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FREX DB Series I DST

FREX DB Series I DST

Morgantown, West VirginiaDST506c

Available Equity

Funded

0.25%

Minimum

$100,000

Product Highlights

Offering Price$75,983,939
Property Reserves$2,162,684
Loan to Value47.12%
Loan Term10 years
Interest Only Period10 years

Investment Amount

General terms

Investment Description

Domain at Town Centre is a 2012 vintage, stabilized 336-unit, 912-bed purpose-built student housing property serving West Virginia University (“WVU”). The property is located one mile from WVU’s campus and\ directly next to a main retail center, making it one of the best non-walkable student housing accommodations for WVU.

Product Details

Financial Details

Total Equity
$40,178,939
Total Debt
$35,805,000
Total Value
$123,567
Current Income
0%
Loan-to-Value
0%
Reserves
$12,345,678

Acquisition Details

Product Sponsor
Fortress Investment Group
Product Structure
DST
Asset Type(s)
unknown
Holding Period
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Liquidity
unknown
Risk Profile
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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, 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 maintained or enhanced, or that the Property will be sold within the planned time period. An investment
in the Interests involves substantial risks. See “Risk Factors.”

Visual Tour

FREX DB Series I DST - 1
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Sponsor Overview

Fortress delivers local expertise with a global perspective in 13 office locations worldwide. We believe that the depth and breadth of our resources—our intellectual capital, investment, origination, asset management and servicing capabilities, and our time-tested and disciplined processes—distinguish and differentiate our business.

Location Map

Morgantown, West Virginia
Map of Morgantown, West Virginia

Still have questions?

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QM

Quinn Morimoto

Product Specialist

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