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Offering Summary

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Cottonwood Riverfront DST

Cottonwood Riverfront DST is acquiring a 285-unit multifamily property in West Sacramento, CA for $108,400,000, capitalized with $74,946,000 equity and $42,556,000 debt.

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%

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

The property

285-unit multifamily property in West Sacramento, CA

$108,400,000 acquisition price

Cottonwood Riverfront DST

multifamily rental property

The property, 805 Riverfront, was completed in November 2023.

805 Riverfront Street, West Sacramento, California

805 Riverfront Street, West Sacramento, California

285 unitsmultifamily rental property

$108,400,000

100.0% of portfolio

Seller
Property manager
CC Exchange TRS, Inc.
Sponsor

CC Exchange TRS, Inc.

Asset Type

Multifamily rental property

Location

805 Riverfront Street, West Sacramento, California

Units

285

Property Age

The property, 805 Riverfront, was completed in November 2023.

Offering Price

$74,946,000

Offering Debt

$42,556,000

Offering Equity

$74,946,000

Offering LTV

39.26%

Income % (Yr. 1)

Avg. Income (Full Term)

Minimum Cash Investment

Minimum 1031 Investment

Strengths

  • New 2023 vintage 285-unit multifamily property
  • Conservative 39.26% offering LTV

Concerns

  • Single-property geographical concentration in West Sacramento