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Offering Summary

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CF Biscayne Multifamily DST

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CF Biscayne Multifamily DST is a $235,956,000 offering comprising a 380-unit multifamily community in Miami, Florida completed in 2024. The offering seeks $112,650,000 in equity and projects a 4.3% Year 1 income distribution.

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 4.30%Term avg. 4.30%

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

The property

380-unit 2024 multifamily community in Miami, Florida

— acquisition price

CF Biscayne Multifamily DST

380-unit, multifamily residential community

The property was built and completed in 2024, making it a newly constructed multifamily apartment and townhome community.

Miami, Florida

Miami, Florida

380 units380-unit, multifamily residential community

—

100.0% of portfolio

Seller
—
Property manager
Cantor Fitzgerald Investors, LLC
Sponsor

Cantor Fitzgerald Investors, LLC

Asset Type

380-unit, multifamily residential community

Location

Miami, Florida

Units

380

Property Age

The property was built and completed in 2024, making it a newly constructed multifamily apartment and townhome community.

Offering Price

$235,956,000

Offering Debt

$123,306,000

Offering Equity

$112,650,000

Offering LTV

52.3%

Income % (Yr. 1)

4.3%

Avg. Income (Full Term)

4.3%

Minimum Cash Investment

—

Minimum 1031 Investment

—

Strengths

  • Newly constructed 380-unit multifamily community completed in 2024.
  • Substantial equity capitalization of $112,650,000.

Concerns

  • Projected Year 1 distribution rate is 4.3%.