Capital Square Acquires Atlanta Townhome Property

Brighton Woodstock. Image courtesy of Capital Square

Capital Square has completed its purchase of Brighton Woodstock, a 100-unit build-to-rent townhome community located at 5900 Woodstock Road in Acworth, Ga. The buyer acquired the community through a DST offering from its previous owner, listed by Yardi Matrix as Stonecrest Homes. The purchase was a part of CS1031 Brighton Woodstock BFR Housing, DST, an investment fund that seeks to raise $22.5 million in equity from private investments, with a contribution of $50,000.

Brighton Woodstock finished construction in 2022 and is subject to a $2.6 million construction loan provided by Lime One Capital Debt Funds, according to Yardi Matrix. The community offers three-bedroom, single-family townhouses averaging 1,480 square feet. Homes include open floor plans with island kitchens, attached garages, in-house laundry machines and private patios. Across the 16.7-acre plot, residents have access to a communal lawn, fire pit, grilling area, playground, dog park and walking trail. Additionally, residents have access to on-site car detailing, dry cleaning and housekeeping services.

Situated in one of metro Atlanta’s most affluent suburbs, Brighton Woodstock is within 28 miles of downtown Atlanta, a major hub of recent investment from some of the nation’s largest technology companies, including Microsoft, Google and Facebook. Additionally, the community is within 5 miles of the city’s largest employer, Kennesaw State University.

Acquisitions and investments in the Sun Belt

The acquisition is the latest installment in a larger Private Equity Group formed by Capital Square that seeks to acquire and finance the development of multifamily communities around the Sun Belt through Section 1031 and DST market exchanges. The venture is being led by Managing Directors & Co-Heads of Private Equity Dave Platter and Jonathan Trott. The same team is overseeing the capitalization of Capital Square Denton BFR, a venture in Dallas that is working on fixing $22 million for the development of Perch Denton, a 195-unit community in the suburb of Denton.

Earlier this month, the firm used the similarly formatted CS1031 Parkland Apartments, DST to acquire Parkland Apartments, a 396-unit apartment community in Parkland, Fla. Following the acquisition, Capital Square seeks to raise $105.7 million in investments.