MILWAUKEE, April 15, 2013 (GLOBE NEWSWIRE) -- Capital Square Realty Advisors, LLC announced today that their first Delaware Statutory Trust (DST) investment offering, Riverwood Corporate Center, a Class A, 112,000-square-foot office building in the Milwaukee suburb of Pewaukee, Wis., has been fully subscribed by investors. The property was purchased in December 2012.
Capital Square provides institutional quality real estate investments for high net worth investors seeking replacement property for Section 1031 exchanges and regular cash investments. The company uses the DST structure to syndicate properties in smaller units for acquisition by qualified, high net worth investors.
"Riverwood Corporate Center is a mission critical, institutional quality building that is 100 percent leased by ProHealth Care Inc., a regional healthcare provider highly rated by both Moody's and Standard & Poor's, on a long-term, triple net basis," said Louis Rogers, founder and chief executive officer of Capital Square. "In searching for replacement properties for our investors, we look for attributes such as these, with the goal of providing high quality investments with the potential for meaningful returns."
Located at N17 W24100 Riverwood Drive, Riverwood Corporate Center is a four-story Class A building constructed as a build-to-suit for ProHealth Care's corporate headquarters and mission critical 24-hour data center. The office serves three hospitals, 17 clinics and 11 other facilities through a network of nearly 1,000 physicians and 5,000 employees.
"Riverwood is the first of what we expect to be many DST programs launched by Capital Square Realty Advisors and fully subscribed by our investors," said Rogers. "There is significant and growing demand for high quality investment programs, particularly among aging baby boomers seeking to defer capital gains taxes while continuing to benefit from the income derived from professionally managed commercial real estate programs."
About Capital Square Realty Advisors LLC
Capital Square Realty Advisors, LLC specializes in the creation and management of commercial real estate investment programs for Section 1031 tax-deferred exchange investors and cash (non-1031) investors using the Delaware Statutory Trust structure. Louis J. Rogers, founder and chief executive officer of Capital Square Realty Advisors, has been involved in the creation and management of more than 100 investment offerings totaling over $3 billion, including tenant-in-common, DST and multiple publicly registered non-traded real estate investment trusts. Rogers is also the founder and CEO of Rogers Realty Advisors LLC, which provides investment banking services with an emphasis on sourcing preferred equity, mezzanine financing and other debt for real estate investments. The DST interests are sold by independent broker-dealers across the country. Property and asset management services are provided by affiliate, Capital Square Management, LLC.
CONTACT: Jill Swartz Spotlight Marketing Communications 949.427.5172. ext. 701 - office 949.485.1552 - cell firstname.lastname@example.orgSource:Capital Square Realty Advisors, LLC