CX Mode at Hyattsville, DST
1031 Exchange/DST
The property is a 396-unit midrise asset with modern amenities in Hyattsville, MD, part of the Washington, D.C. MSA. The property is located 1/2 mile from a metro station providing access to major area employers and downtown Washington, D.C.
Renters are drawn to the Washington, D.C. MSA due to access to high-paying jobs.* One-third of renter households in the Washington, D.C. MSA earn $100,000 or more** but still lack homeownership affordability. Amenities include controlled access buildings, resort-style swimming pool, proximity to a well-performing, desirable shopping mall. The FBI’s new headquarters will bring 7,500 jobs to the area which is a 9-minute direct rail commute from the Hyattsville station.
- *CoStar Group Inc. Underwriting Report: 3300 East West Hwy, Hyattsville, Maryland. Generated 12 Sep 2022. P 162.
- **U.S. Census Bureau. “Table B25074: Household Income by Gross Rent as a Percentage of Household Income In the Past 12 Months.” 2021 American Community Survey 1-Year Estimate Subject Tables. 2022, p. 1, https://data.census.gov/.
Company
Carter Exchange
Location
Hyattsville, MD
Overview
Built in 2009, the Property is an institutional-quality 396-unit midrise asset with an attached parking garage in a core location.
Contact your financial advisor for more information about this offering.