By Brian J. Rogal | Milwaukee
April 17, 2013
MILWAUKEE Capital Square Realty Advisors, LLC just announced that they have completed their first Delaware Statutory Trust (DST) investment offering for the Riverwood Corporate Center, a Class A, 112,000-square-foot office building in the Milwaukee suburb of Pewaukee. In February, GlobeSt.com reported on the venture’s founding and the December 2012 purchase of Riverwood.
The Virginia-based firm, led by founder and CEO Louis Rogers, specializes in gathering up high-worth investors who want stability, a high return and limit what they owe in capital gains taxes. Under certain conditions, the IRS allows individuals to shelter money received from selling property if it’s plowed back into real estate through a “1031 exchange.” About two-thirds of Capital Square’s investors have done an exchange while the rest invested cash. The firm then structures the funds into a DST.
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