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Capital Square 1031 Assets Under Management Surpasses $700 Million with Acquisition of 223-Unit Multifamily Community

June 26, 2018

Capital Square 1031, a leading real estate investment and management firm specializing in Delaware statutory trust offerings, announced today its acquisition of Mayton Transfer Lofts, a 223-unit historic multifamily community located in Old Towne Petersburg, just south of Richmond, Virginia. The acquisition brings the company's portfolio of real estate assets under management to approximately $710 million, based on investment cost. “Mayton Transfer Lofts has excellent walkability to numerous amenities, a high occupancy rate, is just 25 minutes south of Richmond, and has convenient access to central Virginia via three major freeways,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. “Each of these attractive qualities contribute to the exceptional performance of the property and make it a strong addition to our nationwide property portfolio, which has grown to more than $700 million in just five years. Being a unique, historic property near our headquarters is the icing on the cake.”

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