GLEN ALLEN, VA — Capital Square 1031, a sponsor of Delaware statutory trust offerings, has launched CS1031 Augusta MOB DST, a Regulation D private placement offering comprised of an orthopedic clinic in Augusta, Georgia that was acquired by the DST in an all-cash transaction.
The offering seeks to raise $8.9 million in equity from accredited investors, primarily those seeking 1031 exchange replacement property, and has a $25,000 investment minimum.
“There is unprecedented demand for specialized medical facilities,” said Louis Rogers, founder and chief executive officer of Capital Square. “Because the need for medical services is not correlated to the general economy, medical properties have proven to be recession resistant.”
The facility is comprised of a 30,548 s/f orthopedic clinic which includes 18 exam rooms, a dual X-ray suite, designated waiting areas, a physical therapy center, an MRI suite and space to expand for practice growth.