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RICHMOND, Va., May 21, 2018 /PRNewswire/ — Capital Aboveboard 1031, a arch sponsor of Delaware approved assurance investments, appear today that CS1031 Fairway View Apartments, DST, comprised of a 243-unit multifamily association in Greater-Atlanta, has been absolutely subscribed by a absolute of 42 investors.

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“This is an accomplished archetype of Basic Aboveboard 1031’s action – allowance investors access an absorption in a college affection backup acreage than they could allow to acquirement on their own,” said Louis Rogers, architect and arch controlling administrator of Basic Aboveboard 1031. “We are admiring to accept absolutely subscribed the Fairway View Apartments offering, which provides tax-advantaged absolute acreage buying and basic acknowledgment abeyant to a growing cardinal of Section 1031 barter investors.”

The acreage was purchased at an adorable amount with favorable 10-year, anchored amount debt at 3.69 percent from Fannie Mae, breeding a solid banknote breeze for the DST investors. The acreage able for Fannie Mae’s Green Financing Affairs that bargain ownership’s account bills and the absorption amount on the loan. The accommodation was originated by Alexandra Huffman at Walker & Dunlop, LLC. It is the fifth accommodation originated by the Walker & Dunlop aggregation for Basic Aboveboard beneath the DUS accommodation program.

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Situated on added than 20 acres, Fairway View Apartments is amid at 3345 Fairway Oaks Drive in Lawrenceville, and is comprised of 26 two- and three-story residential buildings, as able-bodied as standalone clubhouse/office, laundry and aliment buildings. The acreage appearance golf advance views, a coffee and tea bar, playground, sports court, pond pool, grill/picnic area, pet airing and affliction stations, alfresco advantage area, laundry ability and more. The property’s one-, two-, three- and four-bedroom units boilerplate 1,089 aboveboard feet. Fairway View Apartments is about 95 percent occupied.

Sponsoring 44 DST offerings back its founding in 2012, Basic Aboveboard has helped added than 1,167 investors seek affection backup backdrop that authorize for tax cessation beneath Section 1031 of the Internal Revenue Code.

About Basic Aboveboard 1031 Basic Aboveboard 1031 is a civic absolute acreage advance and administration company. The close sponsors institutional-quality absolute acreage barter programs that authorize for tax cessation beneath Section 1031 of the Internal Revenue Code. Basic Aboveboard uses the Delaware Approved Assurance (DST) anatomy to accomplish affection absolute acreage accessible to a beyond cardinal of investors. Basic Aboveboard provides a ambit of services, including due diligence, acquisition, accommodation sourcing, acreage management/asset management, and disposition, for a growing cardinal of aerial net account investors, clandestine disinterestedness firms, ancestors offices and institutional investors. As of May 2,  2018, the close oversees a growing civic portfolio of 67 absolute acreage assets admired at about $670 actor (based on advance cost). In August 2017, Basic Aboveboard ranked 485th on the Inc. 5000 account of fastest growing companies, authoritative it the astral Richmond, Virginia-area company, with 925 percent three-year growth. In 2016, Basic Aboveboard was ranked as the additional fastest growing aggregation in the Richmond, Virginia breadth by Richmond BizSense. To apprentice more, appointment www.CapitalSquare1031.com.

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Contact:

Julie Leber                                                                         

Spotlight Marketing Communications                    

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949.427.5172, ext. 703                  

[email protected]      

           

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View aboriginal agreeable with multimedia:http://www.prnewswire.com/news-releases/capital-square-1031-completes-dst-offering-of-243-unit-fairway-view-apartments-in-greater-atlanta-300651980.html

SOURCE Basic Aboveboard 1031

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