Capital Square 1031 Expands Tennessee Footprint

by multihousingnews.com posted 1month ago 6 views
The 280-unit property is situated in the Hixson submarket of Chattanooga. : Capital Square 1031 has acquired Integra Vistas, a Class A multifamily community located in the Hixson submarket of Chattanooga, Tenn., for $52.7 million. The acquisition is for a Delaware Statutory Trust (DST) offering for 1031 exchange and other accredited investors. Built in 2018, the 280-unit property situated on about 20 acres of land was acquired for CS1031 Integra Vistas Apartments, DST, a Reg. D. private placement. Located at 151 Integra Vistas Drive, the community offers one- through three-bedroom apartments ranging from 766 to 1,278 square feet in size.

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