Riverwood Corporate Center, Pewaukee, WI
MILWAUKEE, WI (April 15, 2013) – Capital Square Realty
Advisors, LLC announced today that their first Delaware Statutory Trust (DST)
investment offering, Riverwood Corporate Center, a Class A, 112,000-square-foot
office building in the Milwaukee suburb of Pewaukee, Wis., has been fully
subscribed by investors. The property was purchased in December 2012.
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| Louis J. Rogers |
Capital Square provides institutional quality real estate
investments for high net worth investors seeking replacement property for
Section 1031 exchanges and regular cash investments. The company uses the DST
structure to syndicate properties in smaller units for acquisition by
qualified, high net worth investors.
“Riverwood Corporate Center is a mission critical,
institutional quality building that is 100 percent leased by ProHealth Care
Inc., a regional healthcare provider highly rated by both Moody’s and Standard
& Poor’s, on a long-term, triple net basis,” said Louis Rogers,
founder and chief executive officer of Capital Square.
“In searching for
replacement properties for our investors, we look for attributes such as these,
with the goal of providing high quality investments with the potential for
meaningful returns.”
Located at N17 W24100 Riverwood Drive, Riverwood Corporate
Center is a four-story Class A building constructed as a build-to-suit for
ProHealth Care’s corporate headquarters and mission critical 24-hour data
center.
The office serves three hospitals, 17 clinics and 11 other facilities
through a network of nearly 1,000 physicians and 5,000 employees.
“Riverwood is the first of what we expect to be many DST
programs launched by Capital Square Realty Advisors and fully subscribed by our
investors,” said Rogers.
“There is significant and growing demand for high quality
investment programs, particularly among aging baby boomers seeking to defer
capital gains taxes while continuing to benefit from the income derived from
professionally managed commercial real estate programs.”
For a complete copy
of the company’s news release, please contact:
Jill Swartz
Spotlight Marketing Communications
949.427.5172, ext. 701 – office
949.485.1552 – cell
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