PEWAUKEE, WI--Capital Square Realty Advisors LLC said Monday that its Delaware Statutory Trust (DST)offering, Riverwood Corporate Center, has been fully subscribed by investors.
The 112,000-sq.-ft. office building, purchased in December, is the corporate headquarters andcenter for ProHealth Care. Located along Riverwood Drive, the office serves three hospitals, 17 clinics and 11 other facilities through a network of nearly 1,000 physicians and 5,000 employees.
“Riverwood is the first of what we expect to be many DST programs launched by Capital Square Realty Advisors and fully subscribed by our investors,” said Louis Rogers, founder and CEO of Capital Square, in a statement. “There is significant and growing demand for high quality investment programs, particularly among aging baby boomers seeking to defer capital gains taxes while continuing to benefit from the income derived from professionally managed commercial real estate programs.”
His firm specializes in the creation and management of commercial real estate investment programs for Section 1031 tax-deferred exchange investors and cash (non-1031) investors. The company uses the DST structure to syndicate properties in smaller units for acquisition by qualified, high net worth investors.