CX Mode at Hyattsville DST

Hyattsville, MD

Property Description

“Mode at Hyattsville” is an apartment community located at 3300 East-West Highway, Hyattsville, Maryland 20782 (the “Property”). The seller of the Property, Park Land Development, LLC, a Georgia limited liability company, was an unaffiliated third-party. The Property consists of approximately 6.8062 acres of land, upon which is situated a multifamily apartment community containing 396 residential units and one commercial unit, consisting of 10 buildings and a parking garage. The Property amenities include parking garage, controlled access buildings, resortstyle swimming pool, community center, billiards room with kitchen, business center with Wi-Fi access, 24-hour fitness center, grilling areas and landscaped courtyards. Unit amenities include nine-foot ceilings, granite countertops, stainless steel appliances, washers and dryers, double vanities, vaulted ceilings, private balcony or porch, expansive closets and storage, and wood-designed flooring. The Property contains a total of approximately 386,100 square feet of net leasable floor area across 396 residential units and one commercial unit of approximately 1,781 square feet. According to the Property survey, the Property contains a total of 502 parking spaces. The Property was previously named “Post Park” and was renamed “Mode at Hyattsville” at the Closing (as defined herein) to avoid any conflicts concerning the proprietary rights held by its prior owner.

Acquistion Details

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3300 East-West Highway, Hyattsville, MD 20782

Financial Details

Purchase Price




Loan interest rate


Loan term

10 Years

Interest only period

10 years

Business Plan

The Sponsor’s business plan for the Property and its investment objectives for the Interests will be to (i) preserve the Purchasers’ capital investment, (ii) make monthly distributions which may be partially tax-deferred as a result of depreciation and amortization expenses, and (iii) sell the Property at a profit within approximately seven to ten years. See “Business Plan.” There is no guarantee that the objectives will be successfully achieved, that the Property’s value will be enhanced, or that the Property will be sold within the planned time period. An investment in the Interests involves substantial risks. See “Risk Factors.”

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