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Offering Summary

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MCG Gainesville FL BTR DST

Preview Report

MCG Gainesville FL BTR DST offers $31,709,210 in equity to acquire a 172-unit build-to-rent residential community in Gainesville, Florida.

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. 4.50%

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

The property

172-Unit Class A+ Build-To-Rent Asset in Gainesville, FL

$51,025,000 acquisition price

MCG Gainesville FL BTR DST

single-family built-for-rent development

The property is a brand new Class A+ detached cottage-style housing community that was built in 2023.

7000 SW 91 Street, Gainesville, Florida 32608

7000 SW 91 Street, Gainesville, Florida 32608

172 unitssingle-family built-for-rent development

$51,025,000

100.0% of portfolio

Seller
—
Property manager
Madison Capital Group
Sponsor

Madison Capital Group

Asset Type

Single-family built-for-rent development

Location

7000 SW 91 Street, Gainesville, Florida 32608

Units

172

Property Age

The property is a brand new Class A+ detached cottage-style housing community that was built in 2023.

Offering Price

$31,709,210

Offering Debt

—

Offering Equity

$317,092

Offering LTV

—

Income % (Yr. 1)

4.5%

Avg. Income (Full Term)

4.5%

Minimum Cash Investment

—

Minimum 1031 Investment

—

Strengths

  • 172-unit 2023 Class A+ build-to-rent asset.
  • Located at 7000 SW 91 Street, Gainesville, FL.

Concerns

  • Single-asset concentration risk.
  • Appraised value is not disclosed.