Operations are structured around a master tenant lease with $1,750,000 in dedicated master tenant and improvement reserves. Base Year 1 distributions are set at 4.97%, scaling to an average of 6.12% across the 10-year term.
Ongoing fee rates
Asset Mgmt Fee (annual)0.40%
Asset Mgmt Fee (annual)
0.40%
Master Tenant Income
$1,750,000
Strengths
- Projected full-term average distribution reaches 6.12%
- Dedicated reserves for property improvements
Concerns
- Property ages include 1996 and 1997 vintages