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MCG Madison Ridge DST

Indian Land, SC

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Investment Description

The Property is a 240-unit, 3-story, Class A Garden multifamily property located Indian Land, SC (Charlotte MSA) that completed construction in Q4 of 2023, and is currently in lease-up. Madison Ridge will feature a unit mix comprised of 92 onebedroom, 120 two-bedroom, and 28 three-bedroom units with an average unit size of 978 SF. The complex offers market rate rental units and is a highly amentized with community features such as a clubhouse, fitness center, resort style pool, and outdoor grilling areas. Unit amenities include stainless steel appliances, granite countertops, private patio/balcony, in unit washer/dryer, and large walk-in closets. Madison Ridge was constructed with intention and attention to detail that combine elements of traditional architecture with fresh accents and stone textures. With crisp neighborhoodstyle landscaping, the Property attracts a resident pool who enjoys the suburban lifestyle with proximity to urban amenities and abundant employment options.

Property Details

Acquisition Details

Total Equity

$76,670,567

Total Debt

$0

Total Value

$76,670,567

Loan-to-value

0.00%

Units

240

Financial Details

Purchase Price

$63,600,000

Reserves

$4,127,157

Loan interest rate

N/A%

Maturity Date

N/A

Interest Only Through

N/A

Product Details

Product Sponsor

Sponsor-Logo

Product Structure

DST

Asset Type(s)

Multi Family

Syndication Load

17.05%

Holding Period

7-10 Years

Liquidity

None

Risk Profile

High

Business Plan

The Trust expects to provide the Owners a return on their investment in two primary ways: (i) in the form of monthly cash distributions to the Owners; and (ii) upon any Disposition of the Property. See “Risk Factors – Disposition of the Property and the Termination of the Trust,” “The Trust and Summary of the Trust Agreement” and “The Summary of the Limited Liability Company Agreement.”

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Sponsor Overview

Our platform partners with experienced sponsors to ensure you have access to well-vetted investment opportunities.

Available Equity

69% Funded

$100K Minimum

Offering Materials

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At Stax, our extensive experience and industry partnerships provide access to exclusive private investment opportunities. From 1031 DST exchanges to private equity and credit, we deliver investment strategies backed by some of the industry's most trusted sponsors.

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35 YEARS

Offered Through Stax

$12.3 BILLION

Sponsor Assets Under Management

$200 BILLION

*as of 19 September 2024

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