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Capital Square Acquires Multifamily Community Near Washington, D.C. for DST Offering

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Capital Square Acquires Multifamily Community Near Washington, D.C. for DST Offering


The acquisition is on behalf of a Delaware statutory belief funding providing that seeks to boost $46.5 million in fairness from accredited buyers

WASHINGTON, Aug. 22, 2022 /PRNewswire/ — Capital Sq., one of many nation’s main sponsors of tax-advantaged actual property investments and an lively developer of multifamily communities, introduced at this time the acquisition of Rivergate, a luxurious 402-unit multifamily neighborhood within the Washington, D.C. suburb of Woodbridge, Virginia. The neighborhood was acquired on behalf of CS1031 Rivergate Residences, DST.

“I believed it couldn’t get any higher than the acquisition of Class A+ 2000 West Creek in 2019 for $103 million for Capital Sq.’s 1031 trade/DST program, however then we continued to accumulate a big portfolio of comparable Class A+ house communities and, now, Rivergate Residences in Woodbridge, Virginia,” mentioned Louis Rogers, founder and chief government officer of Capital Sq.. “These Class A+ acquisitions completely match the DST acquisition technique of shopping for finest in school multifamily belongings for steady returns and capital appreciation. The acquisition of best-in-class belongings demonstrates the maturation of the DST business.”

Positioned at 13175 Marina Means, alongside the picturesque Occoquan River within the Potomac River basin, Rivergate is in a scenic space with wonderful neighborhood facilities that embody a resort-style swimming pool and sundeck, a rooftop terrace with cabanas, out of doors sofas and a bar, a courtyard with a firepit, gasoline grilling stations, a state-of-the-art health heart, two resident clubrooms, a enterprise heart, a paw spa with a self-service wash and grooming suite, a volleyball court docket, kayak and bicycle storage, a multi-level parking storage, a bundle concierge, on-site administration and upkeep and managed entry.

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The Higher Washington, D.C. and Northern Virginia financial system has skilled constant development and diversification over the previous a number of years, supported by the federal authorities and largely devoid of extremely cyclical industries. The realm is residence to a number of worldwide corporations, together with Amazon, Booz Allen Hamilton, Capital One Entities, Freddie Mac, GEICO, Hilton Worldwide Holdings, Inc., Marriott Worldwide and Northrop Grumman.

“Rivergate is ideally positioned in a thriving financial sector of Northern Virginia that continues to get pleasure from vital employment development and can quickly welcome Amazon, which is able to open its second world headquarters close by in 2023,” mentioned Whitson Huffman, chief technique and funding officer. “The Amazon facility is simply 20 miles from Rivergate and is anticipated to make use of 25,000 folks. Amazon joins a number of different main worldwide corporations that decision the area residence.”

Rivergate is simply 4 miles from each the 183-bed Sentara Northern Virginia Medical Heart and a brand new, $200 million Kaiser Permanente medical heart. Collectively, these employers help roughly 1,500 employees.1

Potomac Mills, Virginia’s largest enclosed outlet procuring and eating vacation spot with greater than 200 storefronts and eating places, is simply 5 miles from Rivergate. Stonebridge at Potomac City Heart, a 500,000-square-foot open-air life-style heart, is simply six miles from the property. Stonebridge incorporates a Wegmans Meals Market, full-service well being membership, Alamo Drafthouse Cinema, and a splash pad water park for youngsters. Rivergate residents get pleasure from prepared entry to each Ronald Reagan Washington Nationwide Airport, located 20 miles northeast of the property, and Dulles Worldwide Airport, positioned 30 miles to the northwest.

CS1031 Rivergate Residences, DST seeks to boost $46.5 million in fairness from accredited buyers and has a minimal funding requirement of $50,000.

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Since its founding in 2012, Capital Sq. has acquired 153 actual property belongings for over 6,000 buyers in search of high quality substitute properties that qualify for tax deferral below Part 1031 of the Inside Income Code and different buyers in search of steady money circulate and capital appreciation.

Source: 1. Newmark, 2022.

About Capital Sq.
Capital Sq. is a nationwide actual property agency specializing in tax-advantaged actual property investments, together with Delaware statutory trusts for Part 1031 exchanges, certified alternative zone funds for tax deferral and exclusion and an actual property funding belief (REIT). Lately the corporate has turn out to be an lively developer of mixed-use multifamily properties within the southeastern US, with eight present tasks totaling roughly 2,000 house items with a complete improvement value in extra of $600 million. Since 2012, Capital Sq. has accomplished greater than $6.0 billion in transaction quantity. Capital Sq.’s associated entities present a variety of providers, together with due diligence, acquisition, mortgage sourcing, property/asset administration, and disposition, for a rising variety of high-net-worth buyers, personal fairness companies, household places of work and institutional buyers. Since 2017, Capital Sq. has been acknowledged by Inc. 5000 as one of many quickest rising corporations within the nation for six consecutive years. In 2017, 2018 and 2020, the corporate was additionally ranked on Richmond BizSense’s listing of quickest rising corporations. Moreover, Capital Sq. was listed by Virginia Enterprise on their “Greatest Locations to Work in Virginia” report in 2019 and their “Improbable 50” reviews in 2019 and 2020. To be taught extra, go to www.CapitalSq.com.

Disclaimer: Securities supplied by means of WealthForge Securities, LLC, Member FINRA/SIPC. Capital Sq. and WealthForge Securities, LLC are separate entities. There are materials dangers related to investing in DST properties and actual property securities together with illiquidity, tenant vacancies, common market situations and competitors, lack of working historical past, rate of interest dangers, the danger of latest provide coming to market and softening rental charges, common dangers of proudly owning/working industrial and multifamily properties, quick time period leases related to multi-family properties, financing dangers, potential adversarial tax penalties, common financial dangers, improvement dangers, lengthy maintain intervals, and potential lack of the whole funding principal. Previous efficiency isn’t a assure of future outcomes. Potential money circulate, returns and appreciation should not assured. IRC Part 1031 is a fancy tax idea; seek the advice of your authorized or tax skilled relating to the specifics of your specific scenario. This isn’t a solicitation or a suggestion to see any securities. Please learn the Personal Placement Memorandum (PPM) in its entirety, paying cautious consideration to the danger part previous to investing. Diversification doesn’t assure earnings or shield towards losses. Personal placements are speculative. 

SOURCE Capital Sq.

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Washington, D.C

An ode to Israel's diplomats in DC and beyond amid the deterioration of Israel's rep – opinion

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An ode to Israel's diplomats in DC and beyond amid the deterioration of Israel's rep – opinion


It is embarrassing to admit, but of all those to whom one’s heart goes out these days, there is a small corner in my heart for Israelis with fancy titles who live in a pleasant city abroad.

I refer to the staff of the Embassy of Israel in Washington DC, where I served as congressional liaison officer. I proudly represented a small democracy defending itself bravely against threats by surrounding dictatorships while doing everything in its power to achieve peace. We heard some criticism, but overall, due to mutual trust and a meeting of interests and values, the country and I were queens of the hill: Capitol Hill.

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As befits queens, everyone wanted to please us. Can we help you pass a law? Would you care for a Free Trade Agreement? I was recently reminded that I was there at the beginning of the funding of the Arrow aerial defense system – I had been involved in so much good, that I forgot.

The importance of the relations was expressed during VIP visits, which entailed a lot of work – we coordinated, accompanied, summarized, and reported. Visits yielded practical results, like agreements and important declarations. The prime minister, foreign minister, defense minister, and finance minister each visited at least once a year, along with other dignitaries. Requests for meetings were almost always honored.

When Israel’s government changed, we represented its policies loyally and professionally. None of my interlocutors, including those who became friends, knew my personal opinions or how I vote.

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The Israeli Embassy in Washington, DC places its flag at half-mast to commemorate the victims of the Meron stampede that took place on Lag Ba’omer 2021. (credit: FOREIGN MINISTRY)

Neutrality was our guide regarding internal American matters. When we arranged for a visitor to meet a committee chairman, we made sure that we met with the minority leader of the same committee. Not only because what goes up always comes down and vice versa, but because bi-lateral support for Israel is a strategic asset which cannot be endangered. Until a few years ago, it was inconceivable that senior Israelis hinted at a preferred candidate or party, never mind expressing themselves openly.

Invitations to Washington have nearly stopped with the new coalition

GIVEN THE policies of the current coalition, meaning the erasure of the Green Line, invitations to Washington all but stopped. I would sometimes imagine myself walking the corridors of Congress and being asked, “how does annexing millions of Palestinians tally with Israel being a democracy?” or about the judicial “reform,” which would eliminate the separation of powers. Being sister-democracies is at the core of the values on which the special relationship is based. In my imagination, I had no answer.

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There is no need to elaborate what the ongoing war has done to Israel’s image, while the aforementioned trends continue unabated. Thus, shortly before Prime Minister Benjamin Netanyahu’s speech, National Security Minister Itamar Ben-Gvir announced that he had changed the status quo regarding the Temple Mount. Americans know that he is a follower of Meir Kahane, founder of the Jewish Defense League, designated a terrorist organization by the FBI.

That Netanyahu is the first foreign leader to address a joint session of Congress four times is remarkable. I have no idea who works in the embassy now, but have no doubt that staff noticed many empty seats, that they were upset to see families of hostages arrested for wearing a shirt that might upset the speaker – as though he has no connection to their plight – and that they cringed when they heard their prime minister directing an unveiled dig at Vice President Kamala Harris, who could well be the next president. Even those not deemed US experts understand that her goodwill is more important than a transient headline designed to please her opponents.

Undoubtedly, Israel’s representatives found a suitable diplomatic response when, after the compliments about the presentation and the ovations, they were asked follow-up questions. Why should we trust a foreign leader, when polls indicate that the majority of his people do not trust him and that they want him to resign? Deradicalization of Gaza sounds good, but what does it mean? Do you have a plan for “the day after,” or is it all slogans and PR?

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No, one shouldn’t pity Israel’s diplomats in Washington, certainly not in relation to those who lost everything on October 7 and since. Yet, to understand the deterioration of Israel’s position in the world, particularly in the US capital, stand for a minute in the shoes that used to be mine and see how respect and credibility were replaced with mistrust and partisanship.

The writer was Israel’s first ambassador to the Baltic States after the disintegration of the Soviet Union, ambassador to South Africa, and congressional liaison officer at the embassy in Washington. She is a graduate of Israel’s National Defense College.





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Washington, D.C

DraftKings Washington, D.C. promo code: Bet $5, Get $200 in bonus bets instantly | Sporting News

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DraftKings Washington, D.C. promo code: Bet , Get 0 in bonus bets instantly | Sporting News


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Around the Beltway: Blinken protest cleared

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Around the Beltway: Blinken protest cleared


A pro-Palestinian protest that lasted for months outside Secretary of State Antony Blinken’s house was suddenly cleared by Virginia law enforcement last Friday. Officials said the Chain Bridge Road encampment created “unsafe conditions” for traffic. (ArlNow)



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