Capital Square 1031 Acquires Newly Constructed 339-Unit The Quincy Apartment Community in Metro Atlanta Submarket

Press Release

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ATLANTA, GA - Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for Section 1031 exchange and other accredited investors, announced the acquisition of a newly constructed multifamily community in Acworth, Cherokee County, within Metro Atlanta. The 339-unit multifamily community was acquired on behalf of CS1031 The Quincy Apartments, DST.

"The Quincy is a Class A+, 339-unit apartment community in Cherokee County, within Metro Atlanta," said Louis Rogers, founder and chief executive officer of Capital Square. "Cherokee County reported the second-highest population growth among all of the counties in the Atlanta-Sandy Springs-Roswell, GA MSA between the 2010 Census and the 2020 Census. Completed in 2021, the property's initial lease-up was completed in only eight months, demonstrating exceptionally strong demand due to strong employment growth and proximity to Interstate 575 with new express lanes for quicker commutes throughout Metro Atlanta."

Located at 900 Buice Lake Parkway, the community is situated on 17.71 acres of land. The Quincy features one-, two- and three-bedroom floorplans with an average unit size of 1,023 square feet.

Residents at The Quincy benefit from the community's location in the Atlanta-Sandy Springs-Roswell, GA Metropolitan Statistical Area. The area offers convenient access to numerous recreational opportunities, retail services and employment opportunities including downtown Woodstock and Lake Allatoona.

The Quincy is approximately 19 miles from the 28-million-square-foot Cumberland/Galleria office submarket. The submarket is home to the headquarters of Home Depot, Comcast, HD Supply, Genuine Parts and Synovus Financial. Additionally, new headquarters for TK Elevator and Papa John's have recently been delivered to the area.

Community amenities include a swimming pool with a tanning shelf and gas grilling station, a covered patio with natural gas fireplace and a resident lounge with television, surround sound and Wi-Fi. Additional amenities include a state-of-the-art fitness center with cardio and strength-training equipment, conference space with individual work rooms, lawn/event space with outdoor seating, a dog park, a mail center room with package delivery lockers as well as for-rent garage parking and storage units.

RangeWater Real Estate will continue to professionally manage The Quincy on behalf of Capital Square.

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