Passco Riverside DST
Sponsored by Passco
265-unit apartment community on approximately 11.68 acres, offering 1-, 2-, and 3-bedroom apartment units.
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Offering terms
- Minimum investment
- $25,000
- Yr 1 distribution
- 4.35%
- Avg distribution
- 4.55%
- Projected hold
- 10 yrs
- Offering size
- $89.7M
- Equity raise
- $48.9M
- Loan-to-value
- 45.5%
- 721 exit
- Optional
Projected distributions by year
Capital structure
- Equity
- $48,900,000
- Debt
- $40,801,000
- Total
- $89,701,000
Overview
265-unit apartment community on approximately 11.68 acres, offering 1-, 2-, and 3-bedroom apartment units. It consists of four residential buildings, five garage buildings, one maintenance garage/car wash building.
Unit amenities include eat-in island kitchens with pendant lighting, quartz countertops in kitchens, 42-inch custom cabinetry, stainless steel appliance package, subway tile kitchen backsplash, gooseneck kitchen faucet, granite vanity tops, vanities with double sinks, garden-style bathtubs, stand-alone showers, linen cabinets, designer plank flooring, 2-inch blinds, ceiling fan in living room, oversized closets, in-home washer and dryer, and patios/balconies.
Community amenities include a rooftop covered terrace with TV and dining, club-quality fitness center with yoga studio and outdoor fitness deck, two bark parks with agility courses, co-working space with business center, saltwater pool with sun shelf and night lighting, EV charging stations and a community recycling program, premium coffee and tea bar, fire pit with seating, controlled access buildings, self-service pet spa, bike storage and repair station, car care center, two summer kitchens with outdoor seating, community zen garden with meditation space.
Cincinnati is among the top markets in the country for rent growth, as modest construction activity during the pandemic and balanced population growth compared to other regions in the country helped maintain healthy rent growth over recent quarters.
Projected distributions are the sponsor's estimates of annual cash flow on invested equity. They are not guaranteed, may change or stop, and may include a return of capital. LTV is the offering's debt divided by its total capitalization. Information reflects my offering records as of October 28, 2026 and may have changed. This page is not an offer to sell or a solicitation of an offer to buy any security; offers are made only through the offering documents to eligible investors.
