By Brian J. Rogal | National
March 31, 2015
RICHMOND, VA—Last summer, an affiliate of Square Realty Advisors, LLC acquired a portfolio of three manufactured housing parks totaling 1,141 rentable lots in Indiana and Ohio. And company officials now say that its Delaware Statutory Trust offering has been fully subscribed by investors. Capital Square specializes in structuring programs for 1031 investors.
“Manufactured housing is a unique asset class with significant barriers to entry,” says Louis Rogers, founder and chief executive officer of Capital Square. “With low operating costs, strong demand from tenants and minimal rollover, manufactured housing is an attractive asset class that has the potential to provide superior risk adjusted returns for investors, with both stable cash flow and capital appreciation.”
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- On March 31, 2015