Capital Square
DST sponsorfirst SEC filing 2013capitalsq.com
Counted by Top1031 from SEC Form D filings · updated Oct 16, 2026 · Record Card evaluated Oct 12, 2026
36 completed sales; 3 losses or impairments; 39 counted Programs. 2 losses or impairments within three years.
Capital Square has sponsored 135 Delaware Statutory Trust (DST) programs found in SEC Form D filings since 2013, most often multifamily properties. Today its SEC filings show five active offerings; the newest was first filed on Oct 6, 2026. Four more are recently fully subscribed.
Capital Square DST offerings (5 active)
Active means an SEC filing in the last 15 months and not reported fully subscribed. It does not confirm you can still invest. 4 recently fully subscribed offerings are listed last, marked Sold out, and not counted as active.
Ask a specialist about these offeringsShow all 9 offeringsShow fewer
Capital Square Record Card
Capital Square
36 completed sales; 3 losses or impairments; 39 counted Programs. 2 losses or impairments within three years.
Completed sales 36Losses or impairments 3Counted Programs 39
Of 135 Programs, 39 count toward the Grade: 36 completed sales and 3 losses or impairments. The lines below describe all Programs, including those outside the Grade count.
- Programs found in SEC fundraising filings (Form D)
- 135
- Share of programs over 3 years old whose status we confirmed
- 59%
How does Capital Square build its deals?
From 3 of Capital Square’s offering documents (May 2026–Jun 2026). These are the sponsor's own tables, not the Record Card's counts above.
- How complete is the track record in its offering documents?
- Full record, losses included
- How often did past exits return less than investors put in?
- 5–15% of the 10–49 exits in its tables
As reported by the sponsor.
- How many current programs pay less than the sponsor projected?
- 20–40% of the 50+ programs in its tables
As reported by the sponsor.
- Can its affiliate buy investors out?
- Yes, in all 3 offerings reviewed
- Does its own master tenant pay the rent?
- Yes, in all 3 offerings reviewed
- Can investors remove the manager?
- No, in all 3 offerings reviewed
About Capital Square
Capital Square, founded in 2012, sponsors Section 1031 exchange programs structured as Delaware statutory trusts, and DSTs remain the foundation of a platform that has since expanded into real estate management, operations and development. Top1031's sponsor record tracks 135 Capital Square DST programs filed under the CSRA and CS1031 names, with first filing years from 2013 through 2026, and completed dispositions spanning medical office, retail, multifamily, manufactured housing and fitness properties. On July 16, 2026, the sponsor reported its 47th full-cycle DST program, the $115 million sale of 2000 West Creek Apartments, at a 137% total return to investors.
Sponsor-stated figures are as reported by the sponsor.Sources: capitalsq.com · Web page · Undated · capitalsq.com · Web page · Undated · Top1031 sponsor record · go.marketing.capitalsq.com · PDF document · 2023 · capitalsq.com · Web page · 2026 · capitalsq.com · Web page · 2025 · +8 more
Completed program record
On July 16, 2026, Capital Square reported completing its 47th full-cycle DST program through the $115 million sale of 2000 West Creek Apartments, citing a 137% total return to investors and a reported average total return of 154.70% across those 47 programs since 2018 5. In August 2025 the sponsor reported the sale of CSRA Grocery Portfolio I, DST — three grocery-anchored shopping centers in North Carolina and South Carolina held about ten years — for $15.075 million at a reported total return of roughly 184% 6. Its October 2024 sale of Bellemeade Farms Apartments, a 316-unit Virginia multifamily property held about 5.6 years, was reported at $83.9 million with a 136.42% total return and 6.47% annualized return 7. Earlier brochure entries include CSRA MHC Portfolio I, DST, three manufactured housing communities in Indiana and Ohio sold in November 2018 for $25.8 million at a reported 148.12% total return, and CSRA NY MOB, DST, a Merrick, New York medical office building sold in June 2019 for $10.5 million 4. Not every program produced a gain: Top1031's validated outcome record for CSRA 2700 S. Las Vegas, DST shows a foreclosure exit dated April 1, 2025 after a hold of about 11 years, with a recorded total return of 28.89% 8.
Platform activity, 2025–2026
Capital Square reported fully subscribing six DST programs during 2025 and taking an additional 10 offerings full cycle in the same year 9. On October 1, 2025, it reported a $57.5 million UPREIT transaction in which holders of more than 62% of beneficial ownership, representing 59 investors, contributed their DST interests to the operating partnership of the Capital Square Housing Trust REIT 10. On March 11, 2026, the firm reported fully capitalizing three DST offerings with total investment cost of $396 million: CS1031 Parkland Apartments, CS1031 Tapestry West Apartments and CS1031 Lyric at Norton Commons Apartments 11. It launched CS1031 Texas Active Living Portfolio II, DST, an all-cash offering for two Texas active-adult communities, on June 11, 2026 12; reported CS1031 Richmond Active Living Apartments, DST fully subscribed on July 13, 2026 with equity from 108 investors for a 165-unit Class A age-restricted community in Richmond, Virginia 13; and announced CS1031 Colony at Centerpointe Apartments, DST, a $42.95 million equity offering for a 255-unit Class A- garden-style community in Midlothian, Virginia, on August 3, 2026 14.
Show sources (14)Hide sources (14)
- capitalsq.com · Web page · Undated ↗ Sponsor disclosure
- capitalsq.com · Web page · Undated ↗ Sponsor disclosure
- Top1031 sponsor record ↗
- go.marketing.capitalsq.com · PDF document · 2023 ↗ Sponsor disclosure
- capitalsq.com · Web page · 2026 ↗ Sponsor disclosure
- capitalsq.com · Web page · 2025 ↗ Sponsor disclosure
- capitalsq.com · Web page · 2024 ↗ Sponsor disclosure
- capitalsq.com · Web page · 2025 ↗
- capitalsq.com · Web page · 2026 ↗ Sponsor disclosure
- capitalsq.com · Web page · 2025 ↗ Sponsor disclosure
- capitalsq.com · Web page · 2026 ↗ Sponsor disclosure
- capitalsq.com · Web page · 2026 ↗ Sponsor disclosure
- capitalsq.com · Web page · 2026 ↗ Sponsor disclosure
- capitalsq.com · Web page · 2026 ↗ Sponsor disclosure
Capital Square track record (135 programs)
Every program found in SEC Form D filings. Programs with a reported result are listed first, then the rest by first filing year. Each row links to its SEC filings.
Show all 135 programsShow fewer
Capital Square news
More Capital Square coverage (40)
CSRA Perry Place DST sold
Top1031
Sales report on Everleigh Short Pump →
CSRA 2700 S. Las Vegas DST distress record in April 2025
Event: Apr 2025 · Top1031
CS1031 Old Towne Loft Apartments DST completed a 721 exchange in January 2025
Event: Jan 2025 · Top1031
CSRA Richmond Golf Retail DST sold in July 2024
Event: Jul 2024 · Top1031
CSRA Komar Desert Center DST sold in January 2024
Event: Jan 2024 · Top1031
CS1031 Richmond VA Apartments DST sold in December 2023
Event: Dec 2023 · Top1031
Csra NC MOB DST sold in November 2023
Event: Nov 2023 · Top1031
CSRA Winchester MOB DST sold in October 2023
Event: Oct 2023 · Top1031
CS1031 Ashland MOB DST sold in October 2023
Event: Oct 2023 · Top1031
CS1031 Kinston MOB DST sold in October 2023
Event: Oct 2023 · Top1031
CS1031 Saltmeadow Bay Apartments DST completed a 721 exchange in March 2023
Event: Mar 2023 · Top1031
CS1031 Woodshire Apartments DST sold in December 2022
Event: Dec 2022 · Top1031
CS1031 Ivy Commons Apartments DST sold in September 2022
Event: Sep 2022 · Top1031
CS1031 Canopy Apartments DST sold in February 2022
Event: Feb 2022 · Top1031
CS1031 Fairway View Apartments DST sold in October 2021
Event: Oct 2021 · Top1031
CS1031/Kay Alexander Pointe Apartments DST sold in September 2021
Event: Sep 2021 · Top1031
CSRA Riverwood Corporate Center DST sold in June 2021
Event: Jun 2021 · Top1031
CS1031/Kay Maple Springs Apartments DST sold in April 2021
Event: Apr 2021 · Top1031
CSRA Candleglow Apartments DST sold in September 2020
Event: Sep 2020 · Top1031
Csra NY MOB DST sold in June 2019
Event: Jun 2019 · Top1031
CSRA 1530 W. Covina DST sold in June 2019
Event: Jun 2019 · Top1031
CSRA Ashford Club Apartments DST sold in June 2019
Event: Jun 2019 · Top1031
CS1031 Crossroads Apartments DST sold in January 2019
Event: Jan 2019 · Top1031
CSRA Bridgeview Apartments DST sold in July 2018
Event: Jul 2018 · Top1031
CS1031 Tampa Pharma DST sold in March 2018
Event: Mar 2018 · Top1031
Questions about Capital Square DSTs
- Does Capital Square have DST offerings available now?
- Capital Square’s SEC filings show five active DST offerings, with stated offering sizes from $32.7M to $43.0M. Active means an SEC filing in the last 15 months and not reported fully subscribed. It does not confirm you can still invest. The newest was first filed on Oct 6, 2026. Four more are recently fully subscribed and not counted as active.
- How many DST programs has Capital Square sponsored?
- Top1031 found 135 Capital Square programs in SEC Form D filings. The first was filed in 2013. Each is listed in the track record on this page with a link to its SEC filings.
- What kind of property does Capital Square put in its DSTs?
- Of the 60 Capital Square offering records on Top1031, 23 are multifamily, one healthcare and one office.
- What is the minimum investment for Capital Square DSTs?
- Each of its active offerings with a stated minimum lists $50,000, as shown on each offering’s page.
- What results has Capital Square published for its DSTs?
- On its Record Card, 42 of its 135 programs sold with a result reported by the sponsor. Another one sold without a result reported by the sponsor, three sold by the sponsor’s account but not yet verified and seven moved into a REIT instead of being sold. Sponsor-stated figures are as reported by the sponsor; Top1031 does not compute or estimate returns.
- How do I ask about Capital Square offerings?
- Use the “Ask a specialist about these offerings” button at the top of Capital Square’s offerings list on this page. Top1031 is not a broker-dealer or investment adviser and does not provide tax, legal, or investment advice.
Answers are generated from the counts on this page and change when the record changes.
Other multifamily DST sponsors
What can I do next?
Use the record as a starting point. Compare the current offerings or save them to your Watchlist.


