Property Description

A recently completed Class A, 312-unit multifamily community south of Asheville, North Carolina.

High-end finishes include granite countertops, tile backsplash, stainless-steel appliances, 9-foot ceilings, walk-in closets and a balcony or patio in spacious units averaging 957 square feet.  The highly amenitized property offers sweeping mountain views with convenient access to numerous outdoor activities. The property also benefits from direct access to Interstate 26, providing a 15-minute drive to downtown Asheville.

Property Type

Multifamily

Structure

Delaware Statutory Trust

Capital Square Retreat
at Arden Farms DST

NC

Remaining Availability

8% Remaining

Total Funds
$132,075,000
Remaining Availability
$5,600,000
Minimum Investment
see PPM
Funded To Date
$62,400,000
Est. Hold Period
10 Years
Leverage
48.51%
Equity Raise
$68,000,000
Price/SF or Price/Unit
$423,317/Unit

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Location Details

 
 
 

Population

Population Growth

About The Area

ASHEVILLE Arden is a prominent suburb of nearby Asheville, North Carolina. Asheville is home to Mission Health, an operating division of HCA Healthcare, and North Carolina’s largest health system. The system’s flagship medical center, the 815-bed Mission Hospital, ranks as the top employer in both Asheville and all of western North Carolina, employing more than 10,000. Aerospace manufacturer, Pratt & Whitney, is currently investing $650 million to build a one million-square-foot advanced manufacturing center approximately 3 miles from the property. The facility is expected to open by the end of 2022 and is forecasted to add 800 locals jobs, with an annual payroll of nearly $55 million.

RETREAT AT ARDEN FARMS Nestled in the midst of the Blue Ridge mountains, Retreat at Arden Farms is located approximately 10 miles south of Asheville, North Carolina. The property offers sweeping mountain views on a site surrounded by nature with convenient access to numerous outdoor activities, while also benefitting from direct access to Interstate 26, providing a 15-minute drive to downtown Asheville. The scenic property is 9 miles from The Biltmore Estate, George Vanderbilt’s 250-room castle that is America’s largest home and a prominent tourist attraction. The 8,000-acre grounds, which feature gardens, trails and parklands, are located directly north of the property.

 

Sponsor

Since 2012, Capital Square has helped investors navigate tax-advantaged real estate offerings.

The company’s experienced, investor-centric team provides a successful foundation for investment opportunities including:

  •  Delaware statutory trusts as replacement properties for 1031 exchanges
  • Qualified opportunity zones
  • Private investment offerings

Dedicated to both cash investors and those seeking replacement properties as part of a Section 1031 exchange, Capital Square’s veteran staff knows how to leverage current market conditions to obtain resilient, stable properties.

The bulk of DST offerings consist of multifamily and healthcare assets. Capital Square also sponsors turnkey real estate investment offerings with low investment minimums. This provides investors with access to higher quality real estate.