RICHMOND, Va., July 1, 2015 (GLOBE NEWSWIRE) -- Capital Square Realty Advisors, LLC announced today that its Delaware Statutory Trust investment offering, MOB Portfolio II, DST, comprised of two healthcare-related buildings in the Richmond suburb of Mechanicsville, Va. and the Milwaukee suburb of Hartford, Wis., has been fully subscribed by investors.
"Demand for healthcare services continues to grow at a historic pace, making healthcare real estate assets such as these, both fully leased to strong tenants in excellent locations, especially attractive," said Louis Rogers, founder and chief executive officer of Capital Square Realty Advisors. "We are thrilled to complete this DST investment offering and continue to provide our investors the opportunity to own investment grade medical properties like these using the DST structure. This is the 14th DST offering to be fully subscribed by investors."
The portfolio includes a built-to-suit 20,066-square-foot single-story medical office building that is 100 percent leased to Virginia Women's Center, the largest women's healthcare private practice in central Virginia. Located at 7515 Right Flank Road, the property is within one-mile of Richmond's award-winning Memorial Regional Medical Center and a short drive from Capital Square's headquarters. The 2.1-acre property, which was constructed in 2013, includes 103 surface parking spaces, and is located within The Shoppes at Bell Creek, comprised of office condominiums, free-standing office buildings, a veterinary hospital and retail stores. The Virginia Women's Center property is easily accessible via Interstate 295, Pole Green Road and Bell Creek Road.
The portfolio also includes 1550 Innovation Way in Hartford, Wis., a 73,756-square-foot, two-story building 100 percent leased to API Healthcare Inc., a GE Healthcare company. API is one of the country's largest healthcare workforce management solutions providers. The building was constructed in 2004 as a build-to-suit for API Healthcare's corporate headquarters, on approximately 21.8 acres in one of Washington County's most prominent industrial parks. Equipped with an on-site cafeteria and game room, the property is easily accessible via Highway 41.
About Capital Square Realty Advisors LLC
Capital Square Realty Advisors, LLC specializes in the creation and management of commercial real estate investment programs for Section 1031 exchange investors and cash (non-1031) investors using the Delaware Statutory Trust structure. Louis J. Rogers, founder and chief executive officer of Capital Square Realty Advisors, has been involved in the creation and management of more than 100 investment offerings totaling over $3 billion, including DST, tenant-in-common, numerous real estate funds, and multiple publicly registered non-traded real estate investment trusts.