Time Equities 192nd West Lofts DST
Limited Availability
Overview
The Property is a 163-unit, 3-building class-A multi-family garden style apartment complex located in the Fisher’s Market East neighborhood of Vancouver, Washington, approximately 10 miles from downtown Portland, Oregon. Built in 2021, the Property is currently 91% leased. Property amenities include a lounge, business center, fitness center, and electric car charging, pet grooming, and package receiving stations.
Sponsor plans to pursue an accretive financing of the Property, depending on capital market conditions and interest rates in a timeframe estimated to be prior to the 3rd anniversary of the last TIC owner to close on a TIC interest in the Property.
Key Investment Features
Structure
Tenancy in Common (TIC)
Investment Sponsor
Time Equities
Property Type(s)
Multifamily
Location(s)
WA
Occupancy
96%
721 Exchange / UPREIT
None
Minimum Investment
$100,000
Investment Strategy
Buy & Hold
Year 1 Yield
5.00%
In-Place Loan
No Loan; All-Cash
Avg. Remaining Lease Term
N/A
Cash Flow Forecast
Year 1
Year 2
Year 3
Year 4
5.00%
5.06%
5.25%
5.65%
Year 5
Year 6
Year 7
Year 8
6.06%
6.49%
6.93%
Sold
Year 9
Year 10
Sold
Sold
Investment Highlights
The Property’s residents benefit from convenient commuting proximity to downtown Portland’s business and urban hub while being located in Washington (an income tax-free state).
Advantages
The Sponsor has modified the conventional TIC structure to be more investor-friendly.
Weaknesses
The Portland market may be challenging to lease.
Washington is not a landlord-friendly state.