Sponsor dossier
Who is behind the offering
Sponsor strength
Mercer Street
Mercer Street is a real estate investment and management firm with over 30 years of combined team experience and $3,500,000,000 in historical acquisitions and asset management across multiple property types. The firm maintains an established footprint in the Richmond MSA with 800 multifamily units across 8 communities and more than 1,000,000 square feet under management.
• Mercer owns and manages approximately 800 multifamily units across 8 communities in the Richmond MSA. • The company owns and manages more than one million square feet of residential and commercial properties.
Properties owned or managed
$3,500,000,000
Across all programs
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Prior DST offerings
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DST-held assets
The Sponsor’s officers, senior management, and key employees are responsible for managing the Signatory Trustee, but no specific employee count is provided.
Disclosed headcount
apartment community
Stated strategy
Scale vs peer sponsors
Bars show each measure as a share of the largest sponsor scale observed in the DST market. No peer benchmark dataset is wired in yet, so these are relative scale indicators only.
Mercer Street brings over 30 years of combined team experience across $3,500,000,000 in real estate transactions, managing approximately 800 multifamily units and over 1,000,000 square feet across the Richmond MSA.
Sponsor strengths
3Over $3.5 billion in collective lifetime real estate acquisitions and asset management
Manages 800 multifamily units across 8 properties directly in the local Richmond market
More than 1,000,000 square feet of commercial and residential property management footprint
Sponsor concerns
2Specific historical track record for prior Delaware Statutory Trust offerings not disclosed
Exact firm employee headcount not provided in excerpts