Summit Place (Summit Townhomes)
Build-for-rent housing property in Oak Ridge, TN — sponsored by Capital Square
Files with the SEC as CS1031 Summit Place BFR Housing, DST
Minimum investment
$50k
Offering size
$18.4M
How much has sold
None sold yet
Asset type
Build-for-rent housing property
Location
Oak Ridge, TN
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Summit Place (Summit Townhomes) combines the historical SEC filing record with the cited public sources we found for the property and its outcome. Use the chapters below to see what those sources establish, then use the source list to check the underlying materials.
Show sources (3)Hide sources (3)
These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
- Reported location
- Oak Ridge, TN
- Property size
- 120-unit build-for-rent townhome community (3- and 4-bedroom townhomes averaging 1,400+ SF); built by D.R. Horton in 2022; equity raise $18M
How did it end?
No sale or other ending on record
Still operating; the DST was only acquired in January 2024 and fully subscribed in July 2024 (per Capital Square press release), making a full-cycle disposition implausible this early; the 120-unit Summit Townhomes property (100 Lisas Way, Oak Ridge, TN) is still actively listed as an active Capital Square offering with an active leasing website.
Capital Square acquired Summit Townhomes (later marketed as Summit Place BFR Housing DST) on January 3, 2024. Acquired for $33.6M (per PR Newswire). Fully subscribed July 22, 2024. Located in Oak Ridge, TN (Knoxville MSA), near Oak Ridge National Laboratory and Y-12 National Security Complex. SEC Form D filing window Dec 13, 2023.
120-unit build-for-rent townhome community (3- and 4-bedroom townhomes averaging 1,400+ SF); built by D.R. Horton in 2022; equity raise $18MSupporting evidence
Who's behind it?
- Sponsor
- Capital Square
- Legal Trust name
- CS1031 Summit Place BFR Housing, DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 8 active / 28 total offerings from Capital Square
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
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.
Common questions
What happened to Summit Place (Summit Townhomes)?
Top1031 lists Summit Place (Summit Townhomes) as historical. It is no longer raising money.
Where does Top1031 get the data for Summit Place (Summit Townhomes)?
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.
Chapter 7Capital Square Fully Subscribes DST Offering of Build-for-Rent Townhome Community in Knoxville, TennesseeCapital Square announced CS1031 Summit Place BFR Housing, DST was fully subscribed on July 22, 2024. Capital Square Acquires Tennessee Build-for-Rent Townhome Community for DST OfferingCapital Square announced acquisition of the 120-unit Summit Townhomes build-for-rent community in Oak Ridge, TN on behalf of CS1031 Summit Place BFR Housing, DST; $18M equity raise.