Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced today the successful UPREIT transaction for Saltmeadow Bay Apartments, a Class A, 229-unit.
Glen Allen-based real estate company Capital Square has launched a wholly-owned subsidiary to oversee management of the company's multifamily portfolio, the company announced March 20.
RALEIGH, NC - Capital Square, one of the nation s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the acquisition of Ashford Townes, a 74-unit newly constructed build-for-rent townhome community in the affluent Raleigh suburb of Fuquay-Varina, North Carolina. The community was acquired on behalf of CS1031 Ashford Townes BFR Housing, DST.
Capital Square formed the Private Equity Group managed by experienced real estate.
On Mar.13, the Wall Street Journal reported that a hike in the cost of homeownership and a limited supply of homes has driven the rise of rental properties, with the story noting, “three million U.S. households making over $150,000 are still renting.”