Passco Springhouse DST is a 224-unit apartment community located in Louisville, Kentucky – 15 minutes east of downtown Louisville. The property is equidistant to many commercial corridors featuring various retail and dining options along with several grocery stores including Costco, Kroger, Target and Walmart. The area features multiple country clubs, golf courses, recreational activities and access to numerous public and private institutions. The neighborhood boasts a median household income over $91,000 and consists primarily of families and young adults. The DST has plans and sufficient reserves set aside to enhance property-wide landscaping, repaint building exteriors and remodel the community amenities including the resident clubhouse, pool and the fitness center. The DST’s business plan is to implement an aggressive marketing campaign and revenue management program to maintain high occupancy levels through a nationally recognized third-party property management company.

Passco Sea Sound DST consists of a 300-unit apartment community located in Panama City Beach, Florida – 5 minutes north of the downtown core. Sea Sound Apartments is located in the Panama City MSA, equidistant from Tallahassee and Pensacola. Newly constructed in 2022, the property is currently 94.67% occupied and offers 1-, 2- and 3-bedroom floor plans ranging on average from 650 – 1,445 square feet. The DST has plans and sufficient reserves set aside to enhance landscaping property wide, update flooring in community areas, add virtual fitness programs to the fitness center and refresh exterior paint.

Constructed in 2019, One Riverwalk Apartments is a 303-unit multifamily property located in Knoxville, The property is 96.37% occupied and offers studio, 1- and 2-bedroom floor plans ranging on average from 450 – 1,213 square feet. One Riverwalk Apartments is centrally located along the Volunteer Landing riverwalk within walking distance to shopping, dining, entertainment attractions and downtown Knoxville’s only marina. Additionally, the property has direct access to several major interstates including I-40 and I-275, providing access to the greater Knoxville area. The DST has plans and sufficient reserves set aside to add value by enhancing common areas and property landscaping, upgrading exercise equipment, refreshing the building interior and exterior and building a dog park.

INVESTMENT PLAN: 280-unit apartment community completed in 2021. The Property is comprised of nine 3-story residential buildings, six single-story detached garages, a single-story clubhouse building, a fitness building, and a yoga building situated on approximately 16.63 acres. Maximize revenue and occupancy over the holding period. Distribute monthly cash flow. Sell in approximately 10 years, or when the market dictates.

Passco Canal 1535 DST consists of a 330-unit apartment community located in downtown New Orleans – 7 blocks from Bourbon Street and the French Quarter. Strategically positioned in downtown New Orleans, residents of Canal 1535 enjoy direct access to the French Quarter, which features live/work/play lifestyle. Built in 2020, Canal 1535 is currently 84.24% occupied and offers 1- and 2-bedroom floor plans ranging on average from 636 – 1,221 square feet. The DST has plans and sufficient reserves set aside to refresh paint property wide, update property landscaping and enhance the 5th floor terrace with the addition of an outdoor kitchen, barbecues, fire pit and new furniture.