Capital Square 1031 Buys Neuro-Rehab Facility Near Dallas for DST Offering
Capital Square 1031, a leading sponsor of Delaware statutory trust offerings for 1031 exchange and other accredited investors, has purchased a 21,100-square-foot medical office building in the Dallas suburb of Garland, Texas.
The property was acquired in an all-cash, no debt transaction on behalf of CS1031 MOB TX VII DST, a Regulation D private placement offering that seeks to raise approximately $18.8 million from accredited investors and has a minimum investment of $25,000.
Located at 2301 West Campbell Road, the facility was built in 2019 for NeuroRestorative’s specialized use as a post-acute, neuro-rehabilitation facility. Under the terms of an absolute net lease with approximately 12.8 years remaining and 2.5 percent annual rent increases, the tenant is responsible for all taxes, insurance, maintenance and repairs.
Operating in 25 states, NeuroRestorative is a provider of subacute and post-acute rehabilitation services for people with brain, spinal cord and medically complex injuries, illnesses and other challenges.
“Medical real estate benefits from multiple economic and demographic trends, including increased spending and an aging population…,” said Louis Rogers, founder and chief executive officer of Capital Square.
Capital Square is a national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges and qualified opportunity zone funds for tax deferral and exclusion. Since 2012, Capital Square has completed more than $3 billion in transaction volume. The company’s related entities provide due diligence, acquisition, loan sourcing, property/asset management, and disposition for high-net-worth investors, private equity firms, family offices and institutional investors.
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- On July 16, 2021