July 14, 2020
Capital Square 1031, a sponsor of tax-advantaged Delaware statutory trust offerings, has launched CS1031 Fairlane Harbor MHC DST, a Regulation D private placement offering comprised of Fairlane Harbor Homes, a 55+ age-restricted manufactured housing community in Vero Beach, Florida.
Fairlane Harbor Homes is situated on 40 acres of land and contains 232 homesites. The offering seeks to raise $29 million in equity from accredited investors with a minimum investment of $50,000.
“Fairlane Harbor is currently 97 percent occupied and has upside potential from organic rent growth plus additional rent increases from planned upgrades and improvements,” said Louis Rogers, founder and chief executive office of Capital Square. “It is the only manufactured housing community in the submarket with private docks and boat access.”
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