Operations project a 5% initial distribution and 5.45% average return, supported by $1,075,000 in funded improvement reserves.
Ongoing fee rates
Asset Mgmt Fee (annual)
$75,000
Property Mgmt Fee
A
of monthly property management fee equal to 3.5% of the Gross Revenue
Disposition Fee
Three
of percent (3.0)% of the gross sales price of the Property
Trust Administration
The
Trust is required to pay the Delaware Trustee an initial fee, monthly fees, and document execution fees for its services. The Administrative Trustee will serve in such capacity without compensation.
Strengths
- 2024-built Class-A facility minimizes near-term operational obsolescence
Concerns
- Tenant occupancy and lease duration are not disclosed