Capital Square 1031 Acquires Memory Care Community in Houston
May 9, 2019
HOUSTON — Capital Square 1031, a real estate investment and management firm specializing in Delaware statutory trust (DST) offerings, has launched an investment fund for the acquisition of a memory care community in the Kingwood neighborhood of Houston.
The 10,000-square-foot community features 16 beds, and was just delivered in March 2019.
“This memory care facility was purchased in an all-cash transaction, providing DST investors with the opportunity to own real estate without any mortgage debt,” says Louis Rogers, founder and chief executive officer of Capital Square 1031. “The demand for seniors housing is rising at a rapid pace, making this a desirable investment for exchangers seeking stable cash flow. Also, because Texas does not have an income tax, investors in the DST will not pay state income taxes.”
Village Green Alzheimer’s Care Home, a local operator of five memory care communities in metro Houston, operates the property under an absolute net lease. The tenant is responsible for all expenses, including structure, maintenance and repairs.
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- On May 9, 2019