Cantor Fitzgerald CF Westshore DST
Limited Availability
Overview
CF Westshore Multifamily DST owns The Residences at Westshore Marina, a 351-unit, multifamily residential community located in Tampa, Florida.
Key Investment Features
Structure
Delaware Statutory Trust (DST)
Investment Sponsor
Cantor Fitzgerald
Property Type(s)
Multifamily
Location(s)
FL
Occupancy
93.70%
721 Exchange / UPREIT
None
Minimum Investment
$100,000
Investment Strategy
Some Value Add
Year 1 Yield
4.25%
In-Place Loan
55.16% LTV
Avg. Remaining Lease Term
N/A
Cash Flow Forecast
Year 1
Year 2
Year 3
Year 4
4.25%
4.25%
4.31%
4.35%
Year 5
Year 6
Year 7
Year 8
4.61%
4.88%
5.03%
Sold
Year 9
Year 10
Sold
Sold
Investment Highlights
Founded in 1945, Cantor Fitzgerald is a global financial services firm that owns Newmark, which acquired Grubb & Ellis during the Great Recession. The firm has more than 160 offices in 22 countries. Cantor Fitzgerald has completed $296 billion in real estate-related transactions since 2019.
Tampa MSA population grew 1.5 % in 2024, among the fastest in the U.S.
Effective rents in South Tampa forecast +3.1 % annually through 2028
$3B Water Street Tampa redevelopment and $1.5B airport modernization driving long-term growth.
Advantages
Newly built Class A mid-rise (2019) with 93.7% occupancy and proven rent growth in a high-end community.
Weaknesses
Most Cantor Fitzgerald DSTs are currently underperforming
Value add plans are only to half of the units
Rising tax and insurance burdens across Florida multifamily since 2022
Located on the water, high hurricane risk