1031 Crowdfunding, LLC announced today that on January 7, 2019, through its affiliate 1031 CF Properties, LLC, it is now offering a new exclusive Delaware Statutory Trust on its platform. Bandon Pacific View DST is a 99-bed assisted living/memory care facility in Bandon, Oregon.
The DST is an all-cash offering and provides a targeted annual cash-on-cash return of 6.0%.
“We are proud to offer exclusive senior housing DSTs, we believe it will continue to be a favorable asset class due to impressive demographic fundamentals,” said Edward Fernandez, Founder and Chief Executive Officer of 1031 Crowdfunding.
The 84-unit, 72,430 square foot facility will be operated by Seasons Management, LLC (“Seasons”). They have operated the facility since 2013 with a 92 percent average occupancy. The principals of Seasons have participated in the financing, development, construction, and operation of over 200 properties during their careers in the senior housing industry.
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IRC Section 1031, IRC Section 1033, and IRC Section 721 are complex tax codes; therefore, you should consult your tax and legal professional for details regarding your situation.
1031Crowdfunding.com is an investment platform owned by 1031 Crowdfunding, LLC. 1031 Crowdfunding is not a registered broker-dealer. Securities are offered through Capulent, LLC, a registered broker-dealer and member FINRA/SIPC (CRD# 155155). Certain principals of 1031 Crowdfunding are affiliated with Capulent, LLC and when offering investment services such offers are made in their capacities as registered representatives of Capulent, LLC.