Emerald Cottages of Kerrville + Emerald Cottages Round Rock
Legal trust name CS1031 Texas Active Living Portfolio II DST
Talk to a 1031 specialistData updated Jun 24, 2026
Offering size$32.7M
Asset typeMultifamily
LocationKerrville, TX
FinancingAll cash
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedJun 24, 2026
Last filedJun 24, 2026
Minimum$50k
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Emerald Cottages of Kerrville and Emerald Cottages Round Rock together form CS1031 Texas Active Living Portfolio II, DST, a debt-free, all-cash Delaware statutory trust sponsored by Capital Square. The portfolio holds 64 single-story, ADA-accessible cottage units split evenly between two boutique 55+ active-adult communities in Kerrville and Round Rock, Texas. At the June 2026 launch, both communities were reported 100% occupied with prospect waitlists and zero bad debt. The trust is marketed under Regulation D Rule 506(c), with each property leased to a Capital Square-affiliated master tenant and managed by the sponsor's in-house division, Capital Square Living.
All-cash (0% LTV); 100% occupied both, waitlists 10+ each; retention 91%/81% TTM
64 units (32 Kerrville + 32 Round Rock)Based on issuer-filed Form D notices through Jun 24, 2026. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount0.0%Current Form D data does not support a reliable raise-progress estimate.
Not enough filing history for a trend line.
Capital sold, per latest Form D—
Remaining amount reported in latest Form D$32,700,000
Investor count reported in latest Form DNot disclosed
Stated minimum investment$50,000
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First filedJun 24, 2026
Latest filingJun 24, 2026
Filings tracked1
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering profile
SEC filings + cited sources
Portfolio and property
CS1031 Texas Active Living Portfolio II, DST holds two 55+ active-adult cottage communities in Texas. As reported at the June 11, 2026 launch, Emerald Cottages of Kerrville, at 1501 Bandera Highway, Kerrville, comprises 32 single-story, ADA-accessible cottages that were 100% occupied with a 10-plus prospect waitlist backed by $1,000 deposits, 91% trailing-twelve-month resident retention, no concessions, and zero bad debt. Emerald Cottages Round Rock, at 4099 Teravista Club Drive, Round Rock, comprises 32 comparable cottages that were 100% occupied with a similar waitlist, 81% trailing-twelve-month retention, no concessions, and zero bad debt. 1 The combined 64-unit portfolio is structured debt-free on an all-cash basis and marketed under Regulation D Rule 506(c). 2
Lease and management
Each property is leased to a separate single-purpose, Capital Square-affiliated master tenant under its own master lease. 1 On-site operations are handled by Capital Square Living, the sponsor's in-house property management division, which reports operating in 23 markets across 34 cities in eight states and managing more than 50 communities. 3
Sponsor
The sponsor is Capital Square, a vertically integrated national real estate firm headquartered in Glen Allen, Virginia, that specializes in DST/1031, Opportunity Zone, REIT, and multifamily development programs. The firm reports transacting on more than 175 assets for over 6,500 investors, with approximately $8.9 billion in transaction volume since 2012. 4
Capitalization
An issuer Form D filed June 24, 2026 reported a total offering amount of $32,700,000 with none sold as of that date. 5
In the news
Frequently asked questions
Is Emerald Cottages of Kerrville + Emerald Cottages Round Rock currently active?
Emerald Cottages of Kerrville + Emerald Cottages Round Rock is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for Emerald Cottages of Kerrville + Emerald Cottages Round Rock?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.