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Madison Ridge DST

$38,000,000

Available as of

November 25, 2024

4.50% Y1 CoC

Asset Class

Multifamily

Offering Type

DST

Strategy

Core+

Equity Offered:

$77,670,567

Availability:

$38,000,000

Minimum:

$100,000

Offering Documents

Economic Demand Drivers

  • The Property is in close proximity to three major employment nodes including Indian Land, Ballantyne, and Fort Mill

  • Lancaster County attracts young families with a highly desirable and well-ranked school system

  • 47% population growth within a 5-mile radius of the property from 2010-2023

  • Business operations for world-class companies such as AECOM (nuclear engineering), Cardinal Health (medical products), Honeywell (scanning equipment), Kennametal (metal parts) and TriNet (human resource consulting) are located in Indian Land and have over 1,000 employees


Submarket Barriers to Entry

  • Land scarcity in Indian Land, especially at the submarket’s primary intersection, which is 1 mile from the Property (Charlotte Hwy-521/Fort Mill Hwy-160), is driving multifamily land prices significantly above $20K per unit

  • Lancaster County utility providers, particularly water & sewer, present approval challenges, adding additional time and cost for new development


Location With Retail Connectivity

  • Nearby Promenade at Carolina Reserve (5 miles away) is a 100% leased super regional center, featuring tenants such as T.J. Maxx, Burlington, HomeGoods, and Ulta Beauty

  • Drive Times: 35 minutes from Charlotte CBD, 10 minutes from Ballantyne, 5 minutes from RedStone

  • Publix, Harris Teeter, Food Lion, and Aldi all have stores along HWY 521

Looking for More?

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If you have questions about our firm or any products offered by our firm, we would love to connect to help you understand why we believe our approach to real estate may benefit you. We look forward to hearing from you. 

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