Capital Square 1031 Launches DST Offering of Texas Medical Portfolio

CORPUS CHRISTI, Texas, March 19, 2020 /PRNewswire/ — Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings, announced today the launch of CS1031 MOB TX VI, DST, a Regulation D private placement for investors seeking tax deferral under Section 1031 of the Internal Revenue Code and cash investors seeking cash flow and appreciation potential. The offering is comprised of two medical office buildings located in Corpus Christi, Texas. The buildings are leased to Covenant Physician Partners for a base term of 15 years on a triple net basis. “Medical real estate has historically demonstrated to be a recession-resistant investment,” said Louis Rogers founder and chief executive officer. “This is Capital Square’s sixth medical DST investment in Texas for Section 1031 exchange and other investors. Texas is a preferred location for investment due to the high level of growth driving demand for additional medical services and the absence of a state income tax, creating a friendly environment for out-of-state investors.” The portfolio includes: 5721 Esplanade Drive, a 9,228-square-foot, Class A multi-specialty ambulatory surgery center built in 2015 and situated on 1.08 acres of land, and 6002 S. Staples Street, a 24,264-square-foot Class A ophthalmic clinic built in 2018 and situated on 1.501 acres of land. Click to read more at