As featured in Business Wire, 1031 CF Properties announces expanding its holdings into Florida for the first time, adding to its existing portfolio throughout the United States. The company acquired two memory care and assisted living facilities for its 10th Delaware Statutory Trust (DST) offering. The facilities are located in Lake City and Palm Coast, Florida, and consist of 114 units overall, with a combined occupancy of 87.8% and a $28.4 million equity offering amount. Currently, Florida has the highest percentage of senior citizens in the United States, with more than 20% of the population aged 65 years and older. 1031 CF Properties’ latest DST and acquisitions in Florida provide investors with monthly cash distributions and potential upside.
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Cash flow is paid to the Trust under the Master Lease Agreement. An investment in 1031CF Portfolio 5 DST involves a substantial degree or risk and investors could lose some or all of their investment. There can be no assurance that any of these objectives will be met. The ability of the DST to make distributions to its investors will depend solely on the cash flows generated by the Facilities, which are not certain and can be affected by changes in occupancy, rents, management costs or other expenses. Any reduction in the actual or projected cash flows would negatively impact the returns received by an investor and/or the price for which the DST will be able to sell the Facilities. Current cash flow is calculated based on current occupancy and operating history of the Facilities at or immediately preceding the date of the Private Placement Memorandum (“PPM”). There can be no assurance that cash flows generated by the Facilities will be sufficient to continue to provide DST investors with this level of annual cash flow.