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Asheville NC Apartment Portfolio, DST
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1031
Multifamily
Income

The Parent Trust was formed for the purpose of owning 100% of the beneficial interests in the Operating Trusts, which own the Properties. Both Properties are located in close proximity to downtown Asheville, North Carolina. The Skylofts Property was completed in 2013 and the River Mill Lofts Property was constructed in two phases: the first phase, which included Building 100 and the clubhouse building, was completed in 2017, and the second phase, which added Building 200, was completed in 2020.

Key Variables:
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Key Fund Data:
Fund Term: 10 Years
Distribution: 5%
Minimum: $78,764
Rep Comp: 6%
Management Fee: $365,350 Yr.
Exemption: 506 (c)
Assets in Fund: 2
Location: Asheville, NC
Years Built: 2013 & 2017 / 2020 *
Purchase Cap Rate: 4.56% **
Projected IRR: 7.78% ***
Projected Multiple: 1.93X ***

* Years Built: Skylofts property- 2013, River Mill property- 2017 phase 1, 2020 phase 2 ** Purchase Cap Rate 4.56% Average, Unloaded ***Projected IRR & Multiple- Base Case

Fund Reserve: $4,440,030 / 3.6%
DSCR: 2.5X
UBTI: Possible
Audited Financials: Yes
Selling Agreements: 73
Accountant: Kositzka, Wicks
3rd Party DD Report: Mick Law
Legal Counsel: Sands Anderson
Transfer Agent: Internal
E Sub Docs: AIX
Fund Capital Raise:
Fund Fees:
Key Sponsor Data:

In 2012, when our founder and co-CEO, Louis Rogers, partnered with colleagues he respected from prior firms, together, they seized their combined expertise across multiple fields to develop a new “investors-first” business model. Shaped by steadfast integrity and entrepreneurial gumption, Capital Square began as a Section 1031/DST sponsor but has since grown to be a diversified real estate manager, operator and developer.

Experience: 12 Years

Audited Financials: 2 Years

Sponsor Report: Mick Law 

Distributed to Investors: $

Track Record:
Capital Raise:

An investment in the Interests involves substantial investment and tax risks, including, without limitation, the following risks:
• Past performance is not a guarantee of future results.
• The economic success of the Interests will depend upon the results of operations of the Property. Fluctuations in vacancy rates, rent schedules, and operating expenses can adversely affect operating results or render the sale or refinancing of the Property difficult or unattractive.
• The Master Tenant’s capitalization is supported solely by the cash flow from the underlying tenant lease. The Sponsor is not under any obligation to contribute capital to the Master Tenant.
• No assurance can be given that future cash flow will be sufficient to make the debt service payments on any borrowed funds and also cover capital expenditures or operating expenses.
• No assurance can be given that Beneficial Owners of Interests will realize a substantial return (if any) on their investment or that they will not lose their entire investment in the Trust.
• There are various risks associated with owning, financing, operating, and leasing commercial properties in North Carolina.
• The Interests are not freely transferable by the Beneficial Owners.
• The Interests do not represent a diversified investment.
• Beneficial Owners must completely rely on the Master Tenant to collect the rent and operate, manage, lease, and maintain the Property.
• The Beneficial Owners have no voting rights with respect to the
management or operations of the Trust or in connection with the sale of the property.
• There are various conflicts of interest among the Trust, the Sponsor, the Signatory Trustee, and their Affiliates.
• The Interests are illiquid.
• There are tax risks associated with an investment in the Interests.
• There are risks related to competition from properties similar to and near the property.
• There may be environmental risks related to the property.
• Private Placements are speculative.
“Tax-Advantaged” refers to any type of investment that is either exempt from taxation, tax-deferred, or that offers other types of tax benefits. Capital Square is a national sponsor of investment opportunities that can provide such benefits via our 1031 exchange and opportunity zone offerings, among others.


This information was updated as of March 22, 2024.
Securities offered through WealthForge Securities, LLC, the managing brokerdealer
for the CS1031 Asheville NC Apartment Portfolio, DST offering and member
FINRA/SIPC. Capital Square and WealthForge are not affiliated.

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