Dallas Multifamily 59 DST

Dallas-Fort Worth MSA


Asset Class:Multifamily
Leverage0% - All-Cash/Debt-free
LocationDallas-Fort Worth MSA
Minimum Investment:$100,000
Current DistributionMonthly/Inquire
Offering Type:DST
1031 Exchange Qualified:Yes

Property Description

Cove Dallas Multifamily 59 DST is 159-unit garden-style community in the Dallas-Fort Worth MSA. The sponsor has elected to pursue a value-add strategy encompassing interior unit renovations, which include new quartz countertops, stainless steel appliances, upgraded plumbing & lighting fixtures, and wood-like flooring. Communal amenities include a swimming pool, fitness & business centers, grilling area, and on-site laundry facility. Located 20 minutes from downtown Dallas and is within 2.5 miles driving distance to multiple employers, restaurants, and retailers.

MSA Details

Dallas-Fort Worth led all major U.S. metros in terms of annual delivery volume in each of the past four years, and it was not particularly close. Over that span, the Metroplex added more than 100,000 rentals, exceeding New York City by 24,000 units, which was the second-highest-ranking market in that period. This year, Dallas-Fort Worth once again lays claim to the nation’s largest pipeline, though the pace of building has eased. Projected inventory growth of 2.5 percent in 2022 will be the slowest expansion in eight years. The moderation in development comes at a time when the market is adding new residents at an expedited clip, boding well for owners of existing complexes. In-migration to Dallas-Fort Worth is expected to surpass 70,000 new residents this year, a total that will lead the nation. As a result of the new people and households they create, apartment absorption will exceed deliveries in 2022, producing downward vacancy pressure and sustaining rent growth.

Property Highlights

  • 159-unit garden style community built in 1983 with continued plans of renovations
  • Unit amenities include: black appliances, faux wood flooring, two-inch blinds, brushed nickel hardware and fixtures, gooseneck kitchen faucets, modern lighting, two-tone paint, washer/dryer connections, spacious walk-in closets, cozy fireplace, breezy ceiling fan, patio/balcony, exterior storage, and resurfaced countertops
  • Community amenities include: sparkling swimming pool, state-of-the-art fitness center, business center, grilling area, controlled access gate, and on-site laundry facility
  • The Property is located 20 minutes from revitalized downtown Dallas With more than 135,000 employees
  • Proximate to multiple prominent employers, restaurants, and retailers
  • Near two higher education institutions with enrollment of more than 13,000 students; Lancaster Dallas College Cedar Valley Campus and University of North Texas Dallas.
  • Conveniently positioned near three major highways, Interstate 35, 20, and Highway 342.

    Source: Preliminary Information

    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.

    Featured Properties

    Property

    Houston Multifamily 42 DST

    • Houston, TX
    • $50,000 Minimum Investment
    • 1031 Exchange Qualified
    Learn More

    Property

    Net Lease Medical 52 DST

    • Pomona, CA
    • 0% - All-Cash/Debt-free
    • 1031 Exchange Qualified
    Learn More

    Property

    Acquisition Fund 3 LLC

    • Acquisition Fund
    • Offering Size: $25,000,000
    • 9.25% Annualized*
    Learn More

    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 FNEX Capital, member FINRA, SIPC.

    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.