VERO BEACH, FL – Capital Square 1031 has acquired a 55-plus lifestyle manufactured housing community in Vero Beach, FL on behalf of Delaware statutory trust offering, CS1031 Midway Estates MHC, a Reg. D private placement.
Located at 1950 S. US Highway 1, the boutique retirement community, Midway Estates, comprises 183 homesites situated on 28 acres of land.
Capital Square plans to invest $3.8 million in the community. The firm aims to implement value-add upgrades at the property and compete with surrounding communities that obtain higher rents.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
