Woodland Cottages
Build-for-rent active adult cottages property in Fredericksburg, TX · sponsored by Capital Square
Woodland Cottages is a DST sponsored by Capital Square that owns a build-for-rent active adult cottages property in Fredericksburg, TX (62 units). Its latest Form D, filed Aug 18, 2025, lists a $34 million offering with a $50,000 minimum.
Key facts
- Minimum investment
- $50,000From the Form D
- Offering size
- $34,000,000Equity offered, per the Form D
- Sold so far
- Not reported after the first Form D (Aug 18, 2025)Form D, Aug 18, 2025
- Selling commissions
- Form D Item 15; the % is our arithmetic$2,890,000 · 8.5% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
- 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 →
Can I still invest?
No new interests: the offering is reported fully subscribed.
Other Capital Square offerings on record
- CS1031 Texas Active Living New Braunfels, DSTNew Braunfels, TX · $50,000 minimum · $37,350,000 offeringActive offering · latest Form D Oct 6, 2026
- Colony at Centerpointe ApartmentsMidlothian, VA · $50,000 minimum · $42,950,000 offeringActive offering · latest Form D Jun 24, 2026
- Emerald Cottages of Kerrville + Emerald Cottages Round RockTX · $50,000 minimum · $32,700,000 offeringActive offering · latest Form D Jun 24, 2026
- Cacema TownhomesKissimmee, FL · $50,000 minimum · $41,850,000 offeringActive offering · latest Form D Jun 15, 2026
Availability changes without a filing. The sponsor or a registered representative can confirm what is open.
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Ask a 1031 specialist about this recordFree. About: Woodland Cottages. Top1031 is not a broker-dealer.Woodland Cottages · Fredericksburg, TX · Photo: capitalsq.com
What does Woodland Cottages own?
Capital Square announced on August 6, 2025 that it had acquired the community on behalf of this Trust, describing it as near San Antonio. 2 The mix is 20 one-bedroom and 42 two-bedroom homes. 2 The cottages are ADA-compliant, and residents share a 6,000-square-foot clubhouse.
- Property address
- 161 Friendship Lane, Fredericksburg, TX
- Property size
- 62 units (avg 1,208 SF)
How is it financed, and what did it cost to sell?
Debt
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $2,890,000 · 8.5% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $622,000 · 1.8% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Wealthforge Securities, LLC · CRD 152550
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Not in the Form D
- Minimum investment
- $50,000
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.
Who's behind Woodland Cottages?
Capital Square sponsors Delaware statutory trusts for 1031 exchange buyers as a repeat program, and Capital Square Realty Advisors, LLC is named as the promoter on this Trust's Form D. 1 It announced the acquisition on August 6, 2025. 2 On December 15, 2025 it announced the offering had been fully subscribed at $34 million in equity. 3
- Sponsor
- Offerings on record
What does the SEC record show?
The issuer's launch notice has never been amended, so the SEC file shows the Offering as it stood at the start. 1 It was sold under the Regulation D exemption that permits general advertising, provided the issuer verifies each buyer is accredited, meaning they meet SEC income or net-worth tests.
- Legal Trust name
- CS1031 Texas Active Living I, DST
- SEC CIK
- 2082060
- First Form D
- Aug 18, 2025
- Latest Form D
- Aug 18, 2025
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D | $34,000,000 | $0 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
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
- Can I still invest in Woodland Cottages?
- No new interests: Woodland Cottages is reported fully subscribed. Top1031 lists it as recently fully subscribed and does not count it as an active offering.
- What exactly is Woodland Cottages?
- An active-adult, build-for-rent cottage community at 161 Friendship Lane in Fredericksburg, Texas. Capital Square's August 6, 2025 acquisition release describes 20 one-bedroom and 42 two-bedroom homes in a location it calls near San Antonio. The cottages are ADA-compliant and residents share a 6,000-square-foot clubhouse.
- Who pays the rent here?
- The residents do, because this is rental housing with no single corporate tenant. Capital Square's offering page describes a master tenant that collects rent and operates, manages, leases and maintains the property, an arrangement that keeps the Delaware statutory trust passive. An undated UMoveFree rental listing gives the lease term as 12 months and names Carbon Thompson Multifamily as management.
- Who sponsors the Trust, and what is its legal name?
- Capital Square is the sponsor, and the legal entity is CS1031 Texas Active Living I, DST, a Delaware statutory trust formed in 2025. The August 18, 2025 Form D names Capital Square Realty Advisors, LLC as a promoter of the offering.
- How much equity did the Offering raise?
- Capital Square announced on December 15, 2025 that the offering had been fully subscribed at $34 million in equity, the same total offering amount the issuer reported in its August 18, 2025 Form D. PR Newswire, Cbonds and AltsWire carried versions of that announcement.
- Can this Trust convert into a REIT?
- No. It does not carry a 721 UPREIT conversion, the feature in some DSTs that lets investors exchange their trust interests for units in a REIT's operating partnership instead of taking cash when the property is sold.
- How was the Offering structured for investors?
- It was offered under Rule 506(c), a Regulation D exemption that lets an issuer advertise publicly so long as it verifies that every buyer is an accredited investor, someone who meets SEC income or net-worth tests. The minimum investment stated in the August 18, 2025 Form D was $50,000.
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 offering documents before investing.