Capital Square 1031 : Acquires Record-Breaking Five-Star 55+ Manufactured Housing Community in Coastal Florida marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
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ORLANDO, Fla., Dec. 17, 2020 /PRNewswire/ Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for 1031 exchange and other accredited investors, announced today the acquisition of The Falls, a 599-homesite manufactured housing community in Ormond Beach, a principal city within the Deltona-Daytona Beach-Ormond Beach Metropolitan Statistical Area. The property, exclusive to those ages 55 and older, was acquired for CS1031 The Falls MHC, DST, a Reg. D private placement. Capital Square has acquired five four-and five-star, age-restricted manufactured housing communities in coastal Florida markets. This is Capital Square s fifth and largest manufactured housing community ( MHC ) acquisition to date, closing out a record-breaking year despite the COVID pandemic, said Louis Rogers, founder and chief executive officer. Capital Square is bullish on manufactured housing communities in Florida, which are among the most