Altnvest
LibraryLSC Fort Washington MD DST
Back to Offering

Offering Summary

Processed

LSC Fort Washington MD DST

The offering is a 150-unit active adult senior residential community in Fort Washington, MD, acquired for $34,250,000 with a projected Year 1 income of 4.6% and average full-term income of 5.3%.

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 4.60%Term avg. 5.30%

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

The property

150-Unit Senior Community in Fort Washington, MD

$34,250,000 acquisition price

LSC Fort Washington MD DST

multifamily residential community for seniors

The property, a multifamily residential community for seniors known as Chestnut Oaks, was built in 2007.

1800 Palmer Road Fort Washington, Maryland 20744

1800 Palmer Road Fort Washington, Maryland 20744

150 unitsmultifamily residential community for seniors

$34,250,000

100.0% of portfolio

Seller
Property manager
Livingston Street Capital, LLC
Sponsor

Livingston Street Capital, LLC

Asset Type

Multifamily residential community for seniors

Location

1800 Palmer Road Fort Washington, Maryland 20744

Units

150

Property Age

The property, a multifamily residential community for seniors known as Chestnut Oaks, was built in 2007.

Offering Price

$21,530,000

Offering Debt

$21,200,000

Offering Equity

$21,530,000

Offering LTV

49.6%

Income % (Yr. 1)

4.6%

Avg. Income (Full Term)

5.3%

Minimum Cash Investment

Minimum 1031 Investment

Strengths

  • Projected full-term average income of 5.3%
  • Specialized senior residential sector focus

Concerns

  • Year 1 initial income starts at 4.6%
  • Property constructed in 2007