WASHINGTON, March 8, 2021 / PRNewswire / – Hauptplatz 1031, a leading sponsor of the Delaware Statutary Trust (DST) offerings for 1031 Exchange and other accredited investors, today announced the acquisition of SomerHill Farms, a 140-unit apartment building in suburban Gainesville, Virginia, CS1031 SomerHill Farms Apartments, DST, a reg. No. D private placement.

“SomerHill Farms Apartments is next in line with Capital Square’s value-adding multi-family communities for 1031 Exchange and other investors seeking stable cash flow and capital appreciation,” said Louis Rogers, Founder and CEO of Capital Square. “The community is located in a dynamic and rapidly growing suburb of Northern Virginia, just outside Washington DC, with robust population growth, steep rent increases, high barriers to entry, and exceptional job opportunities within commuting distance, including the $ 2.5 billion development from HQ2 from Amazon. ”

The community is located at 7351 Yountville Drive on 18.76 acres. SomerHill Farms was built in 2006 and has six three- and four-story residential buildings and a clubhouse. The community includes one-, two-, and three-bedroom units ranging in size from 786 average square feet to 1,446 average square feet. SomerHill Farms amenities include a clubhouse, outdoor pool, dog park, fitness center, tot lot and communal garden.

CS1031 SomerHill Farms Apartments, DST is targeting $ 23.2 million in equity from accredited investors and has a minimum investment of $ 50,000.

“SomerHill is located in the ninth richest county in the country with projected average annual rental growth of 3.78% from FY 2022 to FY 2023.1,” said Whitson Huffman, chief strategy and investment officer. “SomerHill Farms is a prime example of a multi-family community with high value creation potential. By improving the community through light renovations and updates to the furnishings, Capital Square can increase rent over time and increase the residual value of the property.”

Gainesville is home to 48.3 million square feet of retail space, including The Grove at Gainesville, a 1 million square foot planned mixed-use retail entertainment, hotel, and office development. Located in Northern Virginia, the city offers most residents a 45-minute drive to nearby employers, including the planned Amazon HQ2 in Washington, DC

Since the company’s inception, Capital Square has acquired 125 real estate assets for over 2,700 investors seeking high quality replacement homes that qualify for tax deferral under Section 1031 of the Internal Revenue Code and other investors seeking stable cash flow and capital appreciation.

1. Axiometry

About Capital SquareCapital Square is a national real estate company specializing in tax-deferred real estate investments, including Delaware Statutary Trusts for Section 1031 Exchanges and Qualifying Opportunity Zone Funds for tax deferral and exclusion. As of 2012, Capital Square has completed more than $ 2.6 billion in transactions. Capital Square’s executive team has decades of real estate investing experience. Its founder, Louis Rogers, has structured hundreds of investment offerings totaling over $ 5 billion. Capital Square’s affiliates provide a range of services including due diligence, acquisitions, loan procurement, property / asset management and disposition to a growing number of high net worth investors, private equity firms, family offices and institutional investors. As of 2017, Capital Square has been recognized by Inc. 5000 as one of the fastest growing companies in the country for four consecutive years. The company was also listed on Richmond BizSense’s Fastest Growing Companies list in 2017, 2018, and 2020. In addition, Virginia Business featured Capital Square in its 2019 Best Places to Work in Virginia report and in the Fantastic 50 reports in 2019 and 2020. To learn more, visit www.CapitalSquare1031.com.

Disclaimer: Securities offered by WealthForge Securities, LLC, member FINRA / SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are significant risks associated with investing in DST real estate and real estate securities, including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new offers on the market and falling rental prices, general risks of owning / operating businesses – and multi-family properties, short-term rental agreements in connection with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long holding periods and potential loss of all investment capital. Past performance is no guarantee of future results. Potential cash flows, returns and increases in value are not guaranteed. IRC section 1031 is a complex tax concept; Consult your legal or tax advisor regarding the specifics of your particular situation. This is not a solicitation or an offer to see any securities. Please read the Private Placement Memorandum (PPM) completely and carefully read the risk section before investing. Diversification neither guarantees profits nor protects them from losses.

Contact: Lauren BurgosSpotlight Marketing Communications949.427.1399[email protected]

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