Although this was a devastating hurricane for many of our Southwest Florida residents, its overall impact appears to have been fairly minimal, and we faired far better than expected. Preparatory work began late last week by boarding up the clubhouse windows and distributing emergency action procedures to residents. Earlier this week, the emergency action team focused on resident evacuations and open-gate locking procedures.
Overall, the damage was limited and interruption to business will be minimal. Debris is being cleaned up, and residents are returning to check on their homes. Streets will be fully cleared early tomorrow morning for the communities that were hit the hardest. As you may know, we have a fully staffed team in Florida that responds to pre and post Tropical Storms and Hurricanes in coordination with our Emergency Action Plan.
Teams were deployed early this morning to each community. After the community damage assessments were completed, efforts were turned to clearing the streets and safely restoring power to each community. Preemptive work, such as boarding up the clubhouses, as shown below, aided us in only having two clubhouse windows broken out of all the communities. Outdoor amenities such as our tikis which the Seminole Indians built with natural cypress and palm materials, came through the hurricane with no damage; not even one tiki was damaged or destroyed.
Founded in 2012, Capital Square is a leader among tax-advantaged real estate investment sponsors with more than $2 billion in equity raised.
An investor-centric firm exclusively focused on tax-advantaged real estate investments, Capital Square places its investors first, starting with stable, resilient investments that are poised to perform in both good and challenging economic environments.
Capital Square employs leading technology to provide an unparalleled ease of doing business backed by an experienced team of real estate investment professionals.
September 29, 2022 RICHMOND, VA – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the acquisition of Tapestry West, a 262-unit Class A multifamily community in Richmond, Virginia. The community was acquired on behalf of CS1031 Tapestry West Apartments, DST. To view the full […]
September 28, 2022 The stock market is down, inflation is at 40-year highs, and interest rates are on the rise. How are rising debt costs impacting the operations of Qualified Opportunity Fund operators? James Brunger, chief sales officer at Capital Square, joins the show to discuss Capital Square’s DST and Opportunity Zone programs, and how […]
September 28, 2022 The stock market is down, inflation is at 40-year highs, and interest rates are on the rise. How are rising debt costs impacting the operations of Qualified Opportunity Fund operators? James Brunger, chief sales officer at Capital Square, joins the show to discuss Capital Square’s DST and Opportunity Zone programs, and how […]
A leader in Delaware statutory trust offerings and qualified opportunity zone funds for Section 1031 exchange and other accredited investors.