M id A tlantic Real Estate Journal — Financial Digest — 1031 Exchange — March 13 - 26, 2020 — 15A
www.marej.com
Financial Digest / 1031 Exchange
National investment sponsor promotes Bobko to VP of transactions, and senior paralegal Capital Square 1031 launches all-cash DST offering
G
LEN ALLEN, VA — Capital Square 1031 , a sponsor of Delaware
diligence, purchase and sale agreements for acquisitions, and coordinating dispositions.
Gregor , the firm’s executive VP and general counsel, and oversee all aspects of legal team activities and transactions. “Melodie is a vital member of our legal team,” said Gregor. “She was a crucial component to making 2019 a record year, spearheading the completion of over $505 million in acquisi- tions and the sale of five prop- erties across the nation. Bobko goes above and beyond all expectations. This promotion is extremely well-deserved.” Bobko has more than 20 years of experience in the legal and real estate fields as a com- mercial real estate paralegal.
s t a t u t o r y trust offer- i n g s , h a s l a u n c h e d CS1031 Au- gusta MOB DST , a Regu- lation D pri- vate place-
She was in- strumental in the recent acquisition of an eight- p r o p e r t y multifamily portfolio in the South-
Louis Rogers
Melodie Bobko
ment offering comprised of an orthopedic clinic in Augusta, Georgia that was acquired by the DST in an all-cash trans- action. The offering seeks to raise $8.9 million in equity from ac- credited investors, primarily those seeking 1031 exchange replacement property, and has a $25,000 investment mini- mum. “There is unprecedented de- mand for specialized medical facilities,” said Louis Rogers , founder and chief executive offi- cer of Capital Square. “Because the need for medical services is not correlated to the general economy, medical properties have proven to be recession resistant.” The facility is comprised of a 30,548 s/f orthopedic clinic which includes 18 exam rooms, a dual X-ray suite, designated waiting areas, a physical ther- apy center, an MRI suite and space to expand for practice growth. Constructed in 2009 and situated on 1.9 acres of land, the building is 100%leased on a 12-year triple net lease to Champion Orthopedics, a provider of orthopedic and musculoskeletal care; special- ized sports medicine treatment; orthopedic surgery; physical therapy and rehabilitation ser- vices; and diagnostic imaging. “This medical property was purchased on desirable eco- nomic terms, with annual rent increases and a triple net lease in place where the tenant is responsible for taxes, insur- ance, maintenance and repairs, thereby reducing future infla- tion risk,” said Whitson Huff- man , senior VP and head of acquisitions. According to the Centers for Medicare and Medicaid Servic- es, health spending increased by 4.6% in 2018 to reach $3.6 trillion and accounted for 17.7% of gross domestic product. In other Capital Square news, the company announced that it has promoted Melodie Bobko to VP of transactions, and senior paralegal.
east with Fannie Mae financ- ing. Melodie is an important member of Capital Square’s legal team and is a big part of what makes our firm special.” In her new role, Bobko will continue to support Jeff
1706 Magnolia Way, Augusta, GA
“Melodie is a consummate real estate professional,” said Rogers. “She has the ability
to dive right into complex title and survey issues, while si- multaneously helping with due
Sponsor of DSTs for tax deferral under Section 1031 of the Internal Revenue Code and Qualified Opportunity Zone Funds for deferral and exclusion of capital gains taxes
$1.9 billion in transaction volume 106 real estate assets acquired Capital Square provides investors greater access to tax-advantaged real estate investments. 72 investment offerings sponsored
www.Cap i t a l Square1031 . com | 877.626.1031
*As of March 6, 2020
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