Capital Square, a leading sponsor of tax-advantaged real estate investments and an active developer and manager of housing communities nationwide, today announced the launch of CS1031 Texas Active Living New Braunfels, DST. Capital Square seeks to raise equity from accredited investors for the Delaware statutory trust offering, which is structured as an all-cash acquisition with no mortgage debt.

The offering provides accredited investors beneficial interests in a 72-home, age-restricted community for residents 55 and older in the San Antonio suburb of New Braunfels, along the Interstate 35 corridor.

“This is Capital Square’s fourth Texas Active Living offering for the DST/1031 program and, like the others, it is structured as an all-cash offering with no mortgage debt,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “The active adult segment is gaining in popularity as the population ages and more active adults sell their homes and choose purpose-built rental communities designed for this stage of life. We believe these demographic trends support strong, long-term demand for the active adult housing sector, creating a compelling opportunity for investors.”

Located at 3025 Oak Run Parkway on an 11-acre site, Emerald Cottages of New Braunfels is the largest community in the Emerald Cottages portfolio, with 72 one- and two-bedroom cottage homes completed between 2022 and 2024. The single-story homes feature private drives and attached garages, along with granite and stone countertops, wood and carpet flooring, stainless steel appliances, in-unit connections for washers and dryers, central HVAC and accessibility features designed for senior residents.

Community amenities include an approximately 4,400-square-foot clubhouse, fitness room, game room, business center, dining room, swimming pool and barbecue and picnic area. The community also features an active social calendar of exercise classes, community events and entertainment throughout the week.

The property is in the late stages of initial lease-up and was 91.7% leased as of September 2026.

“New Braunfels offers a compelling combination of population growth, regional access and quality of life for active adults,” said Whitson Huffman, co-chief executive officer and chief investment officer of Capital Square. “The area continues to attract new residents, and its diversified economy, established healthcare infrastructure and recreational amenities make it well suited for age-restricted living. We believe Emerald Cottages of New Braunfels is well positioned to serve this growing market while providing accredited investors exposure to the age-restricted rental housing sector.”

Emerald Cottages of New Braunfels is located in Comal County along the Interstate 35 corridor between San Antonio and Austin. San Antonio International Airport is roughly 28 miles away and the nearest interstate on-ramp at Loop 337 is about two miles from the property. Downtown San Antonio is about a 40-minute drive and downtown Austin roughly 75 minutes.

Comal County’s population has grown 29.6% since 2020, while New Braunfels’ population has grown 35.5% to 122,492, according to the U.S. Census Bureau. The San Antonio and New Braunfels metro is projected to grow another 5.6% by 2030, according to Berkadia Real Estate Advisors.

Tourism contributes to local demand, driven by attractions such as the Guadalupe and Comal Rivers, Canyon Lake and the historic Gruene district. Commercial development across the city includes Mayfair, a master-planned community approximately 13 miles from the property with 230 acres of shopping, dining and office space and more than 300 acres of parks. A 158,000-square-foot Costco opened there in May 2026 as the development’s first major commercial anchor. New Braunfels Town Center at Creekside, with more than 18 dining options and 30 retailers, is located approximately 10 miles from Emerald Cottages of New Braunfels.

The area has a diversified economic base, with Comal Independent School District, the City of New Braunfels, Rush Enterprises and CHRISTUS Santa Rosa Hospital among its major employers. The city is served by two full-service hospitals, CHRISTUS Santa Rosa with 590 employees and 132 beds and Resolute Baptist with 500 employees and 128 beds.

Since its founding in 2012, Capital Square has acquired more than 175 real estate assets on behalf of more than 6,500 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code, along with others seeking stable cash flow and capital appreciation.

About Capital Square

Capital Square is a vertically integrated, national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion, development funds and a real estate investment trust (REIT). The company is also an active developer and manager of multifamily communities. Since 2012, Capital Square has completed more than $9.1 billion in transaction volume. Its mixed-use development projects total over 2,700 housing units with an aggregate development value in excess of $1 billion, and Capital Square Living, the firm’s property management division, oversees nearly 14,000 apartments across eight states. Capital Square’s related entities provide a range of services – including due diligence, acquisition, loan sourcing, property/asset management and disposition – for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. The company has been recognized by Inc. 5000 as one of the fastest-growing private companies in the nation for nine consecutive years. Learn more at CapitalSq.com.

Disclosure

Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short-term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to sell any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Private placements are speculative and illiquid. Diversification does not guarantee profits or protect against losses. FINRA Broker Check link: https://brokercheck.finra.org/.

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