Louis Rogers Of Capital Square Acquires 62-Unit Senior Housing Community In Fredericksburg

The property asset involved in the transaction is a senior housing development located at 161 Friendship Lane in Fredericksburg, TX. This community encompasses 62 units designed for active adult living, featuring amenities such as a clubhouse, pool, and fitness center. The market demonstrates notable growth, with a five-year population increase of 18.8% and annual rent escalations of 12.2%.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: Not specified
• Units: 62
• Address: 161 Friendship Lane
• Market: Fredericksburg
• Buyer: Louis Rogers
• Buyer’s Company: Capital Square
• Acquisition Entity: CS1031 Texas Active Adult Living I, DST

This transaction was facilitated by Louis Rogers representing Capital Square, which is known for its focus on investment in active adult living properties. The acquisition reflects the company's strategy to expand its portfolio in growing markets, particularly in regions demonstrating substantial population growth and rental rate appreciation.