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Offering Summary

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CS1031 Zero Coupon DFW Hospitality DST

The offering is a zero-coupon DST comprising a 188-unit full-service hotel in Fort Worth, Texas, renovated in 2024. The total offering price is $41,530,000 with a 77.78% LTV.

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 0.00%Term avg. 0.00%

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

The property

Single 188-Unit Renovated Hotel in Fort Worth

$37,145,000 acquisition price

CS1031 Zero Coupon DFW Hospitality DST

full-service hotel

The hotel property was completely renovated and reopened in 2024, indicating the current improvements date from 2024.

815 Commerce Street Fort Worth, Texas 76102

815 Commerce Street Fort Worth, Texas 76102

188 unitsfull-service hotel

$37,145,000

100.0% of portfolio

Seller
Property manager
Capital Square Realty Advisors, LLC
Sponsor

Capital Square Realty Advisors, LLC

Asset Type

Full-service hotel

Location

815 Commerce Street Fort Worth, Texas 76102

Units

188

Property Age

The hotel property was completely renovated and reopened in 2024, indicating the current improvements date from 2024.

Offering Price

$41,530,000

Offering Debt

$32,300,000

Offering Equity

$9,230,000

Offering LTV

77.78%

Income % (Yr. 1)

0%

Avg. Income (Full Term)

0%

Minimum Cash Investment

Minimum 1031 Investment

Strengths

  • Full-service hotel asset fully renovated in 2024
  • Single-asset structure located at 815 Commerce Street, Fort Worth, TX

Concerns

  • Zero ongoing distribution yield across the hold period
  • Hospitality asset concentration risk