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CPA Arbour Commons DST property photo

CPA Arbour Commons DST

Sponsored by Core Pacific
Minimum Investment$100,000
Total Offering$170,739,000
Available Equity$96,150,000 100.00% available
Equity$96,150,000
Debt$74,589,000
In-Place LTV43.67% LTV
Average Yield3.77%
Est. Tax-Adjusted Yield¹10.49%
Cap Rate Equivalent7.80%
LocationCO
Estimated Hold Period10 years
721 Exchange ExitNone
Total Load12.52%
StrategyCore
StatusAvailable

Overview

$170.739M DST acquisition of Arbour Commons, a 394-unit multifamily community at 663 W. 148th Ave, Westminster, CO. Built in 2014 on approximately 28.23 acres, with $96.15M of equity and $74.589M of senior financing.

Highlights

394-unit suburban Denver apartment community.

Built in 2014; approximately 389,962 SF.

Fixed 4.20% financing described in the materials.

Initial interest-only period described in the materials.

Denver employment and transportation drivers.

Analysis

Insights

Key sensitivities are occupancy, rent growth, expenses, debt service, and exit value.

Advantages

Moderate leverage, fixed-rate debt, newer construction, and Denver-area demand.

Concerns

Single-asset exposure, operating and lease-up risk, illiquidity, and debt-refinancing risk.

Projected Distributions

Average Yield3.77%
Est. Tax-Adjusted Yield¹10.49%
Cap Rate Equivalent7.80%
Y13.65%
Y23.70%
Y33.80%
Y43.85%
Y53.90%
Y64.25%
Y73.25%
Y83.50%
Y93.75%
Y104.00%

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

LenderArbor Agency Lending / Freddie Mac
Interest Rate4.20% fixed
Loan Term10 years
I/O Period6 years
Amortization30 years
Y1 DSCRNot Disclosed

Benchmarks

Avg. Income
This deal3.77%
Market4.99%
Below Average
Growth
This deal16.44%
Market25.67%
Below Average
Peak
This deal4.25%
Market5.34%
Below Average

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.

Documents