Cove San Antonio Multifamily 74 DST

San Antonio, TX


Asset Class:Multifamily
Leverage:0%/100% Debt-Free
Location(s):San Antonio, TX
Minimum Investment:$25,000
Current Distribution:Monthly/Inquire
Offering Type:DST
1031 Exchange Qualified:Yes

Property Description

San Antonio Multifamily 74 DST is a 102-unit with one-, two-, and three-bedroom floorplans, all with modern amenities. Unit amenities include designer lighting & hardware, granite countertops, stainless-steel or black appliances, large closets, patios/balconies, and wood-style plank flooring. The community also benefits from a resort-style swimming pool with a cabana, fitness center, door-to-door trash pick-up, extra storage, outdoor kitchen pavilion, coffee bar, and a bark park. Minutes away from Downtown San Antonio and the Southtown District, residents have access to a diverse array of modern and historical neighborhoods, activities, and cuisine.

MSA Details

Alamo City, Military City USA, and River City are all nicknames representing San Antonio as a powerhouse in economic and cultural diversity, entertainment, and military stability. The MSA’s 1.22 million-strong labor force boasts of 400 corporate headquarters, world-class hospitals and bioscience research campuses, 189,000 jobs supported by the five active US military bases, and supreme manufacturing and supply chain corridors. This results in a resilient employment base supplied by the local talent of over 150,000 enrolled university students. 39 million annual visitors are immersed in the experience of world-renowned entertainment and retail options via Six Flags, Sea World, The River Walk, San Antonio Spurs and Alamodome, and The Rim. Low cost of living, desirable climate, expansive outdoor amenities, pro-business local and state governance, and growth-oriented infrastructure collectively generate San Antonio’s superior live, work, and play offering.

Property Highlights

  • All-Cash/Debt-Free Offering
  • 102 unit multifamily asset in thriving San Antonio, TX
  • Strong value add play for investor equity growth potential
  • Located in Texas - a Pro-Business and income tax free state
  • 721 Exchange rollup as a potential exit strategy

Source: Brochure, PPM, Google Maps, CoStar

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.

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Risks & Disclosures

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 FINRASIPC.

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.