FG Communities Candler Indian Creek DST
Manufactured Housing Community
Candler, NC
Candler, NC
51 unitsManufactured Housing Community
$5,050,000
100.0% of portfolio
- Seller
- —
- Property manager
- FG Communities
FG Communities Candler Indian Creek DST is a single-asset manufactured housing offering in Candler, NC, raising $6,042,049 in equity. The offering targets an initial Year 1 cash flow of 5.00% and an average 10-year term return of 5.75%. The trust holds a 51-unit community across 8.14 acres.
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 5.00%Term avg. 5.75%
Year-one distribution of 6.25% stepping to 7.20% by year seven.
The property
51-unit manufactured housing community in Candler, NC
$5,050,000 acquisition price
Sponsor
FG Communities
Asset Type
Manufactured Housing Community
Location
Candler, NC
Units
51
Property Age
—
Offering Price
$6,042,049
Offering Debt
$0
Offering Equity
$6,042,049
Offering LTV
0%
Income % (Yr. 1)
5%
Avg. Income (Full Term)
5.75%
Minimum Cash Investment
—
Minimum 1031 Investment
—
Strengths
- Projected Year 1 distribution of 5.00%
- Full-term average projected return of 5.75%
- 10-year target holding term
Concerns
- Single-asset submarket exposure
- Vintage/year built not disclosed