Capital Square Fully Subscribes Miami Gardens Build-for-Rent DST in Under Three Months

New updates have been reported about Capital Square.

Capital Square has completed the equity raise for its Regulation D private placement, CS1031 The Villages at Miami Gardens BFR Housing, DST, fully subscribing the offering in less than three months and underscoring investor demand for its build-for-rent strategy. The capital will support ownership of a 50‑unit, 100% occupied townhome community in Miami Gardens, Florida, a submarket the firm views as supply‑constrained with strong cash flow and profit potential.

Management highlighted that Miami Gardens faces a housing shortage and that the broader Miami metro is one of the least affordable homeownership markets in the U.S., which is pushing households into rentals and supporting high occupancy. The property’s location near major transportation links, Hard Rock Stadium, a large mixed‑use city center under construction, and roughly 935,000 nearby jobs reinforces its positioning as a long‑term rental asset.

Capital Square co‑CEO Louis Rogers framed the deal as an example of the firm’s approach to targeting necessity housing in markets with limited supply and durable demand, while co‑CEO Whitson Huffman pointed to Miami Gardens’ population growth, reinvestment and corporate inflows as drivers of sustained performance. The firm is using this offering to deepen its footprint in South Florida and to provide investors with access to markets it believes have strong fundamentals and potential for long‑term returns.

This transaction advances Capital Square’s broader build‑for‑rent expansion, which since 2022 has grown to 13 offerings totaling 1,684 units across seven states and 11 cities, with a combined gross asset value of about $573.7 million. More broadly, the firm has completed more than $8.9 billion in transaction volume and acquired over 175 assets on behalf of 6,500‑plus investors, reflecting its strategy of delivering tax‑advantaged real estate solutions via Delaware statutory trusts, opportunity zone funds and a REIT structure.

For executives and investors, the full subscription of The Villages at Miami Gardens DST signals continued capital appetite for tax‑efficient exposure to professionally managed rental housing in high‑growth, high‑barrier markets. It also reinforces Capital Square’s positioning as an active consolidator and developer in the build‑for‑rent segment, leveraging demographic growth in the Miami metro, foreign capital inflows and corporate relocations that have brought billions of dollars into the region since 2020.