Emerald Cottages of Stonebridge + Emerald Cottages of Waco
Legal trust name CS1031 Texas Active Living Portfolio I, DST
Talk to a 1031 specialistData updated Apr 2, 2026
Offering size$39.3M
Asset typeMultifamily
LocationMcKinney, TX
FinancingAll cash
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedApr 2, 2026
Last filedApr 2, 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 Stonebridge + Emerald Cottages of Waco is the property identity for CS1031 Texas Active Living Portfolio I, DST, a Capital Square offering that acquired two single-story, active-adult (55+) build-for-rent cottage communities in Texas. The portfolio totals 76 homes: 44 at 2551 Alma Road in McKinney and 32 at 2412 Marketplace Drive in Waco. Capital Square structured the trust as an all-cash, debt-free acquisition, with no mortgage placed at the trust level. As of March 1, 2026, the sponsor reported both communities at 100% occupancy. The issuer filed a Form D on April 2, 2026 noting a $39.3 million offering.
All-cash (0% LTV); 100% occupied both, waitlists 18/12; retention 86%/78% TTM
76 units (44 McKinney + 32 Waco)Based on issuer-filed Form D notices through Apr 2, 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$39,300,000
Investor count reported in latest Form DNot disclosed
Stated minimum investment$50,000
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First filedApr 2, 2026
Latest filingApr 2, 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 identity
CS1031 Texas Active Living Portfolio I, DST is a Capital Square program presented under the property identity Emerald Cottages of Stonebridge + Emerald Cottages of Waco. It comprises two single-story, active-adult (55+) build-for-rent cottage communities in Texas totaling 76 homes: Emerald Cottages of Stonebridge, with 44 homes at 2551 Alma Road, McKinney, and Emerald Cottages of Waco, with 32 homes at 2412 Marketplace Drive, Waco 13.
Reported operations
As of March 1, 2026, Capital Square reported both communities at 100% occupancy, with waitlists of 18 prospects at Stonebridge and 12 at Waco, each holding a $1,000 deposit. Trailing-twelve-month resident retention was reported at 86% at Stonebridge and 78% at Waco, with zero bad debt or concessions at both communities over that period 2.
Capitalization and offering
The trust is structured as an all-cash, debt-free acquisition, with no mortgage debt placed at the trust level 1. The issuer filed a Form D on April 2, 2026 reporting a total offering amount of $39.3 million and zero sold as of that filing date 4.
Sponsor
Capital Square is a vertically integrated national real estate investment firm founded in 2012 2.
In the news
Frequently asked questions
Is Emerald Cottages of Stonebridge + Emerald Cottages of Waco currently active?
Emerald Cottages of Stonebridge + Emerald Cottages of Waco 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 Stonebridge + Emerald Cottages of Waco?
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.