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| Louis Rogers |
SAN ANTONIO, TX -– Capital
Square 1031 announced its Delaware statutory trust offering, CS1031 Canopy
Apartments, DST, comprised of The Canopy, a 220-unit multi-family community in
the north central submarket of San Antonio, has been fully subscribed by
investors.
CS1031 Canopy Apartments,
DST is the 25th DST the firm has closed since its founding in late 2012.
Approximately 97 percent
leased, The Canopy includes 13 two- and three-story residential buildings, as
well as a clubhouse with fitness and business centers. The community sits on
8.6 acres of land located at 950 Bitters Road East, approximately one-quarter
mile from U.S. Highway 281.
Residents and visitors
also can access The Canopy via Interstates 410, 35 and 10, as well as Texas
State Highway Loop 1604. The property features 272 parking spaces.
The property was acquired in July 2016 with a
fixed interested rate of 3.73 percent for 10 years under the Federal National
Mortgage Associate Delegated Underwriting and Servicing loan program.
“The Canopy is an attractive
multi-family property with an extensive amenity package,” said Louis Rogers, founder and chief
executive officer of Capital Square 1031. “Residents of the community enjoy
convenient access to numerous employment centers, as well as medical, retail,
entertainment and recreational amenities.”
For a
complete copy of the company’s news release, please contact:
Julie Leber
Spotlight Marketing Communications
949.427.5172, ext. 703
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