Cove Rose Rich Opportunity 60 DST
IN DUE DILIGENCE
|Leverage:||0.00% - All-Cash/Debt-Free|
|1031 Exchange Qualified:||Yes|
The Cove Rose Rich Opportunity DST is a 98% occupied, well located, debt free, multi tenant center with strong value add characteristics due to the favorable below replacement cost acquisition price as well as under market rents. Rose Rich is an opportunity for investors to participate in a debt free value add offering that seeks to grow investors income and equity appreciation potential overtime. The value add strategy consists of renewing and extending existing leases, an aggressive marketing and leasing campaign on vacant space and planned capital improvements at the property to enhance overall curb appeal and tenant relations/retention. The asset is well located in the Houston, TX metro area and investors will enjoy being in an income tax free state with strong population and job growth projected for the foreseeable future.
The Houston metro area attracts people with an entrepreneurial spirit and those who want to work at some of the country’s largest companies. Not only is Houston the hub of the oil and gas industries, but it’s also a major center of manufacturing and health care. The presence of these industries allows this region to weather economic downturns better than similarly sized metro areas. A paycheck goes further in Houston than it does in other major metro areas, with affordable housing and free or cheap attractions. Home to nearly 7 million residents in the metro area, Houston is attracting new people from across the country and around the world.
- Property is all-cash & debt-fee DST offering - No risk of Lender foreclosure.
- Located in the income tax free state of Texas.
- Strong currently yield potential with update potential Value-Add strategy.
- Located in the Houston, TX MSA The 5th largest metro area in the U.S.
- Shopping center boasts many national and regional tenants such as DD's Discounts, Melrose Family Fashion, T-Mobile, Family Dollar, Jackson Hewitt Tax Services, Citi Trends, Dollar Tree, Pizza Hut, EZ Pawn and more.
- Long term national tenancy.
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.