Core Pacific Advisors, an investment advisory firm and sponsor of 1031 exchange offerings, has fully subscribed CPA Cue Luxury Apartments DST, a Delaware statutory trust offering comprised of a multifamily property located in the Houston suburb of Cypress, Texas.
According to the company, the Regulation D offering raised $21 million from accredited investors, and CM Pacific Capital represented the sponsor in its capital raising efforts.
“We are pleased with the continued success of our DST offerings and look forward to providing additional investors with the opportunity to benefit from ownership in quality multifamily and commercial real estate,” said Justin Morehead, chief executive officer of Core Pacific Advisors.
The Cue Luxury Apartments consists of 251 units, offering a mix of one-, two-, and three-bedroom units ranging in size from 770 square feet to 1,470 square feet with walk-in closets, corridor attached garages, and patio or balconies with retreat views, among other amenities. Community amenities include two saltwater pools, a cinema theater, fitness center, yoga and spin rooms, two dog parks and a dog spa, theater room, conference room, and a carwash facility.
CORE Pacific Advisors is an investment advisory firm based in Newport Beach, California with experience in commercial real estate and real estate-related investments.