centraljersey | August 04, 2020
Debbie Lang, a sales associate in the Princeton office of Berkshire Hathaway HomeServices Fox & Roach, Realtors, received two 2020 Asian Real Estate Association of America A-List Top Producer Awards.Lang had 26 transaction sides, ranking 45th among individual winners. Additionally, she had a transaction volume of $16,175,564, ranking 41st among individual winners.An award-winning sales associate, Lang has been recognized with the Circle of Excellence, E.P.I.C (Ethical, Professional, Innovative & Caring), Five Star Professional, President’s Circle and Chairman’s Circle awards.
prnewswire | September 03, 2020
Williams & Williams, a worldwide real estate auction firm and leader in global live and interactive auctions, will auction several surplus real estate properties for energy midstream company Archrock Services L.P. (NYSE: AROC). Listings include warehouse, office space, and land parcels for auction on September 29. The vacant residence in New Castle, PA will sell in an online only auction Sept 28-30 at AuctionNetwork.com. The auctions are being offered in conjunction with commercial broker JLL.
REAL ESTATE INVESTMENT
Capital Square 1031 | January 06, 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 new Class A, 234-unit luxury multifamily community in Commerce, Georgia a part of Metro Atlanta. The community was acquired on behalf of CS1031 Capstone at Banks Crossing Apartments, DST.
Capstone at Banks Crossing Apartments is Capital Square's fifteenth acquisition of an apartment community in Georgia, creating management efficiencies and economies of scale, Capital Square is bullish on Metro Atlanta because the economy is growing rapidly and creating jobs. The population of the Atlanta metropolitan statistical area increased 15.2% between 2010 and 2020, and Commerce, along with nearby areas, has become an important industrial hub for the growing region."
Louis Rogers, founder and chief executive officer of Capital Square.
Located at 288 E. Ridgeway Road, Capstone at Banks Crossing was recently completed in 2021. Situated in Banks County, on 15.6 acres of land, the community was 97.8% leased as of December 2021.
The community offers one-, two- and three-bedroom units with high-end finishes, including granite kitchen and bathroom countertops, stainless steel appliances and more.
Amenities at the community include a swimming pool with tanning ledge, clubhouse with resident lounges and a kitchen, business center, coffee bar and conference room. Additional features include a fitness center with digital on-demand classes, outdoor grilling stations, package delivery lockers, dog park and pet spa, fire pit and storage units available to rent.
Capstone also benefits from important demand drivers, such as increasing regional employment. Notably, SK Innovation launched construction on the second phase of its $2.6 billion electric battery plant, which will supply about 430,000 electric vehicle batteries per year to Ford and Volkswagen when the factory fully ramps up by the end of 2023.2 SK Innovation forecasts that the plant, located approximately two miles from Capstone, could eventually employ more than 6,000 workers. The operations also plan to bring thousands of other businesses to the area, including suppliers and retail operations, such as restaurants.
Enchem Ltd., a supplier to SK Innovation, announced it would invest $61.4 million to build two new manufacturing plants in nearby Jackson County, creating more than 300 jobs.
Diana Food's $50 million office and food manufacturing and warehouse facility and German laminate and wood flooring underlay manufacturer Selit's $45 million plant are less than one mile from the apartment complex. Additionally, GE Appliances' new distribution center is four miles from Capstone, while Southeast Toyota Distributor's 350,000-square-foot facility is just six miles away.
Meanwhile, Amazon and Walmart have leased more than one million square feet each in nearby Pendergrass, Georgia, while Toyota Industries Compressor Parts America is expanding its manufacturing facility, also in Pendergrass. These companies, and others, have targeted northeast Georgia as ideal for manufacturing and distribution activities.
Capstone is an exceptional addition to the Capital Square portfolio, The property is newly built and caters to higher-end renters in an economically thriving part of Georgia. Expanding employment centers in the region will drive continued population and employment growth, which should lead to even greater demand for quality housing options, such as those provided by Capstone at Banks Crossing Apartments."
Whitson Huffman, chief strategy and investment officer.
CS1031 Capstone at Banks Crossing Apartments, DST seeks to raise $32 million in equity from accredited investors and has a minimum investment requirement of $50,000.
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.