ICG Sentio DST

Property Description

The Property consists of 325 one-, two-, and three-bedroom apartments contained within six three-story residential buildings and one single-story clubhouse/leasing office. Property amenities include a gated entry, clubhouse with kitchen, business center and co-working lounge, community swimming pool and heated spa, gas barbecue grills and shaded picnic areas, fitness center, resident library, dog park and pet grooming station, parcel delivery lockers, attached garage units, and covered parking.

Acquistion Details

Total Equity

$65,000,000

Total Debt

$60,000,000

Total Value

$125,000,000

Loan-to-value

48.00%

Units

325

Financial Details

Purchase Price

$108,000,000

Reserves

$4,657,266

Loan interest rate

5.85%

Maturity Date

03/01/2034

Interest Only Through

03/01/2034

Business Plan

The principal objectives of the Trust are to (1) distribute to the Investors annual cash flows, as described in the Financial Forecast attached as Exhibit E to this Memorandum, (2) manage the Property in a manner consistent with prudent real estate management in order to maintain the Property’s long-term value and, (3) sell the Property prior to the Maturity Date of the Loan (i.e. February 28, 2034). There can be no assurance that any of these objectives will be achieved. This Memorandum should be read in its entirety before making an investment decision.

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