Offering Summary — DST Underwriting

Inland Mokena Senior Living DST is raising $86,840,527 in equity for a 156-unit senior living property in Mokena, IL. The offering is unleveraged, features a $100,000 minimum investment, and targets a 4.5% Year 1 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 4.50%Term avg. 4.65%

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

The property

156-Unit Senior Living Community in Mokena, IL

$72,000,000 acquisition price

Inland Mokena Senior Living DST

Senior Living Community with Multiple Care Levels

Clarendale of Mokena was built in 2015, approximately 11 years old as of the Offering.

21536 Wolf Road, Mokena, Illinois 60448 ("Clarendale of Mokena")

156 unitsSenior Living Community with Multiple Care Levels

$72,000,000

100.0% of portfolio

Seller: —
Property manager: Inland Private Capital Corporation (IPC)

Sponsor

Inland Private Capital Corporation (IPC)

Asset Type

Senior Living Community with Multiple Care Levels

Location

21536 Wolf Road, Mokena, Illinois 60448 ("Clarendale of Mokena")

Units

156

Property Age

Clarendale of Mokena was built in 2015, approximately 11 years old as of the Offering.

Offering Price

$86,840,527

Offering Debt

Offering Equity

—

Offering LTV

N/A - All-Cash at Trust level

Income % (Yr. 1)

4.5%

Avg. Income (Full Term)

4.65%

Minimum Cash Investment

$100,000

Minimum 1031 Investment

—

Strengths

No debt financing at the trust level eliminates default and interest rate risk.
Property occupancy is solid at 94.23% across 156 units.

Concerns

Year 1 cash flow is projected at a moderate 4.5%.
Single-asset concentration in Mokena, Illinois.