BREX Briggs MF DST
BREX Briggs MF DST offers interests in a 490-unit multifamily community located in Mount Laurel Township, New Jersey. The total offering price is $160,916,131 with an equity raise target of $79,916,131 and projected Year 1 income of 4.65%.
Offering price
$60.0M
Price / unit
$240,000
Units
250
Property age
12 yrs
Year-one distribution of 6.25% stepping to 7.20% by year seven.
The property
$151,700,000 acquisition price
BREX Briggs MF DST
multifamily residential housing community
Mount Laurel Township, New Jersey
Mount Laurel Township, New Jersey
$151,700,000
100.0% of portfolio
Brookfield Real Estate Exchange LLC
Multifamily residential housing community
Mount Laurel Township, New Jersey
490
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$160,916,131
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$79,916,131
50.34%
4.65%
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