Capital Square completed a Section 721 UPREIT roll of CS1031 Old Towne Loft Apartments, DST, on January 8, 2025, contributing the trust's sole asset, Mayton Transfer Lofts in Old Towne Petersburg, Virginia, to Capital Square Housing Trust, a REIT the same sponsor manages (AltsWire).
The offering opened as a 506(c) program. Its first Form D, filed July 10, 2018, set an equity ceiling of $10.809 million and a $25,000 minimum investment (SEC). At the roll, the property carried a value of $27.25 million, as reported by the sponsor (AltsWire).
The trust's investors realized a total return of more than 152%, as reported by the sponsor (AltsWire). The sponsor did not state an annualized return or an equity multiple. From the July 2018 filing to the January 2025 roll, the hold ran about six and a half years.
By Top1031's count, the roll is the 52nd full-cycle outcome in Capital Square's DST record.