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Moody Village Towers DST

Moody Village Towers DST is raising $136,250,000 in equity to acquire a 2019-vintage Class-A office and retail asset in Houston, Texas.

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%

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

The property

2019-Vintage Class-A Office/Retail Asset in Houston, TX

$184,000,000 acquisition price

Moody Village Towers DST

office building with retail space

Village Towers was developed in 2019, indicating a recently constructed Class-A mixed-use property.

9651 and 9655 Katy Freeway, Houston, Texas 77024

9651 and 9655 Katy Freeway, Houston, Texas 77024

office building with retail space

$184,000,000

100.0% of portfolio

Seller
Property manager
Moody National Companies
Sponsor

Moody National Companies

Asset Type

Office building with retail space

Location

9651 and 9655 Katy Freeway, Houston, Texas 77024

Units

Property Age

Village Towers was developed in 2019, indicating a recently constructed Class-A mixed-use property.

Offering Price

$136,250,000

Offering Debt

$74,500,000

Offering Equity

$136,250,000

Offering LTV

37.27%

Income % (Yr. 1)

Avg. Income (Full Term)

Minimum Cash Investment

Minimum 1031 Investment

Strengths

  • 2019 Class-A asset vintage
  • Houston Katy Freeway corridor location

Concerns

  • 8% total upfront offering load
  • Undisclosed property tenant roster