Cove Texas Build-to-Rent 97 DST
San Antonio, TX
| Asset Class: | Multifamily |
| Leverage: | 0% - All-Cash/Debt-Free |
| Location(s): | San Antonio, TX |
| Minimum Investment: | $100,000 |
| Offering Type: | DST |
| 1031 Exchange Qualified: | Yes |
Property Description
Texas Build-to-Rent 97 DST is an all-cash/debt-free multifamily asset featuring a newly constructed (2024) 83-unit highly amenitized built-to-rent community located in San Antonio, Texas. Units feature granite countertops, stainless steel appliances, a smart home package, walk-in closets, washer/dryer, and wood-style flooring. The community also offers access to a resort-style swimming pool, lazy river, fitness center, clubhouse, and playground. Additionally, a new sports court and amenity are under construction and will be completed shortly.
The offering provides investors with full optionality with its potential 721 exchange UPREIT exit strategy. This is preferred in that investors will be given the choice as to whether they want to participate in the 721 exchange or not.
Property Highlights
- All-cash/debt-free offering, no risk of lender foreclosure
- Brand new 2024 construction, 154,431 rentable square feet
- Strong value add play for investor equity growth potential
- Highly amenitized, resort-style living
- 721 Exchange Exit Strategy with FULL Investor Optionality
- Sponsor Co-Investment - helping create an alignment of interests between the sponsor and investors in the offering
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.
