CX Residences at Congressional Village, DST
1031 Exchange/DST
Located in Rockville, Maryland, the Property is comprised of 404 apartment homes (garden-style multifamily apartment complex with modern amenities and finishes) and three ground-floor retail units. The Property was built in 2005, and it includes 399,919 rentable square feet situated on 7.28 acres. The unit mix includes 194 one-bedroom units, 190 two-bedroom units and 20 three-bedroom units.
Property amenities include: “The Pub”, featuring gaming and indoor/outdoor lounge areas, a resort-style swimming pool with fountains and sundeck, a fitness center offering cardio and weight-training equipment, a poolside cabana with lounge area, a concierge and full-service parcel acceptance, a media center with big screen and surround sound, available parking, an indoor/outdoor e-lounge with WiFi, a convenient business center with workstations and meeting space, a community lawn, and grilling stations.
Demand is growing for rental households in this market, due to increased job growth, a limited supply of new rental housing, and increasing home ownership costs. Renters are drawn to the Washington, D.C. MSA because of its access to high-paying jobs, providing resiliency for the apartment sector.*
*CoStar Group, Inc. “Underwriting Report: 198 Halpine Rd, Rockville, Maryland.” Generated 11 Apr. 2022. p.
114-115.
There are risks associated with participating in the offering. An investment in the Trust is speculative and illiquid, and involves significant risks, including the possibility of losing all invested capital. This material does not constitute an offer to buy or sell any securities and is authorized for use only when accompanied by the Confidential Private Placement Memorandum of CX Residences at Congressional Village, DST (the “Memorandum”). Reference is made to the Memorandum for a statement of risks and terms of the CX Residences at Congressional Village, DST offering and qualifications and assumptions regarding forward-looking information. The information set forth herein is qualified in its entirety by the Memorandum. No person will be permitted to invest without acknowledging that they received the memorandum and completed their review including, but not limited to, the risk factors contained therein. Securities are being offered through Orchard Securities, LLC, member FINRA/SIPC. Orchard Securities and Carter Exchange are not affiliated*.
Company
Carter Exchange
Location
Rockville, MD
Overview
Residences at Congressional Village is located in Rockville, MD, part of the Washington, D.C. market. Residences at Congressional Village is a garden-style multifamily property with 404 apartment homes surrounded by a diverse economy.
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