CS1031 Parkland Apartments, DST owns Parkland Apartments, a 396-unit garden and townhome multifamily community built in 1991 on about 45.43 acres in Parkland, Florida (Broward County), acquired 12/8/2022 for $155,000,000. The Property is master leased to a Sponsor affiliate that operates it through Capital Square Asset Management and on-site manager Bell Partners. Investors receive Annual Rent and any Bonus Rent under the Master Lease as monthly distributions. The plan is a stabilized hold of about ten years, followed by a sale or a Section 721 contribution to the Sponsor-affiliated Capital Square Apartment REIT. The Interests are designed as Section 1031 replacement property.