At a glance
- The vehicle seeks equity from accredited investors for a 72-home age-restricted community in New Braunfels, Texas.
- Emerald Cottages of New Braunfels was 91.7% leased as of September 2026 and is in the late stages of initial lease-up, according to IREI.
- Its 72 one- and two-bedroom cottage homes were completed between 2022 and 2024, and the community is the largest in the Emerald Cottages portfolio.
Capital Square has launched CS1031 Texas Active Living New Braunfels, DST, its third Texas Active Living DST, Institutional Real Estate, Inc. reported Oct. 20. The vehicle seeks equity from accredited investors for a 72-home age-restricted community in New Braunfels, Texas. The Delaware statutory trust is structured as an all-cash acquisition with no mortgage debt.
Emerald Cottages of New Braunfels was 91.7% leased as of September 2026 and is in the late stages of initial lease-up, according to IREI. The community occupies 11 acres at 3025 Oak Run Parkway in the San Antonio suburb along the Interstate 35 corridor.
Its 72 one- and two-bedroom cottage homes were completed between 2022 and 2024, and the community is the largest in the Emerald Cottages portfolio.
Our Oct. 6 report described a fourth Texas Active Living DST holding a 72-home New Braunfels community at the same 91.7% lease rate, while this announcement calls the offering the third. The target raise has not been disclosed.
Reported by the Fundraising desk from Institutional Real Estate, Inc.. Published . Updated Oct 27, 2026 · 1:16 p.m. ET. Corrections