ORLANDO, Fla., Nov. 30, 2020 /PRNewswire/ — Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for 1031 exchange and other accredited investors, announced today the acquisition of Whispering Pines, a 301-homesite manufactured housing community in Kissimmee, a city in the Orlando metropolitan area. The property, exclusive to those ages 55 and older, was acquired for CS1031 Whispering Pines MHC, DST, a Reg. D private placement.
“This is Capital Square’s fourth acquisition this year of four- and five-star, age-restricted, manufactured housing communities in coastal Florida markets,” said Louis Rogers, founder and chief executive officer. “Capital Square is bullish on manufactured housing in Florida due to exceptionally strong demand from retirees and very limited supply for affordable senior housing.”
Located at 4658 Whispering Pines Blvd., the community is situated on approximately 61 acres of land. Whispering Pines is 99% occupied and has additional land with