CS1031 Vista Brooklyn Apartments, DST
10-story, 308-unit, Class A+, luxury, mixed-use community.
Features 12,969 square feet of ground-floor commercial and retail space and a parking garage. Fully equipped GE kitchens with quartz countertops, custom cabinets, subway tile kitchen backsplashes, and more.
Completed in 2021 and situated in Jacksonville’s historic and fast-growing Brooklyn/Riverside submarket. The community is adjacent to a Fresh Market grocery store-anchored shopping center. Within walking distance to many restaurants and the 72,000-square-foot Winston Family YMCA. Situated one mile southwest of downtown Jacksonville, on the banks of the St. Johns River. Located two blocks from the Interstate 95-Interstate 10 interchange.
As of November 2021, the average, in-place monthly rent was $1,931.
Source: 1. 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 Vista Brooklyn 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 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.
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LocationJacksonville, FL
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Overview
A 10-story, 308-unit, Class A+, luxury mixed-use community