1031 CF Properties and its affiliates have launched the real estate investment firm’s 11th Delaware Statutory Trust, or DST, they announced Monday. The three-property assisted living and memory care portfolio includes 162 units and 197 beds in total in Longwood, FL; Oklahoma City, OK; and McKinney, TX.
A DST is a legally recognized trust, established under Delaware law, that allows multiple investors to collectively own an interest in real estate assets. DST offerings are designed for accredited investors seeking passive ownership of institutional-quality real estate with potential tax deferral benefits under Internal Revenue Code Section 1031.
“We’re excited to bring Senior Housing DST 11 to market,” 1031 CF Properties President and CEO Edward Fernandez said in a press release. “With demand for senior housing continuing to rise, this offering reflects our commitment to acquiring and managing high-quality properties that can provide monthly cash distributions and the potential for long-term appreciation through operational improvements and market growth.”
According to 1031 Properties, DST 11 features a balanced mix of stabilized, Class-A assets and a value-add opportunity, with a combined portfolio occupancy of 90%.
Since 2018, 1031 CF Properties and its affiliates have launched 14 real estate investment programs, including multiple offerings focused on assisted living and memory care communities.
“Previous offerings have been designed to support investors completing 1031 exchanges while gaining exposure to a sector poised for sustained demographic-driven demand,” the company said.
Senior Housing DST 11 is available exclusively through 1031 Crowdfunding, an online real estate platform specializing in alternative investments focused on tax deferral. 1031 Crowdfunding has been voted the No. 1 real estate crowdfunding platform for 1031 exchanges by The Real Estate Crowdfunding Review for due-diligence documentation.