Starboard Bradley Multifamily DST

Investment Description

Starboard Bradley DST is offering accredited investors the opportunity to acquire interests in a Delaware Statutory Trust that owns the multifamily, garden-style, low-rise apartment community known as “The Banks on Bradley.” Completed in 2024, this 144-unit Class A property is located in Richland, Washington, and features an array of amenities and high-end improvements.

Investment Highlights

• Starboard Bradley DST owns the multifamily, garden-style, low-rise apartment community known as “The Banks on Bradley.” Completed in 2024, this 144-unit Class A property is located in Richland, Washington, and features an array of amenities and high-end improvements.

• Kennewick-Richland Metropolitan Statistical Area boasts a median household income of $87,523, or 10.69% higher than the national median household income.

• The Property is situated near the region’s second largest employer, Kadlec Regional Medical Center, which provides residents with access to both accessible healthcare and relatively stable, healthcare-related employment opportunities.

• While the Property is a newly constructed community featuring desirable amenities and modern unit finishes, the Sponsor believes there is potential upside in both adding new amenities and enhancing existing ones, as well as upgrading unit interiors. These improvements are intended to increase the Property’s overall appeal and may contribute to improved property performance.

• The Sponsor has reserved funds it believes are sufficient to support the planned capital improvements, along with a 10-year capital budget designed to cover necessary expenditures for proper upkeep of the community throughout the anticipated 10-year hold period.