City View, DST

Multi-tenant office complex
Equity: $55,000,000
Built-In Debt: Unleveraged
Loan-to-Value: Up to 50%
Total Occupancy: 98% leased to 21 tenants
Multi-tenant, 4-building, 273,232 sq ft office complex located in Austin, Texas. The property provides a total of 1,018 parking spaces between surface spaces and garage spaces for a parking ratio of 3.7 per 1,000 square feet. This DST is designed to UPREIT (IRC 721 Exchange) into Black Creek’s Real Estate Investment Trust (REIT) after ~2-3 years. After UPREIT, no further 1031 Exchanges permitted, but investors may have access to some/all funds if needed (taxable). |


