Candleglow Apartment DST, on 1031 Crowdfunding Platform
Aliso Viejo, CA, June 9, 2015 (Newswire.com) - 1031 Crowdfunding LLC announced today that Candleglow Apartments DST is now available through the Company’s website.
Candleglow Apartments is a 152-unit garden-style multifamily community located in one of the most desirable areas of Brooksville, a suburb of Tampa, FL. The property, which provides residents a Victorian design aesthetic and lush landscaping, is currently 98.5 % leased with a waiting list. Recent capital improvements include a complete roof replacement, parking lot reseal and re-stripe, painting, siding replacement, landscape improvements, new pool fence, tennis court repairs and clubhouse renovation.
"Our goal has always been to have a diverse group of quality offerings available. As the first apartment complex on our platform and the first property in Florida to be offered, we believe Candelglow is a very attractive opportunity."
Ed Fernandez, CEO
This is a stable asset with consistent cash-flow and an estimated first year cash-on-cash yield of 6%. The property supports higher rents as a result of its proximity to several of Hernando County’s largest employers. Additionally it is located near two main arterial connectors and is in an area with high demand for multifamily housing and limited market saturation.
“We are excited to include Candleglow Apartments as an option for our DST investors,” said 1031 Crowdfunding Founder and CEO, Edward Fernandez. “Our goal has always been to have a diverse group of quality offerings available. As the first apartment complex on our platform and the first property in Florida to be offered, we believe Candelglow is a very attractive opportunity.”
For more information visit www.1031Crowdfunding.com or call (844) 533-1031.
About 1031 Crowdfunding LLC
1031 Crowdfunding provides a range of quality properties for investors seeking a 1031 exchange through a Delaware Statutory Trust. With a compliant online investment platform, investors research opportunities, make investments with ease, and receive monthly updates. 1031 Crowdfunding was founded by Edward Fernandez along with Alfred Pizzurro, Marcus Kurschat, William Erickson and Tim Barrett, aggregating 120 years of their combined experience in the securities and real estate markets.
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