Capital Square 1031 Acquires New Memory Care Community in Houston
HOUSTON — Investment and management firm Capital Square 1031 has launched an investment fund for the acquisition of a memory care community in the Kingwood neighborhood of Houston. The 10,000-square-foot community includes 16 beds, and was delivered in April. Village Green Alzheimer’s Care Home, a local operator of five memory care communities in metro Houston, operates the property under an absolute net lease whereby Village Green is responsible for all expenses, including structure, maintenance and repairs. Bill Pyle of EDGE Realty Capital Markets represented the seller, Verdad Real Estate, in the transaction. Bear Real Estate Advisors represented Capital Square 1031.