Operating cash flows project a Year 1 distribution rate of 4.81% and an average distribution rate of 5.15% across the full term.
Ongoing fee rates
Asset Mgmt Fee (annual)1.50%gross revenues of the Property
Disposition Fee2.0%
Asset Mgmt Fee (annual)
1.50%
of gross revenues of the Property
Property Mgmt Fee
A
of monthly property management fee equal to the greater of (i) 3.00% of the gross revenues from operations generated by the Property during the applicable month or, (ii) $1,500, payable in arrears
Disposition Fee
2.0%
Refinancing Fee
The
Trust does not utilize permanent financing, which eliminates the need for refinancing during the anticipated hold period.
Trust Administration
The
Trust is required to pay the Delaware Trustee an initial fee, monthly fees, and document execution fees for its services.
Strengths
- Initial 4.81% distribution with full-term average of 5.15%
- Funded reserve pool of $334,000
Concerns
- Revenue generation is reliant on single-facility tenant performance