STARBOARD MOUNTAIN RANCH DST

Richland, Washington

Equity Offering: $18,300,000

Total Offering : $37,474,000

  • Loan Proceeds : $19,174,000
  • Loan-To-Purchase Price : 51.2%
  • Cash Flow : 5.52%
  • Minimum Investment[1031]: $100,000

Starboard’s mission is to acquire well located properties primarily in the western U.S., in which current rents have growth potential and which can be acquired at below replacement cost. Starboard acquires primarily stabilized properties with a 7 to 10 year hold period for its 1031 exchange clients and value added properties with a 1 to 5 year hold.

BADGER MOUNTAIN

Over the last 19 years, Starboard’s principals have developed a network of relationships with brokers, sellers, retailers, and an array of other tenant types. The principals of Starboard have experience in the development of various types of retail, multi-family and office developments.

INVESTMENT HIGHLIGHTS

CLASS A PROPERTY WITH FULLY STABILIZED OPERATIONS

• Property located in an affluent area with average HH incomes of $167,310 in a 1-mile radius(1) Tenant average HH income $61,004 (2)
• Adjacent elementary school is rated 5/5 on greatschools.org (3)
• Close to shopping and transportation
• Upgrades such as granite counter tops and entrance gates may enhance future rents

EXPERIENCED MANAGEMENT TEAM

• Starboard’s management team has 30+ years experience acquiring, managing, leasing, financing and selling multifamily and commercial properties
• Starboard’s principals have acquired and managed over 18,000 multifamily units

MASTER LEASE STRUCTURE

• The Master Lease allows the Master Tenant to operate and lease the property to tenants on behalf of the Trust in compliance with the IRS rules for the Trust

FIXED RATE 10-YEAR FINANCING

• The loan to purchase price is 51.2%
• The loan interest rate is fixed for the 10 year term
• The interest rate of the loan is 4.41%
• During the 1st 5 years, the loan payments are interest only
• During years 6-10, the loan payment include principal using a 30 year amortization schedule. At the end of 10 years, the projected loan balance will be $17,534,094

THE OFFERING

This Offering is made available to accredited investors only seeking a 1031 exchange or seeking an investment in a property that upon disposition, should allow the investor to complete another 1031 exchange. Starboard Mountain Ranch DST, a newly formed Delaware Statutory Trust (“Trust”), and an affiliate of Starboard Realty Advisors LLC, is offering to sell to certain qualified and accredited investors pursuant to the Memorandum, 100% of the beneficial interests in the Trust. 

For more information on who qualifies, read the Memorandum.

INVESTMENT STRATEGY

• Multifamily – Multifamily real estate assets valued at $20 million and up located in primarily western U.S. metro markets and secondary markets with strong demographic and economic indicators, both stabilized and value-add/opportunistic.

• Shadow Anchored Retail Centers – Neighborhood centers provide customers with life’s essentials such as food and personal services which are typically difficult to purchase on the internet. Credit worthy tenants and annual rent increases in tenant leases promotes net operating income and property cash flow growth.

• Our Experience – The principals of the company have 30+ years experience acquiring/managing multifamily and commercial properties, without capital calls or a loss of equity.

• Our Reputation – The principals of the firm have been structuring TIC/DST properties for over 17 years and 2,000+ investors and are industry advocates.

• Asset Management Focus – We focus on real estate acquisitions, management and investor services, utilizing an independent managing broker-dealer specializing in DST equity fundraising.

PROPERTY OVERVIEW

BADGER MOUNTAIN

The Sponsor is Starboard Realty Advisors, LLC, headquartered in Irvine, California, a privately held, fully integrated real estate firm, whose principals have more than 30 years of hands-on, cycle-tested experience in acquiring, developing, leasing, repositioning, managing, financing and disposing of retail, multi-family, office and industrial real estate. The principals of Starboard are William H. Winn and Stephen Carlton. Starboard acquires multi-family, multi-tenant retail shopping centers, and NNN lease properties.

PROPERTY AMENITIES

COMMON AREAS

• 24 Hour Fitness Center

• Swimming Pool

• ADA Accessible Jacuzzi

• Tanning Bed

• Two Fire Pits

• Barbecue Area

• Community Garden

• Dog Park

• Clubhouse

• Theatre Room with tiered seating

UNIT AMENITIES

• Spacious Patio/Deck

• Vinyl Wood Flooring in Living Areas

• Washer and Dryer in Unit

• Modern Cabinetry and Lighting

• Brushed Nickel Fixtures

• Stainless Steel Appliances

ABOUT Starboard Realty Advisors, LLC

The Sponsor is Starboard Realty Advisors, LLC, headquartered in Irvine, California, a privately held, fully integrated real estate firm, whose principals have more than 30 years of hands-on, cycle-tested experience in acquiring, developing, leasing, repositioning, managing, financing and disposing of retail,multi-family, office and industrial real estate. The principals of Starboard are William H. Winn and Stephen Carlton. Starboard acquires multi-family, multi-tenant retail shopping centers, and NNN lease properties.

Starboard’s mission is to acquire well located properties primarily in the western U.S., in which current rents have growth potential and which can be acquired at below replacement cost. Starboard acquires primarily stabilized properties with a 7 to 10 year hold period for its 1031 exchange clients and value added properties with a 1 to 5 year hold.