Charlotte Mill House DST

Fort Mill, SC


Asset Class:Multifamily
Leverage49.5%
LocationFort Mill, SC
Minimum Investment:$100,000
Current DistributionMonthly/Inquire
Offering Type:DST
1031 Exchange Qualified:Yes

Property Description

Fort Mill DST (Mill House) is a 232-unit class A multifamily community. Mill House is strategically located off I-77 and Gold Hill. The area surrounding Mill House features countless single-family neighborhoods, employers, and retail centers. Residents also enjoy easy access to Charlotte’s two main employment hubs, Ballantyne and Downtown Charlotte. Having close proximity to I-77 and I-485 allows residents to get to anywhere they want within the Charlotte region.

MSA Details

Charlotte, North Carolina, referred to as “The Queen City,” is in the heart of Mecklenburg County in the North Carolina Piedmont region. The city’s population of nearly 700,000 people, with another 6.9 million residents within 100 miles, makes it the sixth largest urban area in the U.S. Offering a combination of laid back Southern charm, small town friendliness, and a robust business and commerce scene, Charlotte is one of the fastest growing metropolitan areas in the nation. As such, the city is a vibrant and popular choice for individuals looking to retire or relocate to the Southeast region.

Property Highlights

  • A 232 unit Class A multifamily community built in 2021
  • Unit amenities include quartz countertops, chef inspired kitchens, designer tile backsplash, stainless steel appliances, wood-style flooring, washer/dryers, large closets, patio/balcony, refrigerators and ceilings fans
  • Community amenities include a resort style saltwater pool, fitness center, business center, pet park, valet trash and cycling, and green space
  • The area surrounding Mill House features countless single-family neighborhoods, employers, and retail centers
  • Residents also enjoy easy access to Charlotte’s two main employment hubs, Ballantyne and -Downtown Charlotte
  • Strategically located off I-77 and Gold Hill
  • The property is visible from I-77; having close proximity to I-77 and I-485 allows residents to get to anywhere they want within the Charlotte region

    Source: Brochure, PPM, Google Maps

    The market information provided above may not predict the future performance of the property.

    *Distribution is not guaranteed and is subject to available cash flow. For further information about cash flow distributions from operations and capital events, please refer to the offering’s Private Placement Memorandum.

    All DST properties shown are subject to availability. There can be no assurance that the DST properties shown will be available.

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    Risks & Disclosures

    All DST properties shown are subject to availability. There can be no assurance that the DST properties shown will be available.

    All offerings shown are Regulation D Rule 506c offerings.

    This material has been prepared for accredited investors (generally described as having a net worth of over $1 million dollars exclusive of primary residence) and accredited entities only. If you are unsure if you are an accredited investor and/or an accredited entity, please verify with your CPA and Attorney prior to considering an investment.

    The information herein has been prepared for educational purposes only and does not constitute an offer to purchase securitie or real estate investments. Such offers are only made through the sponsors Private Placement Memorandum (PPM) which is solely available to accredited investors and accredited entities.

    IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax concepts, therefore you should consult your legal or tax professional regarding the specifics of your particular situation prior to considering an investment.

    This material is not to be interpreted as tax or legal advice. Please speak with your own tax and legal advisors for advice/guidance regarding your particular situation.

    There are risks associated with investing in real estate and Delaware Statutory Trust (DST) properties including, but not limited to, loss of entire investment principal, declining market values, tenant vacancies and illiquidity.

    Investors should read the PPM carefully before investing paying special attention to the risk section.

    Because investors situations and objectives vary this information is not intended to indicate suitability for any particular investor. Please speak with your CPA and Attorney to determine if an investment in real estate and DST properties is suitable for your particular situation/circumstances.

    Past performance is not indicative of future returns.

    Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated.

    There are significant limitations on the ability to sell or transfer interests.

    Expected cash flows and returns may not be realized and a loss of invested capital is possible.

    The Sponsor, Co-Sponsor, Master Tenant, Trustee & Affiliates will all receive substantial fees relating to the syndication, ongoing management and disposition of this offering.

    Securities offered through Growth Capital Services, Member FINRA and SIPC, Office of Supervisory Jurisdiction located at 582 Market Street, Suite 300, San Francisco, CA 94104.

    There are important risks specific to each tenant and their respective leases, including expiration dates, early termination options, renewal options and economics relating to rents paid and expense reimbursements. Should a tenant fail to meet their obligations, terminate early or fail to renew their lease it could have a material negative impact on the financial performance of this property.