Capital Square Completes Sale of Grocery-Anchored DST

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Capital Square, a leading sponsor of tax-advantaged real estate investments and an active developer and manager of housing communities across the nation, announced the successful sale of CSRA Grocery Portfolio I, DST.

The fund included a portfolio of three grocery-anchored shopping centers in North Carolina and South Carolina.

CSRA Grocery Portfolio I included the following assets:

* West Point Village, a 48,246-square-foot shopping center at 433 North Carolina Highway 49 South in Asheboro, N.C.

*College Lakes, a 43,041-square-foot shopping center at 929 McArthur Road in Fayetteville, N.C.

* Kris Krossing, a 49,800-square-foot shopping center at 3320 4th Ave. in Conway, S.C.

All three centers are anchored by Food Lion, a leading supermarket brand serving the Southeastern and Mid-Atlantic U.S.

"Capital Square remains focused on delivering consistent, tax-advantaged returns through smart asset selection and proactive management," said Louis Rogers, founder and co-chief executive officer.

Rogers added, "CSRA Grocery Portfolio I is another example of the strong results our investment and asset management teams achieve through disciplined execution and unwavering commitment to excellence."

"This full-cycle event exemplifies the strength of Capital Square's investment strategy and the enduring appeal of 1031 exchange and DST programs," said Whitson Huffman, co-chief executive officer and chief investment officer of Capital Square.

Huffman added, "By targeting necessity-based retail assets in growing markets, we delivered a 184 percent total return to investors — highlighting the potential of DSTs to generate attractive risk-adjusted returns, defer taxes, and preserve capital. We're proud to once again provide investors with a compelling outcome that reinforces the long-term value of tax-advantaged real estate investments."

Since its founding in 2012, Capital Square has acquired more than 170 real estate assets on behalf of over 6,500 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code, along with others seeking stable cash flow and capital appreciation.

Capital Square's mixed-use development projects total over 2,000 apartment units with a total development value in excess of $800 million, and Capital Square Living, the firm's property management division, now manages over 13,000 apartments across multiple states.

The company has been recognized by Inc. 5000 as one of the fastest growing companies in the nation for eight consecutive years.