplashes and updated lighting fixtures. The seller also renovated the clubhouse and fitness center and added a package delivery room.<\/p>\n\n
\n
Consider the Risks \u2022 An investment in the Interests involves substantial investment and tax
\nrisks, including, without limitation, the following risks:
\n\u2022 Past performance is not a guarantee of future results.
\n\u2022 The economic success of the Interests will depend upon the results of
\noperations of the Property. Fluctuations in vacancy rates, rent schedules,
\nand operating expenses can adversely affect operating results or render
\nthe sale or refinancing of the Property difficult or unattractive.
\n\u2022 The Master Tenant\u2019s capitalization is supported solely by the cash flow
\nfrom the underlying tenant lease. The Sponsor is not under any obligation
\nto contribute capital to the Master Tenant.
\n\u2022 No assurance can be given that future cash flow will be sufficient to make
\nthe debt service payments on any borrowed funds and also cover capital
\nexpenditures or operating expenses.
\n\u2022 No assurance can be given that Beneficial Owners of Interests will realize
\na substantial return (if any) on their investment or that they will not lose
\ntheir entire investment in the Trust.
\n\u2022 There are various risks associated with owning, financing, operating, and
\nleasing commercial properties in Georgia.
\n\u2022 The Interests are not freely transferable by the Beneficial Owners.
\n\u2022 The Interests do not represent a diversified investment.
\n\u2022 Beneficial Owners must completely rely on the Master Tenant to collect
\nthe rent and operate, manage, lease, and maintain the Property.
\n\u2022 The Beneficial Owners have no voting rights with respect to the
\nmanagement or operations of the Trust or in connection with the sale of
\nthe property.
\n\u2022 There are various conflicts of interest among the Trust, the Sponsor, the
\nSignatory Trustee, and their Affiliates.
\n\u2022 The Interests are illiquid.
\n\u2022 There are tax risks associated with an investment in the Interests.
\n\u2022 There are risks related to competition from properties similar to and near
\nthe property.
\n\u2022 There may be environmental risks related to the property.
\n\u2022 Private Placements are speculative.
\n*\u201cTax-Advantaged\u201d refers to any type of investment that is either exempt from
\ntaxation, tax-deferred, or that offers other types of tax benefits. Capital Square is
\na national sponsor of investment opportunities that can provide such benefits via
\nour 1031 exchange and opportunity zone offerings, among others.
\nSecurities offered through WealthForge Securities, LLC, the managing brokerdealer
\nfor the CS1031 Lakeside on Riverwatch Apartments, DST offering and
\nmember FINRA\/SIPC. Capital Square and WealthForge are not affiliated.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"
Lakeside on Riverwatch Apartments is a 200-unit, garden-style multifamily community located in the Augusta MSA of Georgia. The property was completed in 2000.<\/p>\n","protected":false},"featured_media":3202,"template":"","meta":{"featured_image_background_position":"","code":"CS1031","address":"4300 River Watch Parkway\nAugusta MSA GA 30907","city":"Augusta MSA","state":"GA","zip_code":"","details":"","status":"Closed","acquisition-date":"2022-08-10","address-full":"","lat":33.5273347,"lng":-82.1127664,"footnotes":""},"tags":[],"service":[104,106],"investment":[48],"class_list":["post-2195","location","type-location","status-publish","has-post-thumbnail","hentry","service-invest","service-manage","investment-1031-exchange-dst"],"yoast_head":"\n
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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-2195 location type-location status-publish has-post-thumbnail hentry service-invest service-manage investment-1031-exchange-dst\" id=\"p2195\" data-href=\"https:\/\/capitalsq.com\/offerings\/lakeside-on-riverwatch-apartments-dst\/\" data-location-status=\"closed\" data-lat=\"33.5273347\" data-lng=\"-82.1127664\">\n\n<a href=\"https:\/\/capitalsq.com\/offerings\/lakeside-on-riverwatch-apartments-dst\/\" class=\"thumbnail\" aria-labelledby=\"p2195-title\"><img width=\"1024\" height=\"683\" src=\"https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lakeside-on-Riverwatch--1024x683.jpg\" class=\"attachment-post-thumb size-post-thumb wp-post-image\" alt=\"Poolside view of Lakeside on Riverwatch\" style=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lakeside-on-Riverwatch--1024x683.jpg 1024w, https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lakeside-on-Riverwatch--300x200.jpg 300w, https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lakeside-on-Riverwatch--1300x866.jpg 1300w, https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lakeside-on-Riverwatch--768x512.jpg 768w, https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lakeside-on-Riverwatch--1536x1024.jpg 1536w, https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lakeside-on-Riverwatch--1600x1066.jpg 1600w, https:\/\/capitalsq.com\/wp-content\/uploads\/2023\/08\/Lakeside-on-Riverwatch-.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/> <span class=\"location-status closed\">Closed<\/span><\/a>\n\n<h3 class=\"title\" id=\"p2195-title\"><a href=\"https:\/\/capitalsq.com\/offerings\/lakeside-on-riverwatch-apartments-dst\/\">Lakeside on Riverwatch Apartments, DST<\/a><\/h3>\n<div class=\"content\"><p>Lakeside on Riverwatch Apartments is a 200-unit, garden-style multifamily community located in the Augusta MSA of Georgia. The property was completed in 2000.<\/p>\n<\/div>\n<div class=\"meta-bottom\">\n <div class=\"location\"><span class=\"icon fa-solid fa-location-dot \"><\/span>Augusta MSA, GA<\/div>\n <div class=\"terms type\"><a href=\"https:\/\/capitalsq.com\/investment\/1031-exchange-dst\/?post_type=location\" rel=\"tag\">1031 Exchange & DST<\/a><\/div><\/div>\n\n<\/div>","_links":{"self":[{"href":"https:\/\/capitalsq.com\/wp-json\/wp\/v2\/location\/2195","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\/2195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/capitalsq.com\/wp-json\/wp\/v2\/media\/3202"}],"wp:attachment":[{"href":"https:\/\/capitalsq.com\/wp-json\/wp\/v2\/media?parent=2195"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/capitalsq.com\/wp-json\/wp\/v2\/tags?post=2195"},{"taxonomy":"service","embeddable":true,"href":"https:\/\/capitalsq.com\/wp-json\/wp\/v2\/service?post=2195"},{"taxonomy":"investment","embeddable":true,"href":"https:\/\/capitalsq.com\/wp-json\/wp\/v2\/investment?post=2195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}