Four Springs TEN31 Xchange, LLC (FSXchange) announced today that it has
fully subscribed FSC Industrial I DST – a $10.2 million all cash
offering of an industrial distribution facility. Four Springs Capital
Markets assisted with the distribution of the offering.
Four Springs TEN31 Xchange is a leading sponsor of Delaware Statutory
Trust (DST) programs designed for investors participating in Section
1031 tax deferred real estate exchanges. FSXchange focuses its offerings
on single tenant net-leased industrial, medical, retail and office
“We experienced significant demand from the independent broker-dealer
community for this offering,” said Coby Johnson, President and Chief
Operating Officer of Four Springs Capital Trust. “This is an
institutional quality distribution warehouse in a great market, leased
on a long-term basis to a tenant with a strong market position.”
FSXchange acquired the 151,000 square foot distribution facility located
in the Hartford, Connecticut market in a sale-leaseback transaction in
which it originated a new 20-year absolute net lease. The company
acquired the property with strong real estate fundamentals – rents are
in line with market and the price per foot is in line with replacement
cost. The offering did not include any debt financing, which eliminated
the risks typically associated with debt, including servicing and
refinancing risks, making it an attractive offering for investors.
“Many owners of appreciated real estate don’t realize the significant
tax burden they may face upon the sale of a property,” said Eric Paul,
President of Four Springs Capital Markets. “A 1031 exchange into an
institutional quality property managed by a professional real estate
sponsor could be the right solution, and offers a way for financial
advisors to offer a value-add service to their most important clientele.”
About Four Springs TEN31 Xchange:
Four Springs TEN31 Xchange (FSXchange) is a sponsor of DST offerings
featuring single tenant net-leased real estate and provides customized
turnkey tax deferred exchange solutions for real estate investors.
FSXchange is a subsidiary of Four Springs Capital Trust, an internally
managed real estate investment trust (REIT) focused on acquiring, owning
and actively managing a portfolio of single tenant, income producing
industrial, medical, retail, and office properties throughout the United
States that are subject to long-term net leases.
About Four Springs Capital Markets:
Four Springs Capital Markets is a financial services firm that focuses
on raising capital for real estate and other alternative investments.
Since 2009, the company has raised capital from financial
intermediaries, high net worth individuals, family offices and
institutional investors for a wide range of 1031 programs, private
placements and REIT equity and debt investments.
Securities offered through Third Seven Capital LLC, Member
FINRA/SIPC. Four Springs Capital Markets and Third Seven Capital LLC are
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