CS1031 The Villages at Miami Gardens BFR Housing, DST
The Villages at Miami Gardens is a recently constructed build-for-rent community composed of 50 single-family-style townhomes located in the Miami-Dade MSA, with a mix of three- and four-bedroom units. Units boast high-end finishes with a mix of porcelain and vinyl flooring, stainless steel appliances, in-unit stackable washer/dryer, white quartz countertops, European cabinetry, central air conditioning, recessed lighting and impact windows. The property is one of only 12 build-for-rent townhome communities in Miami-Dade (752 units total), with just seven built since 2021.
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 residential properties in Florida.
- 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.
Securities offered through WealthForge Securities, LLC, the managing broker dealer for the CS1031 The Villages at Miami Gardens BFR Housing, DST offering and member FINRA/ SIPC. Capital Square and WealthForge are not affiliated.
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LocationMiami Gardens, FL
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Overview
The Villages at Miami Gardens is a recently constructed build-for-rent community composed of 50 single-family-style townhomes located in the Miami-Dade MSA, with a mix of three- and four-bedroom units.