Griffin Capital Union DST
Griffin Capital Union DST
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Investment Description
The Property consists of approximately 6.25 acres of land, upon which is situated two four-story buildings and one, three-story parking garage. The Property provides residents with views of the Kansas City skyline and contains various amenities, including a resort style-pool, a dog park, multi-purpose sport court that includes pickleball, outdoor kitchen with grilling stations, fitness center, which includes a yoga studio, and a pet spa and grooming station. The Property contains a total of approximately 380,563 square feet of net leasable floor area across 407 apartment units and a total of 437 parking spaces.
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Investment Profile
Business Plan
The Sponsor’s business plan for the Property and its investment objectives for the Interests, will be to (i) preserve the Purchasers’ capital investment, (ii) make monthly distributions which may be partially tax-deferred as a result of depreciation and amortization expenses, and (iii) sell the Property at a profit within approximately five to ten years. See “Business Plan.” There is no guarantee that the objectives will be successfully achieved, that the Property’s value will be enhanced, or that the Property will be sold within the planned time period. An investment in the Interests involves substantial risks. See “Risk Factors.”
Sponsor Overview
Location Details
Frequently Asked Questions
A Delaware Statutory Trust (DST) is a unique real estate investment vehicle that allows a group of individual investors to purchase fractional interests in large commercial real estate assets. These assets are typically beyond the financial reach of solo investors. Here's how DSTs work and why they are relevant for real estate investors:
Formation and Sponsors:
- DSTs are created under Delaware trust law.
- Real estate companies (sponsors) form DSTs by identifying and acquiring assets using their own capital.
- The sponsor then opens an offering period, and individual investors purchase fractional shares of the DST.
- DST beneficiaries are passive investors, providing equity capital.
DST History:
- DSTs were established in 1988 with the passing of the Delaware Business Trust Act (later renamed the Delaware Statutory Trust Act in 2002).
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