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Offering Summary

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BR Parkview Multifamily DST

Preview Report

BR Parkview Multifamily DST is offering $39,486,498 in equity for a 264-unit Class A apartment community in Stone Mountain, GA. The property was completed in 2023 and acquired for $66,600,000.

Capital structure

Offering Equity$30.36M50.6% · $121,449 / unit
Offering Debt$29.64M

Offering price

$60.0M

Price / unit

$240,000

Units

250

Property age

12 yrs

Projected distribution rate

Avg 6.75%
Yr 1Term avg.
Yr 1 4.40%Term avg. 4.55%

Year-one distribution of 6.25% stepping to 7.20% by year seven.

The property

2023-Built 264-Unit Class A Multifamily Asset

$66,600,000 acquisition price

BR Parkview Multifamily DST

class A apartment community

The property was completed in 2023, making it a newly built Class A apartment community.

5141 STONE MOUNTAIN HIGHWAY, STONE MOUNTAIN, GEORGIA 30087

5141 STONE MOUNTAIN HIGHWAY, STONE MOUNTAIN, GEORGIA 30087

264 unitsclass A apartment community

$66,600,000

100.0% of portfolio

Seller
—
Property manager
BVEX
Sponsor

BVEX

Asset Type

Class A apartment community

Location

5141 stone mountain highway, stone mountain, georgia 30087

Units

264

Property Age

The property was completed in 2023, making it a newly built Class A apartment community.

Offering Price

$78,111,498

Offering Debt

$38,625,000

Offering Equity

$39,486,498

Offering LTV

49.45%

Income % (Yr. 1)

4.4%

Avg. Income (Full Term)

4.55%

Minimum Cash Investment

—

Minimum 1031 Investment

—

Strengths

  • 2023 construction provides modern Class A physical standards
  • Substantial $4.67M total reserve allocation

Concerns

  • Total offering markup expands equity requirement to $39.49M