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| Louis Rogers |
RICHMOND, VA – Capital Square Realty Advisors, LLC announced
that its Delaware Statutory Trust investment offering, MOB Portfolio I, DST,
comprised of two medical office buildings in Houston, Texas and Gaffney, S.C.,
has been fully subscribed by investors.
“This portfolio includes two quality medical office
buildings 100 percent net leased on a long-term basis to stable tenants,” said Louis Rogers, founder and chief
executive officer of Capital Square Realty Advisors. “This is Capital Square’s
11th sponsored DST offering to be fully subscribed by investors.
"We are pleased to provide investors with the
many benefits of owning investment-grade real estate in the medical sector
through the DST structure.”
The single-story building located at 9551 Fannin St. in
Houston is 100 percent leased to Mentis Neuro Rehabilitation.
The second property
in the portfolio, 722 Hyatt Street in Gaffney, S.C., is 100 percent leased to
Novant Health and operates Novant Health Family Medicine and Novant Health Bone
& Joint in the building.
Through a sublease to Spartanburg Regional Hospital, the
building also houses Gibbs Cancer Center & Research Institute. Situated on
8.6 acres of land, the building was originally constructed in 1996 and
underwent an expansion and renovation in 2009. In 2011, more than 5,500 square
feet of space underwent further renovation and an additional 3,015 square feet
was added to the building.
For a complete copy
of the company’s news release, please contact:
Julie Leber
Spotlight Marketing Communications
949.427.5172, ext. 703
