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IDEAL Ecco Park DST property photo

IDEAL Ecco Park DST

Sponsored by IDEAL Capital Group
Minimum Investment$100,000
Total Offering$94,525,000
Available Equity$4,190,787 100.00% available
Equity$45,670,000
Debt$48,855,000
In-Place LTV51.68% LTV
Average Yield5.08%
Est. Tax-Adjusted Yield¹11.53%
Cap Rate Equivalent8.61%
LocationOH
Estimated Hold Period10 years
721 Exchange ExitNone
Total Load10.56%
StrategyCore-Plus
StatusComing Soon / Under Review

Overview

IDEAL Ecco Park DST is a $94.5 million Delaware Statutory Trust from IDEAL Capital Group offering Ecco Park, a 360-unit Class A multifamily community completed in 2024 on 23.73 acres at 3461 Huddle Way in Canal Winchester, Ohio, in the Columbus metro. The trust acquired the property for $83 million and placed a $48.86 million Freddie Mac loan fixed at 5.17% for ten years (interest-only through 2031), leaving $45.67 million of equity at a 51.68% LTV. A 15-year, 100% property-tax abatement on the improvements materially reduces operating expenses. The offering is made under Rule 506(c) with a $100,000 minimum for 1031 investors.

Highlights

Newly built (2024) 360-unit Class A multifamily community in the growing Columbus, Ohio metro.

15-year, 100% property-tax abatement on improvements that materially lowers operating costs.

$48.86M Freddie Mac loan fixed at 5.17% for 10 years, interest-only through 2031; 51.68% LTV.

Vertically integrated sponsor (IDEAL Capital Group) focused exclusively on multifamily, with over $3 billion developed or acquired across nine states.

$100,000 minimum (1031) / $25,000 (cash); offered under Rule 506(c).

Analysis

Insights

A leveraged, income-oriented Class A multifamily DST in a growing Midwest market where a 15-year, 100% tax abatement is the key differentiator. Best suited to 1031 investors comfortable with a newer asset and a single-market, no-721 structure.

Advantages

Brand-new 2024 construction with minimal near-term capex; 15-year tax abatement boosts net cash flow; fixed-rate agency (Freddie Mac) debt with an interest-only period through 2031; growing, lower-cost Columbus market.

Concerns

Recently delivered asset still stabilizing occupancy; leverage adds refinance risk at the 2036 loan maturity; single-asset, single-market concentration; standalone multifamily sponsor without an affiliated REIT for a 721 exit; projected distribution schedule not yet posted.

Projected Distributions

Average Yield5.08%
Est. Tax-Adjusted Yield¹11.53%
Cap Rate Equivalent8.61%
Y14.69%
Y24.69%
Y34.71%
Y44.97%
Y55.21%
Y64.74%
Y75.03%
Y85.25%
Y95.54%
Y105.93%

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

LenderWalker & Dunlop / Freddie Mac
Interest Rate5.17% (Fixed)
Loan Term10 years
I/O Period5 years
Amortization30 years (after I/O)
Y1 DSCR1.75x

Benchmarks

Avg. Income
This deal5.08%
Market4.99%
Meets Average
Growth
This deal26.44%
Market25.67%
Meets Average
Peak
This deal5.93%
Market5.34%
Meets 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.

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