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Offering Summary

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Velocis Maple Grove BTR DST

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Velocis Maple Grove BTR DST is raising $11,310,634 of equity to acquire a 66-unit built-to-rent community in Ruther Glen, VA built in 2023. The offering targets a 5.01% Year 1 yield and a 5.17% average income over the hold period.

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 5.01%Term avg. 5.17%

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

The property

Single-asset 66-unit built-to-rent community in Ruther Glen, VA

$18,000,000 acquisition price

Velocis Maple Grove BTR DST

Built-to-Rent

The Maple Grove property was built in 2023.

7132 Maple Grove Way, Ruther Glen, VA

7132 Maple Grove Way, Ruther Glen, VA

66 unitsBuilt-to-Rent

$18,000,000

100.0% of portfolio

Seller
—
Property manager
Velocis Exchange, LLC
Sponsor

Velocis Exchange, LLC

Asset Type

Built-to-Rent

Location

7132 Maple Grove Way, Ruther Glen, VA

Units

66

Property Age

The Maple Grove property was built in 2023.

Offering Price

$11,310,634

Offering Debt

$10,117,000

Offering Equity

$11,310,634

Offering LTV

47.21%

Income % (Yr. 1)

5.01%

Avg. Income (Full Term)

5.17%

Minimum Cash Investment

—

Minimum 1031 Investment

—

Strengths

  • Initial Year 1 projected distribution rate of 5.01%
  • Average projected income of 5.17% over the hold term
  • Conservative 47.21% offering LTV

Concerns

  • Single-asset DST structure with no geographic diversification
  • Up to 6.00% selling commission load on equity proceeds