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CS1031 Richmond Active Living Apartments, DST

Available  •  Capital Square

CS1031 Richmond Active Living Apartments, DST

Investment Overview

Everleigh Short Pump includes 165 units composed of one-, two- and three-bedroom units with nine foot ceilings and kitchen islands.

Investment Highlights

  • Everleigh Short Pump is a Class A, active adult 55+ age-restricted community composed of one-, two-, and three-bedroom units with nine-foot ceilings and kitchen islands, located within the greater Richmond MSA.
  • The property is currently 95.7% occupied and has averaged approximately 96.3% occupancy over the previous two years.
  • The management team reports an extremely high 83% retention rate. Many residents who moved in when the project opened are still in occupancy.
  • Active adult communities are known to benefit from a stable resident base, providing more dependable rental income.
  • Capital Square: $6.2 billion assets under management, 120+ team members, 135+ sponsored investment offerings.

Quick Facts

Sponsor

Capital Square

Status

Available

Property Type

Senior Living

Location

VA

Estimated Hold Period

7-10 Years

In-Place Loan

54% LTV

721 Exchange Exit

Optional

Current Yield

4.5%

Average Yield

4.73%

Est. Avg. Tax-Adjusted Yield⁴

6.1%

Cap Rate Equivalent⁵

7.32%

Contact

Smiling man in glasses and navy blazer standing in a blurred indoor office setting

Gerald F. "Jerry" Baker, III

Founder, Managing Principal

D 415.579.1660

M 415.278.8503

E jerry@baker1031.com

Income Forecast

4.5%

Year 1

4.55%

Year 2

4.63%

Year 3

4.68%

Year 4

4.96%

Year 5

5.32%

Year 6

4.08%

Year 7

4.46%

Year 8

4.84%

Year 9

5.24%

Year 10

Property images depicted may not be pictures of properties in any current offering and may be representative.

Investment opportunities presented herein are subject to immediate change and may be withdrawn without prior notice. Availability is fluid and often fluctuates rapidly; an offering may close before updated notification is provided. Investors are strictly advised to contact their authorized representative to confirm the current status of any investment prior to committing funds.

The information provided above is for summary purposes only and may be incomplete, outdated, or contain technical inaccuracies. This summary is qualified in its entirety by, and should be read in conjunction with, the relevant Private Placement Memorandum (PPM) and all associated supplements. Prospective investors must rely solely on the PPM and formal offering documents when evaluating the merits and risks of an investment.

⁴Sponsor's Cost Segregation analysis is currently incomplete; therefore, to estimate depreciation benefits, it is assumed the investor is in a 40% combined marginal tax bracket with no current depreciation basis in the property outside of this investment. Average income shielding for this DST is estimated at 45% based on standard IRS straight-line depreciation recovery periods for commercial real estate (39 years), as detailed in this Commercial Real Estate Depreciation Guide. Please refer to the Private Placement Memorandum (PPM) for specifics regarding a cost segregation; notably, even if the Trust does not perform a property-wide study, an individual investor may have the right to commission a private cost segregation study for their specific fractional interest to potentially unlock accelerated or "bonus" depreciation through a change in accounting method.

⁵The "Net-Adjusted Equivalency Cap Rate" is a comparative metric designed to normalize the returns of an all-inclusive Delaware Statutory Trust (DST) against a direct-ownership Net Lease (NNN) property. This metric is calculated by "reversing" a target cash-on-cash return to reconstruct a required Net Operating Income (NOI), adding back debt service and amortizing estimated acquisition, financing, and disposition "friction" costs over a 10-year holding period. This calculation is provided for educational and illustrative purposes only and is not a guarantee of future performance or an offer to sell securities. Limitations include the reliance on generalized market assumptions; individual property performance, actual interest rates, and specific transaction costs will vary. This should not be used as the primary basis for any investment decision. Estimates are derived from the following industry benchmarks: Acquisition Costs (2.5% - NAR Commercial), Loan Fees (1.0% - CREFC Guidelines), Sale Costs (6.0% - Altus Group), and Debt Assumptions (6.5% Interest/30-Yr Amort. - Select Commercial).