April 4, 2019
Capital Square 1031, a real estate investment and management firm specializing in Delaware statutory trust offerings, announced that CS1031 Houston Memory Care DST, comprised of a new 10,000-square-foot memory care facility located in the Houston suburb of Spring, Texas, has been fully subscribed by Section 1031 exchange investors.
Constructed in 2018, the Village Green Alzheimer’s Care Home includes 16 private suites and specializes in the care of seniors who have Alzheimer’s, dementia and other memory impairments.
“This memory care facility was purchased all-cash (no debt) for a Delaware statutory trust offering, providing investors with the opportunity to own quality real estate without any mortgage debt,” said Louis Rogers, founder and chief executive officer of Capital Square 1031.
He added, “All cash DST offerings have become very popular with exchangers who do not need debt to complete their 1031 exchanges. Additionally, because Texas does not have an income tax, investors in the DST will not pay any Texas income taxes.”
The facility was constructed with secure exterior doorways, increased space for activities inside and outside the community, as well as a courtyard and independent areas. Additional community amenities include security, a 24-hour staff, wheelchair accessible showers, swimming pool, hot tub and more.
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