Passco Estelle DST

Birmingham, AL

Property Description

The Project is a 280-unit multifamily apartment community known as Estelle Apartments (the “Project”) located on approximately 16.63 acres of land in Birmingham, Alabama. According to the Needs Assessment (as defined below), the Project was constructed in 2021. The Project contains 9 3-story residential buildings, 6 single-story detached garages, a single-story clubhouse building, a single-story fitness building, a single-story yoga building. The Project includes 1-, 2- and 3-bedroom units. According to the Survey (as defined below), the Project has 461 parking spaces, comprised of 412 regular surface spaces, 8 ADA-designated spaces and 41 detached garage spaces. According to the Rent Roll (as defined below), the Project is leased at an occupancy rate of approximately 96.1% as of April 11, 2022.

Acquistion Details

Total Equity


Total Debt






Occupancy (as of 4/11/2022)



100 Wildwood Court, Birmingham, AL 35209

Financial Details

Purchase Price




Loan interest rate


Loan term

10 years

Interest only period

7 years

Business Plan

The principal objectives of the Trust will be to (i) distribute to the Holders rent, after payment of debt service and expenses, at various levels of the purchase price paid by the Holders for the Interests during the first 10 years of ownership, (ii) amortize debt during a portion of the ownership of the Project and (iii) prepare the Project to be sold in approximately 10 years. There can be no assurance that any of these objectives will be achieved. See “Risk Factors.”

Visit Website for More Details

Read More

Schedule a Free Consultation

If you need help deciding which properties to choose or would like to discuss the best options for your situation, let our team help.

Schedule a Call


Investment Summary

This is a summary of the investments you’ve selected. Please provide the total amount you would like to invest below. A Stax representative will contact you once your application has been submitted.

Currently, you have no investments saved.
View Marketplace
Schedule a Consultation

Warning: foreach() argument must be of type array|object, null given in /home2/staxai/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 7