Operating parameters include a 5.5% acquisition cap rate, $500,052 in lumped reserves, and Delaware trust administration fees of approximately $300 annually.
Ongoing fee rates
Property Mgmt Fee5%
Asset Mgmt Fee (annual)
$12,000
per year
Property Mgmt Fee
5%
Disposition Fee
Four
percent (4%)
Trust Administration
The
annual fees are currently approximately $300 in Delaware.
Strengths
- Delaware annual trust administration fees are minimal at ~$300
Concerns
- Project vintage and exact property age are not disclosed
- Submarket occupancy and demographic metrics are not disclosed