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CS1031 Texas Active Living Portfolio I DST

Available  •  Capital Square

CS1031 Texas Active Living Portfolio I DST

Investment Overview

The CS1031 Texas Active Living Portfolio I, DST is a 76-unit, all-cash investment opportunity featuring two boutique, age-restricted (55+) build-for-rent cottage communities located in the high-growth markets of McKinney and Waco, Texas. Comprised of 44 units delivered in 2016 and 32 units built in 2018, these properties offer a zero-maintenance lifestyle through single-story layouts with private entrances, oversized garages, and premium interior finishes. Both locations achieved 100% occupancy as of March 1, 2026, supported by a combined waitlist of 30 prospective residents and strong historical retention rates of up to 86%.

Investment Highlights

  • The portfolio consists of two active-adult, cottage-style communities: 2551 Alma Road in McKinney (delivered 2016) and 2412 Marketplace Drive in Waco (built 2018).
  • The portfolio features 44 units in McKinney and 32 units in Waco, all consisting of single-story cottages with private entrances and open layouts designed for a low-maintenance lifestyle.
  • Both properties provide residents with attached oversized garages and a community clubhouse, facilitating an active and secure living environment.
  • As of March 1, 2026, both the McKinney and Waco locations have achieved 100% occupancy, demonstrating sustained high demand for this asset class.
  • There is a combined waitlist of 30 prospective residents (18 in McKinney and 12 in Waco), with each individual supported by a $1,000 deposit.

Quick Facts

Sponsor

Capital Square

Status

Available

Property Type

Senior Living

Location

TX

Estimated Hold Period

7-10 Years

In-Place Loan

0% LTV

721 Exchange Exit

Optional

Current Yield

4.5%

Average Yield

4.93%

Est. Avg. Tax-Adjusted Yield⁴

6.4%

Cap Rate Equivalent⁵

5.9%

Contact

Smiling man in glasses and navy blazer standing in a blurred indoor office setting

Gerald F. "Jerry" Baker, III

Founder, Managing Principal

D 415.579.1660

M 415.278.8503

E jerry@baker1031.com

Income Forecast

4.5%

Year 1

4.53%

Year 2

4.58%

Year 3

4.62%

Year 4

4.77%

Year 5

4.93%

Year 6

5.08%

Year 7

5.25%

Year 8

5.41%

Year 9

5.59%

Year 10

Property images depicted may not be pictures of properties in any current offering and may be representative.

Investment opportunities presented herein are subject to immediate change and may be withdrawn without prior notice. Availability is fluid and often fluctuates rapidly; an offering may close before updated notification is provided. Investors are strictly advised to contact their authorized representative to confirm the current status of any investment prior to committing funds.

The information provided above is for summary purposes only and may be incomplete, outdated, or contain technical inaccuracies. This summary is qualified in its entirety by, and should be read in conjunction with, the relevant Private Placement Memorandum (PPM) and all associated supplements. Prospective investors must rely solely on the PPM and formal offering documents when evaluating the merits and risks of an investment.

⁴Sponsor's Cost Segregation analysis is currently incomplete; therefore, to estimate depreciation benefits, it is assumed the investor is in a 40% combined marginal tax bracket with no current depreciation basis in the property outside of this investment. Average income shielding for this DST is estimated at 45% based on standard IRS straight-line depreciation recovery periods for commercial real estate (39 years), as detailed in this Commercial Real Estate Depreciation Guide. Please refer to the Private Placement Memorandum (PPM) for specifics regarding a cost segregation; notably, even if the Trust does not perform a property-wide study, an individual investor may have the right to commission a private cost segregation study for their specific fractional interest to potentially unlock accelerated or "bonus" depreciation through a change in accounting method.

⁵The "Net-Adjusted Equivalency Cap Rate" is a comparative metric designed to normalize the returns of an all-inclusive Delaware Statutory Trust (DST) against a direct-ownership Net Lease (NNN) property. This metric is calculated by "reversing" a target cash-on-cash return to reconstruct a required Net Operating Income (NOI), adding back debt service and amortizing estimated acquisition, financing, and disposition "friction" costs over a 10-year holding period. This calculation is provided for educational and illustrative purposes only and is not a guarantee of future performance or an offer to sell securities. Limitations include the reliance on generalized market assumptions; individual property performance, actual interest rates, and specific transaction costs will vary. This should not be used as the primary basis for any investment decision. Estimates are derived from the following industry benchmarks: Acquisition Costs (2.5% - NAR Commercial), Loan Fees (1.0% - CREFC Guidelines), Sale Costs (6.0% - Altus Group), and Debt Assumptions (6.5% Interest/30-Yr Amort. - Select Commercial).