Starboard Banks on Bradley Multifamily DST
Investment Details
Investment Sponsor: Starboard
Location: Washington
Current Yield: 4.41%
721 Exchange: None
Property Type: Multifamily
In-Place Loan: 46.09% LTV
Distribution Frequency: Monthly
Estimated Hold Period: 10 Years
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.
Business Plan: 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.
Investment Documents
Investment Sponsor
Starboard Realty Advisors, headquartered in Irvine, California, is a privately held, fully integrated real estate investment firm specializing in acquiring, developing, and managing multifamily and commercial properties across the United States. With nearly 40 years of experience, Starboard focuses on identifying well-located assets with growth potential, aiming to build wealth for investors through strategic acquisitions and proactive management. Their comprehensive platform encompasses the entire investment lifecycle, offering opportunities for those seeking to diversify their real estate portfolios.
Sponsor Historical Performance
4 Realized 1031 DST Investments
1.35x Equity Multiple
7.25% Average Annual Return
6.2 Year Average Holding Period
100% Investment Success Rate
