CS1031 SE Apartment Portfolio, DST

CS1031 SE Apartment Portfolio, DST

First Year Cash Return: 5.61 %
Property Type: Multi-Family
*Final numbers are subject to change upon loan cloasing.

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The unemployment rate was 2.8% in the Augusta-Richmond County, Georgia-South Carolina metropolitan statistical area as of November 2019.1 • Fort Gordon, the area’s largest employer with over 29,000 military, civilian and contractor employees, is a major contributor to economic growth in the region.2 • In November 2019, Site Selection magazine named Georgia as the top state with the Best Business Climate for a record seventh year in a row, reflecting its attractive workforce, infrastructure, business costs and economic development policies.3 • The Augusta-Aiken apartment market had an occupancy rate of 96.2% and year-to-date annualized rent growth of 2.4% as of September 2019.4 • REIS forecasts an average annual rent growth of 2.8% and an average occupancy rate of 95.5% in the Augusta-Aiken market The Colony at South Park 101 Greengate Circle, Aiken, South Carolina 29803 • 184-unit multifamily community with 12 residential buildings • 67% of apartment units have received upgrades • Located two miles from downtown Aiken and 22 miles from downtown Augusta, GA Woodwinds Apartment Homes 100 Cody Lane, Aiken, South Carolina 29803 • 144-unit multifamily community with 26 residential buildings • 67% of apartment units have received upgrades • Located four miles from downtown Aiken and 22 miles from downtown Augusta, Georgia Community Amenities • Cedar Creek golf coupons • Clubhouse with big screen TV • Dog park • Dual car-wash area • Energy-efficient design • Fitness center • Grilling/picnic area • Laundry facility • Outdoor kitchen • Sprinklered buildings • Swimming pool Woodwinds Apartment Homes 100 Cody Lane, Aiken, South Carolina 29803 • 144-unit multifamily community with 26 residential buildings • 67% of apartment units have received upgrades • Located four miles from downtown Aiken and 22 miles from downtown Augusta, Georgia Community Amenities • Cedar Creek golf coupons • Clubhouse with big screen TV • Dog park • Dual car-wash area • Energy-efficient design • Fitness center • Grilling/picnic area • Laundry facility • Outdoor kitchen • Sprinklered buildings • Swimming pool Community Amenities • Business center • Clubhouse/leasing center • Dog park • Fitness center • Grilling area • Outdoor kitchen • Playground • Swimming pool Bradford Pointe Apartments 100 Sterling Ridge Drive, Augusta, Georgia 30909 • 192-unit multifamily community with 24 residential buildings • 71% of apartment units have received upgrades • Located eight miles from downtown Augusta Westbury Creek Apartments 222 Boy Scout Road, Augusta, Georgia 30909 • 120-unit multifamily community with nine residential buildings • 71% of apartment units have received upgrades • Located six miles from downtown Augusta Community Amenities • Business/leasing office • Dog park • Fitness center • Grilling/picnic area • Lake with fountain • Outdoor lounge • Resident business center • Swimming pool • Three ponds with fountains • Wi-Fi amenity areas Westbury Creek Apartments 222 Boy Scout Road, Augusta, Georgia 30909 • 120-unit multifamily community with nine residential buildings • 71% of apartment units have received upgrades • Located six miles from downtown Augusta Community Amenities • Business/leasing office • Dog park • Fitness center • Grilling/picnic area • Lake with fountain • Outdoor lounge • Resident business center • Swimming pool • Three ponds with fountains • Wi-Fi amenity areas Community Amenities • Car care center • Clubhouse • Dedicated leasing office • Executive business center • Fire pit gathering area • Laundry facility • Outdoor kitchen • Outdoor lounge • Pet park/play area • Picnic areas • Professional landscaping • Swimming pool