Cacema Townhomes

Top1031 lists Cacema Townhomes as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.

Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

One build-for-rent townhome community, Cacéma Townhomes, at 2670 Meadow Creek Road in Kissimmee, Osceola County, Florida, inside the greater Orlando market. Baker 1031 describes a 176-unit community of three- and four-bedroom townhomes with attached garages on approximately 18.480 acres, comprising 39 residential buildings, a clubhouse, a maintenance building and 496 parking spaces.[2] JLL reports the community was completed in 2024 and that the sale from Epoch Residential to Capital Square, LLC closed on May 26, 2026.[1]

Because sponsor-side and county-record accounts differ. Baker 1031's offering page reports that the Trust acquired the property on May 19, 2026 for $65,200,000, within a total investment cost of $75,255,000 that includes $33,405,000 of debt.[2] Multi-Housing News reported a $56.2 million purchase price, citing Osceola County public resources.[3] Research did not retrieve the recorded deed itself, so the gap is unresolved here. The Private Placement Memorandum (PPM) — the offering's full legal disclosure document — states the price and the spread between purchase price and total investment cost.

Both, in a sense. Residents rent individual townhomes, but Baker 1031 describes a master-leased structure in which the Trust leases the whole community to an affiliated master tenant responsible for collecting rent and operating, leasing and maintaining the property, with sponsor affiliate Capital Square Living handling day-to-day operations.[2] Capital Square's offering page notes that beneficial owners must rely on that master tenant and that the sponsor is not obligated to contribute capital to it.[6] No executed lease terms or the master tenant's legal name were located in public sources; the master lease itself is the governing document.

With mortgage debt rather than all cash. Baker 1031 reports a $33,405,000 nonrecourse Freddie Mac Optigo loan arranged through Walker & Dunlop, fixed-rate, interest-only for eight years and then amortizing on a 30-year schedule, with an initial maturity of June 1, 2036.[2] Nonrecourse means the lender's remedy runs to the property, not to investors personally. Those are sponsor- and distributor-reported terms; the loan documents and the PPM control.

Baker 1031 reports the community was approximately 87% occupied as of May 8, 2026, with in-place contract rent of $2,721 per unit on that date, and identifies initial lease-up as ongoing.[2] Those are dated snapshots of a community completed in 2024, not a stabilized operating history. The sponsor also publishes a stabilized occupancy assumption, which is an underwriting projection rather than a reported result and is not restated here.

Apparently yes. The Trust has one filing on record, a Form D new notice dated June 15, 2026, which reported a $50,000 minimum investment and no first sale as of that date; the sales figures on this page come from that filing and are only as current as it is.[4] Separately, third-party distributor Baker 1031 showed the offering as Available with $34,427,462 of equity available, or 82.3% of total equity, on a page last updated August 11, 2026.[2] That is a third-party figure, not an SEC filing; for today's availability, ask the sponsor or your broker-dealer.