Capital Square 1031 acquires purpose-built neuro-rehabilitation center near Dallas in all-cash transaction
DALLAS, July 13, 2021 / PRNewswire / – Capital Square 1031, a major sponsor of Delaware Statutory Trust Offerings (DST) for 1,031 exchanges and other accredited investors, today announced the acquisition of a 21,083 square foot medical office building in the Dallas suburb of Garland, Texas. The medical office building was acquired in a fully cash and debt free transaction in the name of CS1031 MOB TX VII, DST, a Reg. D private placement investment offer.
âMedical real estate benefits from multiple economic and demographic trends, including increasing spending and an aging population,â said Louis roger, Founder and CEO of Capital Square. âThis new medical center was specially designed for NeuroRestorative, a leader in acute care, near Dallas, Texas. Many Section 1031 stock market investors don’t need or want debt as part of their replacement property. This all-cash, debt-free DST offering provides Section 1031 stock and cash investors the opportunity to earn stable returns and the potential for capital appreciation, without the mortgage or debt associated with the property. Previous all-cash offers have been extremely well received; we anticipate a very rapid sale of interest in DST. “
Located at 2301 West Campbell Road, the facility was built specifically in 2019 for the specialist use of NeuroRestorative as a post-acute neurorehabilitation facility. Under an absolute net lease with approximately 12.8 years remaining and 2.5% annual rent increase, the tenant is solely responsible for all taxes, insurance, maintenance and repairs.
Present in 25 states, NeuroRestorative is a leading provider of subacute and post-acute rehabilitation services for people with brain, spinal cord and medically complex injuries, illnesses and other conditions. NeuroRestorative offers a continuum of care and rehabilitation options, including specialized services for infants, children, adolescents, the military and veterans. The company is a subsidiary of the MENTOR Network, the leading national provider of home and community health and care services to people with intellectual, developmental, physical or behavioral disabilities and other special needs.
CS1031 MOB TX VII, DST seeks to increase $ 18.834 million in equity from qualified investors and has a minimum investment requirement of $ 25,000.
“This purpose-built medical office building is strategically located at a high traffic intersection within a high growth target market near four trauma hospitals,” said Whitson Huffman, director of strategy and investments. âOccupied by a national healthcare provider under a long-term net lease, this asset is an ideal addition to our growing portfolio of investment properties. “
Since its founding in 2012, Capital Square has acquired 133 real estate assets for more than 3,000 investors looking for quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code. and other investors seeking stable cash flow and capital appreciation.
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 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 four consecutive years. In 2017, 2018 and 2020, the company was also ranked on Richmond BizSense’s list of fastest growing companies. Additionally, Capital Square was listed by Virginia Business in its “Best Places to Work.” Virginia“in 2019 and their” Fantastic 50 “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 vacancies, general market conditions and competition, lack of operating history, risk of interest rate, risk of new offers entering the market and falling rental rates, general risks of owning / operating commercial and multi-family properties, short-term leases associated with multi-family properties, risks financing, potential adverse tax consequences, general economic risks, development risks, prolonged holding periods and a 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 or protect against losses.
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SOURCE Place de la Capitale 1031