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CS1031 Cacema Townhomes DST

CS1031 Cacema Townhomes DST is offering $41,850,000 in equity alongside $33,405,000 in debt to acquire a 176-unit 2024-built townhome community in Kissimmee, FL. Initial Year 1 cash yield is projected at 4.4%, with an average full-term yield of 4.78%.

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. 4.78%

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

The property

176-Unit 2024-Vintage Multifamily Community

$65,200,000 acquisition price

CS1031 Cacema Townhomes DST

The property was completed in 2024, making it a recently constructed Class A multifamily townhome community.

2670 Meadow Creek Road Kissimmee, Florida 34741

2670 Meadow Creek Road Kissimmee, Florida 34741

176 units

$65,200,000

100.0% of portfolio

Seller
Property manager
Capital Square Realty Advisors, LLC
Sponsor

Capital Square Realty Advisors, LLC

Asset Type

Location

2670 Meadow Creek Road Kissimmee, Florida 34741

Units

176

Property Age

The property was completed in 2024, making it a recently constructed Class A multifamily townhome community.

Offering Price

$75,255,000

Offering Debt

$33,405,000

Offering Equity

$41,850,000

Offering LTV

44.39%

Income % (Yr. 1)

4.4%

Avg. Income (Full Term)

4.78%

Minimum Cash Investment

Minimum 1031 Investment

Strengths

  • 2024 vintage 176-unit Class A townhome asset
  • Moderate leverage at 44.39% LTV

Concerns

  • 9.65% load on equity
  • Appraised value not disclosed