prnewswire | August 02, 2020
The Mid Atlantic Real Estate Journal has named Jared Cobert, Managing Partner of Diligence Capital Advisors, as a Top 40 under 40 in the Real Estate Industry. The Mid Atlantic Real Estate Journal has named Jared Cobert, Managing Partner of Diligence Capital Advisors as a Top 40 under 40 in the Real Estate Industry. The Mid Atlantic Real Estate Journal has consistently been voted as the Most Comprehensive Source for Commercial Real Estate News in the Mid Atlantic Region (New Jersey, Pennsylvania, Delaware, Maryland, Virginia and DC). The Mid Atlantic Real Estate Journal's Top 40 under 40 is an award given out to the Real Estate Industry's Top 40 performers under the age of 40.
REAL ESTATE INVESTMENT
Capital Square | January 21, 2022
Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for Section 1031 exchange and other accredited investors, announced today the acquisition of a Class A, 237-unit multifamily community in Olathe, a city within the Kansas City metropolitan area. The community was acquired on behalf of CS1031 Villas at Ridgeview Falls Apartments, DST.
Villas at Ridgeview Falls is the next in the line of highly-amenitized, newly constructed, Class A apartment communities acquired by Capital Square for the 1031/DST program, Capital Square was drawn to the location of this property – Olathe, the seat of Johnson County, 20 miles southwest of Kansas City, where the economy is strong, with 4.4% job growth and a 3.5% unemployment rate as of September 2021.1 The property should provide investors with stable income during the holding period and exceptional appreciation potential."
Louis Rogers founder and chief executive officer of Capital Square.
Located at 11835 S. Fellows St., the community is located in the southwest corner of the Kansas City, MO-KS Metropolitan Statistical Area. The property's location near major highways and interstates provides residents with convenient access to Kansas City employment centers. Additionally, Villas at Ridgeview Falls is located within walking distance of many convenience and grocery stores, as well as dining options.
Completed in 2020, the community offers spacious one- and two-bedroom units with top-of-the-line finishes and an average square footage of 1,046 square feet.
Amenities at the community include a resort-style saltwater pool, an in-pool tanning deck, a poolside television and lounge, poolside pergola, lounge area with a fireplace, rooftop retreat, golf green, yoga area, walking trail with outdoor fitness equipment and 24-hour fitness center with a yoga studio. Additional amenities include an indoor mail room, a media room, gourmet coffee and tea bar, cybercafé, social lounge, guest suite, garages and carports as well as a pet spa.
CS1031 Villas at Ridgeview Falls Apartments, DST seeks to raise $35.2 million in equity from accredited investors and has a minimum investment requirement of $50,000.
The proximity to grocery stores and dining options, as well as Kansas City employment centers, coupled with its top-of-the-line features, make this community an ideal investment property for our growing portfolio of multifamily properties, The submarket has ideal fundamentals that match exceptionally well with Capital Square's multifamily acquisition criteria. For example, the population within a five-mile radius of the property is projected to increase 4.4% in five years and the average annual rent growth in the submarket is projected to grow 3.78% from 2021 to 2026."
Whitson Huffman, chief strategy and investment officer.
Capital Square acquired the property from J.A. Murphy Group, which was represented by Colliers' Will Mathews.
It's an honor to represent our friends and clients at J.A. Murphy Group on a landmark sale in fast-growing Olathe, Kansas, Congratulations and many thanks to the buyer, Capital Square, on their continued success and dedication to a seamless year-end close!"
Since its founding in 2012, Capital Square has acquired 146 real estate assets for over 3,800 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code and other investors seeking stable cash flow and capital appreciation.
About Capital Square
Capital Square is a national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges and qualified opportunity zone funds for tax deferral and exclusion. Since 2012, Capital Square has completed more than $4.2 billion in transaction volume. Capital Square's executive team has decades of experience in real estate investments. Its founder, Louis Rogers, has structured hundreds of investment offerings totaling in excess of $5 billion. Capital Square's related entities provide a range of services, including due diligence, acquisition, loan sourcing, property/asset management, and disposition, for a growing number of high net worth investors, private equity firms, family offices and institutional investors. Since 2017, Capital Square has been recognized by Inc. 5000 as one of the fastest growing companies in the nation for five consecutive years. Additionally, in 2021, the company was ranked 101st on the list of Inc. 5000 Washington D.C. Metro's Fastest-Growing Private Companies. In 2017, 2018 and 2020, the company was also ranked on Richmond BizSense's list of fastest growing companies. Capital Square was listed by Virginia Business on their "Best Places to Work in Virginia" report in 2019 and 2021 as well as on their "Fantastic 50" reports in 2019 and 2020.
Livly | August 31, 2021
Livly, Inc the Chicago-based technology company bringing a unified operating system to multifamily residential properties, today announced the launch of its new partnership with Franklin St., a leading Australian real estate development, investment, and management company. The two companies will partner on the launch of the Livly digital platform within Franklin St.'s Australian portfolio and throughout the broader Australian and New Zealand markets.
Franklin Street and Livly partner to provide a seamless digital solution for property managers and residents. The Livly operating system will be made available for immediate integration throughout Franklin St.’s Australian development portfolio and throughout the broader Australian and New Zealand markets shortly.
"Over the last few months, Livly and Franklin St. have worked collaboratively to bring our industry leading resident operating system to Franklin St.," said Alex Samoylovich, Co-CEO of Livly. "We couldn't be more excited to partner with a leading residential property development and investment firm in Franklin St., bringing Livly to new markets in Australia and New Zealand."
Following a comprehensive assessment of requirements, Livly has developed a unique set of digital applications that will drive efficiency for property staff and elevate resident experiences throughout the portfolio. In partnering with Franklin St., Livly will not only open new markets but also enter the build to rent vertical as well, the Australian equivalent of multifamily.
"Providing exceptional resident experience has always been a core pillar of our property strategy," said Jeremy Quinn, Principal at Franklin St. "The importance of having high-quality management services that provide seamless, digital solutions to everyday tasks and processes has never been greater. Partnering with Livly enables us to provide a truly unparalleled experience across our portfolio." Livly will be made available for immediate integration throughout Franklin St.'s Australian development portfolio and throughout the broader Australian and New Zealand markets shortly.
About Franklin St.
One of Australia's most experienced multifamily developers and investors, Franklin St. has an international track record in what is an emerging asset class in Australia. With over 2,000 apartments in development, Franklin St. is at the forefront, delivering innovative and cutting-edge solutions and developments for their customers and investment partners. We have previously delivered and funded market leading multifamily projects in both the US and UK. With market-wide coverage in Australia, we are a gateway for US and other international capital looking to capitalize on the emergence of multifamily (known as Build-to-Rent locally) and take advantage of early mover opportunities in Australia.
About Livly, Inc.
Livly, Inc. is revolutionizing apartment living & powering communities across the globe. Founded in Chicago in 2017, Livly has built the first unified enterprise-grade operating system tailored specifically for residential properties. The Livly operating system serves as the remote control for apartment living, connecting residents, guests, staff, and vendors with state-of-the-art software, access controls, services, and comprehensive data analytics. With an ever-evolving client-driven tech stack and an inclusive approach to industry partnerships, Livly is quickly establishing itself as the market leading resident experience operating system.