Altnvest
LibraryCS1031 Colony at Centerpointe Apartments DST
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Transaction Metrics

Processed

CS1031 Colony at Centerpointe Apartments DST

Preview Report

The 255-unit property, completed in 2016, was acquired for $74,600,000 at a 5.28% acquisition cap rate. Title and recording costs total $436,061, with third-party due diligence expenses of $50,000.

Valuation ladder

Acquisition price$74.60M
Offering price$84.72M+13.6%

Cap rate spread & load

Acquisition cap rate5.28%
Upfront load on offering4.89%
Load on equity9.65%
Load net of reserves-2.01%
Acquisition Price

$74,600,000

Offering Price

$84,724,000

Appraised Value

—

Upfront Load

—

Load on Equity

—

Load on Offering Price

—

Acquisition Cap Rate

5.28%

Syndicated Cap Rate

—

Premium / Discount

—

Appraisal / Offering %

1%

Less Reserves %

—

Strengths

  • Acquisition cap rate of 5.28% in Midlothian, VA
  • Clear closing costs breakdown

Concerns

  • Appraised value is not disclosed in the documentation