MCG Arden NC DST
MCG Arden NC DST
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Investment Description
The Trust has acquired a multifamily apartment community located on or about 10 Calm Water Drive, Arden, North Carolina 28704 (i.e., the “Property”). The Property is a newly-constructed boutique multifamily community, completed in 2024, featuring 86 units with an upscale community amenity package, and is located in an affluent area of Asheville, with highly sought-after school zoning, excellent connectivity and access to major routes and the Asheville Regional Airport, and access to outdoor recreation and desirable lifestyle amenities. The units have premium features, including granite countertops, 9-foot ceilings, stainless steel appliances, personal balcony, in-unit washers and dryers, keyless entry, and laminate wood styled floors throughout. The Property also features upscale community amenities, including a modern resident clubhouse, a fully equipped fitness center and yoga studio, outdoor social spaces, a fenced-in dog park, co-working spaces, and dedicated bike storage.
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Business Plan
The primary objectives of the Trust are to (i) conserve and protect the Property; (ii) enter into the Master Lease to create stable cash flow for the Trust’s beneficial owners; (iii) preserve the intrinsic value of the Property; and (iv) sell the Property after approximately 10 years.
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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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