2000 West Creek Apartments DST

1031 Exchange Eligible Delaware Statutory Trust (DST) Investment

95% Funded

$0
$48M

Delaware Statutory Trust (DST) in Richmond, VA

CS1031_2000WestApartmentsDST_Pic1

Summary of the Property

Property Type Multifamily
Year Built 2018
Size 373 Units
Average Unit Size 1,001 SF
Occupancy* 93.6%


Financial Summary

Equity Raise $47,725,000
Loan-to-Value (LTV) 58.03%
Minimum Investment $50,000
Holding period 7-10 Years
Suitability Accredited Investor

 

ADDITIONAL INFORMATION

About This Offering

2000 West Creek Apartments DST is a Delaware Statutory Trust (DST) that owns a 373-unit, Class A+ multifamily community in northwest Richmond. Constructed in 2018, the Property is situated on 23 acres of land and features 373,251 SF of net rentable area. The unit mix includes 176 one-bedroom units and 197 two-bedroom units, with an average unit size of 1,001 square feet. Given the age of the Property, it is still being leased-up and is 82.8% occupied as of September 19, 2019.

The Property is located in far northwest Richmond, just off State Highway 288. Demand drivers to the Property include employers located in Short Pump, a town just north of the Property that houses multiple retail centers, malls, and hospitals, and Capital One, who has a corporate campus less than a mile away.

About Capital Square 1031

Capital Square is a national investment sponsor specializing in tax-advantaged real estate offerings, including Delaware statutory trusts and Qualified Opportunity Funds. Founded in 2012, the investor-centric company has quickly grown to have completed more than $1.85 billion in transaction volume, as of January 10, 2020.

 

* Occupancy as of June 10, 2020

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There are material risks associated with investing in DST properties and real estate securities including construction risk, liquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed.

Neither the SEC nor any other state or federal regulator has passed on or endorsed the merits of this offering or these securities and has not confirmed the adequacy or accuracy of the PPM. Any representation to the contrary is unlawful. All information contained in this material is qualified in its entirety by the terms
of the current PPM

This offering is not suitable for all investors due to its speculative nature. All investors must be "accredited investors" and/or "qualified purchasers" as defined in the securities laws before they can invest in the Fund.

Realized Holdings, Inc. does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstance.