CS1031 One Riverside Apartments, DST
One Riverside is a 280-unit apartment community located in Hamilton County, approximately two miles from downtown Chattanooga. Completed in 2020, One Riverside offers one- and two-bedroom units, complete with high-end luxury interior finishes that include quartz kitchen and bathroom countertops, stainless steel appliances, faux wood floors and more.
This highly amenitized property is located near numerous employers and community points of interest, such as the Tennessee Riverwalk, a 16-mile hike-and-bike trail that connects the property to downtown Chattanooga. Additional nearby attractions include the Walnut Street Pedestrian Bridge, the Tennessee Aquarium and Hunter Museum of American Art. The community is also near AT&T Field, home of the Chattanooga Lookouts, the Double-A Minor League Baseball affiliate of the Cincinnati Reds. One Riverside is less than one-half-mile from Erlanger Baroness Hospital and Children’s Hospital at Erlanger, which are located on the same campus. The campus also houses the headquarters of the Erlanger Health System. One Riverside is approximately a 20-minute drive from Enterprise South Industrial Park, which is home to an Amazon fulfillment center and the only Volkswagen plant in the United States.
The property is in the Chattanooga East submarket, a location with high barriers to entry and an occupancy rate of 98.1% as of September 2021. Only one other property is under construction within a three-mile radius of the property.1
Source: Yardi Matrix
* Tax-Advantaged” refers to any type of investment that is either exempt from taxation, tax-deferred, or that offers other types of tax benefits. Capital Square is a national sponsor of investment opportunities that can provide such benefits via our 1031 exchange and opportunity zone offerings, among others. Securities offered through WealthForge Securities, LLC, the managing broker-dealer for the CS1031 One Riverside Apartments, DST offering and member FINRA/SIPC. Capital Square and WealthForge are not affiliated.
Consider the Risks: An investment in the Interests involves substantial investment and tax risks, including, without limitation, the following risks:
- Past performance is not a guarantee of future results.
- The economic success of the Interests will depend upon the results of operations of the Property. Fluctuations in vacancy rates, rent schedules, and operating expenses can adversely affect operating results or render the sale or refinancing of the Property difficult or unattractive.
- The Master Tenant’s capitalization is supported solely by the cash flow from the underlying tenant lease. The Sponsor is not under any obligation to contribute capital to the Master Tenant.
- No assurance can be given that future cash flow will be sufficient to make the debt service payments on any borrowed funds and also cover capital expenditures or operating expenses.
- No assurance can be given that Beneficial Owners of Interests will realize a substantial return (if any) on their investment or that they will not lose their entire investment in the Trust.
- There are various risks associated with owning, financing, operating, and leasing commercial properties in Tennessee.
- The Interests are not freely transferable by the Beneficial Owners.
- The Interests do not represent a diversified investment.
- Beneficial Owners must completely rely on the Master Tenant to collect the rent and operate, manage, lease, and maintain the Property.
- The Beneficial Owners have no voting rights with respect to the management or operations of the Trust or in connection with the sale of the property.
- There are various conflicts of interest among the Trust, the Sponsor, the Signatory Trustee, and their Affiliates.
- The Interests are illiquid.
- There are tax risks associated with an investment in the Interests.
- There are risks related to competition from properties similar to and near the property.
- There may be environmental risks related to the property.
- Private Placements are speculative.
-
LocationChattanooga, TN
-
Overview
A 280-unit apartment community located in Hamilton County, approximately two miles from downtown Chattanooga, Tennessee