Offering Summary — DST Underwriting

NREX II DST is an all-equity syndication offering $116,607,479 in trust equity across four retail and industrial properties. The targeted Year 1 cash distribution rate is 5.25% on a 20-year term.

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 1

Yr 1 5.25%

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

The property

Four-Property Retail and Industrial Portfolio

$108,153,437 acquisition price

NREX II DST

Retail Properties and Industrial Properties

Henderson Square was built in 2000 and Elston Plaza was built in 1983, indicating the grocery-anchored retail properties in the Nuveen Real Estate Exchange II DST portfolio were constructed in 2000 and 1983, respectively.

3572 and 3580 North Elston Avenue Chicago, Illinois 60618

235 Hembree Park Drive Roswell, Georgia 30076

314 S. Henderson Road King of Prussia, Pennsylvania 19406

11877 South Rana Toro Place/ 7017 W 11800 S Herriman, Utah 84096

3572 and 3580 North Elston Avenue Chicago, Illinois 60618; 235 Hembree Park Drive Roswell, Georgia 30076; 314 S. Henderson Road King of Prussia, Pennsylvania 19406; 11877 South Rana Toro Place/ 7017 W 11800 S Herriman, Utah 84096

Retail Properties and Industrial Properties

$108,153,437

100.0% of portfolio

Seller: —
Property manager: Nuveen Real Estate Exchange LLC

Sponsor

Nuveen Real Estate Exchange LLC

Asset Type

Retail Properties and Industrial Properties

Location

Units

—

Property Age

Offering Price

$116,607,479

Offering Debt

Offering Equity

$116,607,479

Offering LTV

Income % (Yr. 1)

5.25%

Avg. Income (Full Term)

—

Minimum Cash Investment

—

Minimum 1031 Investment

—

Strengths

Projected Year 1 distribution rate of 5.25%
Total offering size of $116,607,479 fully equity-funded

Concerns

Extended 20-year stated term horizon