ATLANTA, 22 November 2021 / PRNewswire / – Place de la Capitale 1031, one of the main sponsors of Delaware Statutory Trust Offerings (DST) for the Section 1031 Exchange and other Qualified Investors, the $ 45.75 million sale of Fairway View Apartments, a 243 unit multi-family community adjacent to the former Northwood Country Club golf course in Gwinnet County, a suburb of Atlanta, Georgia. The property was owned by a group of DST investors who achieved a total return of 191.72%, or an annualized return of 22.43%, on their investment in exchange for 1031. *
“This is another full-cycle DST offering that has generated outsized returns for Capital Square investors,” said Louis roger, Founder and CEO of Capital Square. “The sale demonstrates Capital Square’s ability to make smart purchases, add value, and, at the optimum time, sell for an exceptional profit. Returns have exploded pro forma in record time.”
Located at 3345 Fairway Oaks Drive in Lawrenceville, the community is made up of 26 two- and three-storey residential buildings, a free-standing pavilion / office, and laundry and maintenance buildings. Fairway View Apartments offers one, two, three and four bedroom units averaging 1,089 square feet. Community amenities at the property include views of the golf course, cafe and tea bar, playground, sports court, swimming pool and grill / picnic area. Additional amenities include a pet walk and treatment stations, an outdoor amenity area, laundry facilities and more.
“We are extremely pleased with this exceptional result for Capital Square investors,” said Mike Waddell, president of Capital Square. “While the pro forma provided for a 10-year hold period, Capital Square maximized value in record time and closed the sale in just over four years.”
Since its inception, Capital Square has sponsored 112 investment offers comprising more than 140 individual properties for more than 4,700 investors across the country. Capital Square took 15 of the full cycle DST offerings, resulting in an average annualized return of 16.25% and an average total return of 175.34%.
About Place de la Capitale
Capital Square is a national real estate company specializing in tax-advantaged real estate investments, including Delaware Statutory trusts for Section 1031 trades and opportunity zone funds qualified for tax deferral and exclusion. Since 2012, Capital Square has achieved more than $ 3.6 billion in volume of transactions. The Capital Square management team has decades of experience in real estate investments. Its founder, Louis roger, has structured hundreds of investment offers totaling more than $ 5 billion. The entities related to Capital Square provide a range of services, including due diligence, acquisition, loan research, property / asset management and divestiture, to a growing number of high net worth investors, private equity, family offices and institutional investors. Since 2017, Capital Square has been recognized by Inc. 5000 as one of the fastest growing companies in the country for five consecutive years. Additionally, in 2021, the company was ranked 101st on Inc. 5000 Washington DC Metro’s list of fastest growing private companies. In 2017, 2018 and 2020, the company was also ranked on Richmond BizSense’s list of fastest growing companies. Capital Square has been listed by Virginia Business in its “Best Places to Work VirginiaIn 2019 and 2021 as well as their “50 Fantastic” reports in 2019 and 2020. To learn more, visit www.CapitalSquare1031.com.
Disclaimer: Securities offered by WealthForge Securities, LLC, member of FINRA / SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are significant risks associated with investing in DST properties and real estate titles, including illiquidity, tenant vacancy, general market conditions and competition, lack of operating history, risk interest rate, the risk of entering the market of a new offer and falling rental rates, the general risks of owning / operating commercial and multi-family properties, short-term leases associated with multi-family properties, financing risks, potential negative tax consequences, general economic risks, development risks, prolonged holding periods and the potential loss of the entire capital of the investment. Past performance is no guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 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 view any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying particular attention to the risk section before investing. Private placements are speculative. Diversification does not guarantee profits and does not protect against losses.
* “Total return” represents the ratio of the total proceeds of sales and distributions over the life of the asset to the total equity initially invested. The “annualized return” is defined as the difference between the net proceeds from the sale and the initial investment, plus distributions over the holding period, divided by the initial investment; divided by the number of months; times 12. ROE and annualized return are net of fees and represent a return to an individual investor. No representation is made that an investment will or is likely to generate profits or losses similar to those made in the past or that losses will not be incurred.
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SOURCE Place de la Capitale 1031