Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced that its offering, Capital Square Denton BFR, LLC, has been fully subscribed. Once completed, the property will be called Perch Denton.
The Regulation D private placement is comprised of a 195-unit, single-family build-for-rent community in the Dallas suburb of Denton, Texas. Capital Square has partnered with Good + West Residential and Montgomery Street Partners as co-developers on the project, which will be developed and marketed under their “Perch” brand.
Capital Square formed the Private Equity Group in 2022, managed by experienced real estate executives Dave Platter and Jon Trott as managing directors and private equity co-heads, to profit from opportunities in the housing market, including a dedicated build-for-rent strategy in high growth sunbelt markets.
“Perch Denton is one of the most desirable projects of its kind within the Denton submarket and the broader, Dallas-Fort Worth area,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “Capital Square has a dedicated team to develop BFR communities similar to Perch Denton in high growth markets throughout the sunbelt.”
An abundance of retail, shopping and dining options can be found within a mile of the property, including the adjacent Rayzor Ranch Marketplace anchored by Walmart, Sam’s Club and HEB. Immediately to the south is Rayzor Ranch Town Center, which contains an array of fast-casual and sit-down dining options, including In-N-Out, Chipotle, Chili’s and more. Interstate 35 and University Drive, Denton’s primary east and west thoroughfares, provide residents with direct access to downtown Denton, Frisco, McKinney, Dallas Fort Worth International Airport, Fort Worth and Dallas.
“The Perch Denton development is located in the Dallas metro, which continues to enjoy significant growth. In fact, Denton County, where this development is located, recently passed the one million resident milestone after experiencing 3.2% annual growth,” said Whitson Huffman, co-chief executive officer. “As one of the fastest growing regions of the country, this is an ideal investment market for a high-quality build-for-rent community.”
Since its founding in 2012, Capital Square has acquired 171 real estate assets for over 6,500 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code and other investors seeking stable cash flow and capital appreciation.
