Texas Active Living Portfolio I
Diversified portfolio in McKinney and Waco, TX · sponsored by Capital Square
Active offeringLatest Form D filed Apr 2, 2026 (opens in a new tab)
Texas Active Living Portfolio I is a DST sponsored by Capital Square that owns a diversified portfolio in McKinney and Waco, TX. Its latest Form D, filed Apr 2, 2026, lists a $39.3 million offering with a $50,000 minimum.
Key facts
- Minimum investment
- $50,000From the Form D
- Offering size
- $39,300,000Equity offered, per the Form D
- Sold so far
- None reported as of Apr 2, 2026Form D, Apr 2, 2026
- Selling commissions
- Form D Item 15; the % is our arithmetic$3,301,200 · 8.4% of offering
- Financing
- All cash. This offering reports no mortgage debt.How it is financed ↓
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
Sales so far
- Latest Form D
- Apr 2, 2026 · 1 filing
No sales reported in a Form D amendment yet. Latest notice Apr 2, 2026.
Weighing this offering for your exchange? A licensed 1031 specialist from our affiliated partner can go through these filings with you.
Ask a 1031 specialist about this recordFree. About: Texas Active Living Portfolio I. Top1031 is not a broker-dealer.Texas Active Living Portfolio I · Waco, TX · Photo: capitalsq.com
Multiple property locations are on record; no single map.
What does the Trust own?
Both communities are single-story cottage rentals for residents aged 55 and older — age-restricted housing, not licensed care. Capital Square identifies them as Emerald Cottages of Stonebridge in McKinney and Emerald Cottages of Waco.2 Intermediary Baker 1031 reports the Trust bought the pair on March 3, 2026 for a $32,225,000 unloaded price.3 Capital Square's March 5, 2026 launch announcement reported both communities 100% occupied.2
- Property address
- 2551 Alma Road, McKinney, Texas; 2412 Marketplace Drive, Waco, Texas
- Property size
- 76 units total (44 in McKinney and 32 in Waco); cottages average 1,350 SF per cottage
How is it financed, and what did it cost to sell?
There is no lender in this structure — no loan maturity, no covenants and no refinancing to manage during the hold.2 An exchanger who must replace debt that was paid off on a relinquished property would not find that replacement inside this Trust and would need to satisfy the requirement elsewhere in the exchange.
Debt
- Financing
- All cash. This offering reports no mortgage debt.
- May convert to a REIT (721)
- Not stated in the public record
Costs and terms from the Form D
- Selling commissions
- $3,301,200 · 8.4% of offering
- Finders’ fees
- $0
- Recipients of sales compensation
- 1 named in the Form D
Show the names
- WealthForge Securities, LLC
- Date of first sale
- Not in the Form D
- Minimum investment
- $50,000
Form D Item 15 amounts may be the issuer’s estimates; the percentage is Top1031’s arithmetic on two Form D figures.
Who's behind the Trust?
Capital Square sponsors the Trust through Capital Square Realty Advisors, LLC and runs a multi-offering 1031 DST platform, with other Trusts raising alongside this one. It announced this offering's launch on March 5, 2026, seeking capital from accredited investors — buyers who meet the SEC's income or net-worth tests.2 Its March 2026 launch release was picked up by trade outlets including AltsWire and Blue Vault Partners.
- Sponsor
- Offerings on record
- 5 active / 29 total
What does the SEC record show?
The paperwork trail is short: a Form D — the brief notice an issuer files for a private placement rather than a registered public offering — with nothing filed after it.4 Because the Trust may be advertised publicly, the sponsor must verify each buyer's accredited status rather than accept a self-certification.
- Legal Trust name
- CS1031 Texas Active Living Portfolio I, DST
- SEC CIK
- 2126714
- First Form D
- Apr 2, 2026
- Latest Form D
- Apr 2, 2026
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Form D filedFirst and latest filing on record.
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.
Common questions
- Is Texas Active Living Portfolio I an active offering?
- Texas Active Living Portfolio I is an Active offering: its latest Form D was filed Apr 2, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
- What did the Trust pay for the two communities, and when did it close?
- Intermediary Baker 1031's offering page reports that the Trust acquired the properties on March 3, 2026 at a $32,225,000 unloaded price. Capital Square's own March 5, 2026 launch announcement describes an all-cash acquisition but names no price or closing date, and no deed or closing record was located in the reviewed material. The Private Placement Memorandum (PPM) — the offering's disclosure document — carries the sources-and-uses table showing price, closing costs, fees and reserves.
- Who collects the rent from residents?
- Not the Trust directly. Intermediary Baker 1031 reports each property is net-leased to an affiliated master tenant — one for McKinney, one for Waco — and that a Capital Square affiliate manages the communities, subcontracting operations to a firm called Carbon Shepherd. The master tenants collect resident rent and pay rent up to the Trust. Legal names, lease terms, how each master tenant is capitalized, and affiliate fees appear in the PPM.
- Is there a mortgage on the properties?
- No. Capital Square describes the acquisition as all-cash with no mortgage debt, so the real estate is owned free and clear, with no lender, no loan covenants and no refinancing deadline during the hold. An exchanger who must replace debt that was paid off on a relinquished property will not find that debt here and would need to satisfy the requirement elsewhere in the exchange.
- What operating history has the sponsor reported?
- In its March 5, 2026 launch announcement, Capital Square reported both communities 100% occupied, with waitlists of 18 prospective residents in McKinney and 12 in Waco, plus trailing-12-month resident retention of 86% in McKinney and 78% in Waco, with zero bad debt and no rental concessions. Those are sponsor-reported figures from launch; nothing later was located, so current reporting is worth requesting directly from the sponsor or your representative.
- What does "active adult" mean for this portfolio?
- Capital Square markets both Emerald Cottages communities as build-for-rent housing for residents aged 55 and older — age-restricted rentals, not licensed care. Nothing in the reviewed material describes healthcare or assisted-living services provided by the Trust. The PPM should state the age restriction, how it is enforced and what services management provides.
In the news
Sources
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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.