CF Fleetwood Multifamily DST

Overview

CF Fleetwood Multifamily DST is a $150.8 million Delaware Statutory Trust offering $74.9 million of equity in 42 Broad, a 249-unit Class A multifamily community in Mount Vernon, New York. Built in 2023, the 16-story property contains approximately 204,389 net rentable square feet of residential space plus approximately 11,650 square feet of ground-level retail on 1.37 acres, with 580 garage parking spaces and a broad amenity package. The property was 93.2% occupied at an average monthly rent of $3,351 as of the May 25, 2026 rent roll and is financed with a $75.949 million Freddie Mac loan at a fixed 5.09% rate, interest-only for ten years to a July 1, 2036 maturity. The targeted ten-year analysis shows total return on capital increasing from 4.25% to 6.01%; results are targeted estimates, not guarantees.

Highlights

Analysis

Insights

The offering is a newer Class A multifamily asset with a transit-oriented Westchester location and a ten-year fixed-rate, interest-only loan that supports near-term cash-flow visibility but leaves the full principal balance due at maturity. The targeted return on capital rises from 4.25% in the initial 18-month analysis period to 6.01% in the final six-month period, driven by rent growth, operating assumptions, and additional/bonus rent mechanics. The principal underwriting dependencies are occupancy, rent collection, master-tenant performance, operating expenses, and the ability to sell or refinance before the July 2036 loan maturity.

Projected Distributions

Projected, not guaranteed. Distribution rates are the sponsor’s projections, are not a promise of performance, and can be reduced or suspended. ¹ Estimated Tax-Adjusted Yield reflects the projected impact of depreciation and amortization deductions at an assumed combined federal and state tax rate; individual tax outcomes vary — consult your CPA regarding your specific situation. Cap Rate Equivalent is a Baker 1031 Investments calculation intended to allow comparison with direct property ownership; it is not a sponsor-reported figure and does not represent a rate of return. See the private placement memorandum for the assumptions behind these figures.

Financing

Benchmarks

Benchmarks compare this offering’s projected figures against sector medians computed across current offerings tracked by Baker 1031 Investments as of the last-updated date shown. Benchmark data is internal, unaudited, and subject to change.

The Sponsor

Cantor Fitzgerald Founded 1945

Cantor Fitzgerald reaches the 1031 market through Cantor Fitzgerald Investors, leveraging the global capital-markets and brokerage muscle of its 1945-founded parent and its Newmark affiliation to source institutional-quality DSTs and feed its non-traded Cantor Fitzgerald Income Trust. With roughly $13 billion under management at Cantor Fitzgerald Asset Management as of early 2024 and a portfolio approaching 12 million square feet across multifamily and net-lease assets, the franchise blends investment-bank sourcing with an UPREIT exit path. Its Opportunity Zone partnership with Silverstein Properties extends the platform into ground-up development, broadening the tax-advantaged menu it can offer.

Sponsor figures are provided by the sponsor and have not been independently verified except as described in the offering materials. Past performance does not guarantee future results.

Documents

• Private Placement Memorandum (PPM)Download
• Private Placement MemorandumDownload