Wednesday 29 December 2021

US-based real estate firm Capital Square 1031, a sponsor of Delaware statutory trust offerings for Section 1031 exchange and other accredited investors, has acquired One Riverside, a 280-unit multifamily community in Chattanooga, Tennessee, the firm said.

Completed in 2020, the community was acquired on behalf of CS1031 One Riverside Apartments, DST.

Located at 950 Riverside Drive, the 280-unit community features one- and two-bedroom units situated on 17.7 acres of land.

One Riverside is located approximately two miles from downtown Chattanooga .

Amenities at the gated community include a clubhouse with resident lounges, a gaming area, clubhouse kitchen, business center, coffee bar and meeting rooms.

CS1031 One Riverside Apartments, DST seeks to raise USD 45.34m in equity from accredited investors and has a minimum investment requirement of USD 50,000.

This is Capital Square's fifth acquisition of a multifamily community in Chattanooga.

Since its founding in 2012, Capital Square has acquired 143 real estate assets for over 3,800 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code and other investors seeking stable cash flow and capital appreciation.

Capital Square is a national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges and qualified opportunity zone funds for tax deferral and exclusion.