Home Alts News 1031 Crowdfunding Closes Senior Living DST Portfolio

1031 Crowdfunding Closes Senior Living DST Portfolio

1031 Crowdfunding, a tax advantaged real estate investment platform, has fully subscribed its latest Delaware statutory trust offering.

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1031 Crowdfunding, a tax advantaged real estate investment platform, has fully subscribed its Delaware statutory trust offering, 1031CF Portfolio 1 DST, after raising $16.9 million in investor equity. This is the company’s sixth investment in senior living care facilities.

1031CF Portfolio 1 DST includes two memory care facilities that are managed by Iris Senior Living and located in the Dallas-Fort Worth and Oklahoma City metropolitan areas. The facilities, which have a combined 88 beds and 76 units, are currently 91 percent occupied. The offering launched on December 28, 2021 and was fully subscribed by March 10, 2022.

“As COVID-19 cases are decreasing, more families are feeling confident about moving their loved ones into senior living homes,” said Edward Fernandez, chief executive officer and founder of 1031 Crowdfunding. “As people live longer, these types of communities are critical for families looking to provide quality late-life care for their loved ones. The dynamics of demographics and demand provide strong fundamental support for the investment case around senior living.”

1031 Crowdfunding is an online marketplace where real estate investors can invest in 1031 exchange-qualified properties. Since inception, it has completed more than 1,000 1031 exchanges on behalf of investors.

For more 1031 Crowdfunding news, please visit their directory page.