Capital Square Launches New Build-For-Rent Community in Phoenix
Capital Square, renowned for its expertise in tax-advantaged real estate investments and multifamily housing development, is excited to announce the formation of Capital Square Blue Horizons BFR, LLC. This initiative aims to raise funds from accredited investors for the construction of a new build-for-rent (BFR) community featuring 238 single-family homes. The project will be developed in collaboration with Sunstone Two Tree, marking the second partnership between the two companies in the Phoenix region.
A Thriving Market for Rental Housing
Louis Rogers, founder and co-chief executive officer of Capital Square, highlighted the significant opportunity presented by this project. "Phoenix is experiencing robust growth with a rising population and an expanding economy, creating a strong demand for quality rental properties," said Rogers. This development will tap into the ongoing trend of increasing rental needs within this vibrant market.
Details of the New Community
The proposed community will be located at the crossroads of N. Jackrabbit Trail and W. Blue Horizons Parkway, encompassing over 20 acres. It will comprise 88 detached villas, featuring three- and four-bedroom options that average 1,631 square feet, in addition to 150 townhomes with two- and three-bedroom alternatives averaging 1,271 square feet. Amenities planned for the property include a swimming pool, spa, clubhouse, fitness center, playground, and numerous green spaces.
Strategic Location Enhances Project Value
This strategically located development near Loop 303 and Interstate 10 offers convenient access to downtown Phoenix, Sky Harbor Airport, and educational institutions like Arizona State University. The surrounding area is experiencing substantial economic growth, highlighted by significant investments such as the $40 billion TSMC technology hub and various healthcare facilities.
Economic Growth in the Phoenix-Mesa-Chandler Area
The Phoenix-Mesa-Chandler metro area is the tenth largest in the United States, boasting a population exceeding five million. Great economic diversity is facilitated by industries such as healthcare, finance, and logistics, which continue to enhance the region's stability and housing demand. Recent growth projections suggest a population increase of 250,000 residents by 2029, further strengthening the need for quality housing developments.
Investment Opportunities and Strategies
Capital Square continues to appeal to investors seeking innovative real estate strategies. Some investors may consider utilizing a Roth IRA conversion strategy, allowing traditional IRA investments to transition into a Roth IRA during the development phase, potentially offering significant tax benefits.
Capital Square's Proven Track Record
Since its inception in 2012, Capital Square has successfully acquired over 175 properties for more than 6,500 investors looking for reliable replacement properties suitable for tax deferrals under IRS Section 1031. The company has also established itself as a leader with a remarkable transaction volume exceeding $7.9 billion, reinforcing its reputation in the real estate investment sector.
About Capital Square
Capital Square is a fully integrated real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts and qualified opportunity zone funds. The firm is actively involved in the development and management of multifamily properties, totaling over 2,000 apartment units and a development value surpassing $800 million. Recognized as one of the fastest-growing private companies in the nation, Capital Square manages more than 13,000 units across various states, showcasing its expansive operational capabilities.
Frequently Asked Questions
What is the Capital Square Blue Horizons project?
This is a proposed 238-unit build-for-rent housing community in partnership with Sunstone Two Tree, aimed at catering to the growing rental market in Phoenix.
What amenities will the community offer?
The development will include a clubhouse, a pool and spa, a fitness center, playgrounds, and green spaces, enhancing the living experience for residents.
How does Phoenix's economy impact this project?
The growth of industries like technology and healthcare in the Phoenix area drives the demand for rental housing, making it a strategic location for investment.
What is Capital Square's approach to investors?
Capital Square offers unique tax-advantaged investment strategies and has a proven history of returns for its investors through diversified real estate holdings.
How can potential investors learn more about Capital Square?
Interested parties can explore more about Capital Square's offerings and investment opportunities on their official website.
