{"id":181148,"date":"2024-07-24T13:49:07","date_gmt":"2024-07-24T13:49:07","guid":{"rendered":"https:\/\/capitalsq.com\/?post_type=location&#038;p=181148"},"modified":"2025-03-20T17:55:52","modified_gmt":"2025-03-20T17:55:52","slug":"sidbury-station-bfr-housing-dst","status":"publish","type":"location","link":"https:\/\/capitalsq.com\/offerings\/sidbury-station-bfr-housing-dst\/","title":{"rendered":"Sidbury Station BFR Housing, DST"},"content":{"rendered":"<div class=\"wp-block-theme-blocks-carousel theme-block is-style-wider-width appear-on-scroll is-style-hero has-arrows has-captions has-page has-dots\"><div class=\"layout\"><div class=\"block-slides\">\n<div class=\"slide \"><div class=\"layout\"><figure  class=\"theme-block wp-block-embed is-type-video is-provider-vimeo wp-block-embed-vimeo wp-embed-aspect-16-9 wp-has-aspect-ratio\" ><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"CS1031 Sidbury Station BFR Housing, DST\" src=\"https:\/\/player.vimeo.com\/video\/996683460?dnt=1&amp;app_id=122963\" width=\"500\" height=\"281\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write\"><\/iframe>\n<\/div><\/figure><\/div><\/div>\n\n<div class=\"slide \"><div class=\"layout\"><figure  class=\"theme-block  wp-block-image size-large\" ><img loading=\"lazy\" decoding=\"async\" width=\"1300\" height=\"866\" src=\"https:\/\/capitalsq.com\/wp-content\/uploads\/2024\/07\/sidbury-station-1600-1300x866.jpg\" alt=\"Sidbury Station\" class=\"wp-image-181149\" srcset=\"https:\/\/capitalsq.com\/wp-content\/uploads\/2024\/07\/sidbury-station-1600-1300x866.jpg 1300w, https:\/\/capitalsq.com\/wp-content\/uploads\/2024\/07\/sidbury-station-1600-300x200.jpg 300w, https:\/\/capitalsq.com\/wp-content\/uploads\/2024\/07\/sidbury-station-1600-768x512.jpg 768w, https:\/\/capitalsq.com\/wp-content\/uploads\/2024\/07\/sidbury-station-1600-1536x1023.jpg 1536w, https:\/\/capitalsq.com\/wp-content\/uploads\/2024\/07\/sidbury-station-1600-1024x682.jpg 1024w, https:\/\/capitalsq.com\/wp-content\/uploads\/2024\/07\/sidbury-station-1600.jpg 1600w\" sizes=\"auto, (max-width: 1300px) 100vw, 1300px\" \/><\/figure><\/div><\/div>\n<\/div><div class=\"block-nav prev\"><span class=\"icon fa-solid fa-angle-left \"><\/span><\/div><div class=\"block-nav next\"><span class=\"icon fa-solid fa-angle-right \"><\/span><\/div><div class=\"block-captions\"><\/div><div class=\"block-page\">#\/#<\/div><div class=\"block-dots\"><\/div><\/div><\/div>\n\n<p class=\"appear-on-scroll\">Sidbury Station is a newly constructed, 113-unit build-for-rent community in Castle Hayne, North Carolina (Wilmington MSA) with a mix of three-, four- and five-bedroom detached single-family homes boasting high-end finishes, backyards and two-car garages.<\/p>\n\n<p class=\"appear-on-scroll\">D.R. Horton, the nation&#8217;s largest homebuilder by volume, built the community in 2023. Modern units boast an average of 1,829 square feet with open floorplans, granite countertops, stainless steel appliances, full size washer and dryers, walk-in closets, smart home integration and attached two-car garages. Capital Square\u2019s basis at $348,000 per unit represents a compelling discount relative other for sale homes within the Sidbury Station master planned community at $368,225 per unit. Located on the north side of Wilmington\u2019s MSA, Sidbury Station is one of only four purpose-built rental communities that make up less than 2% of Wilmington MSA\u2019s rental inventory. Limited supply provides a strategic advantage to drive occupancy and rental growth.<sup data-fn=\"3c7d3f73-f047-40ef-9a5f-60f87b5e0298\" class=\"fn\"><a href=\"#3c7d3f73-f047-40ef-9a5f-60f87b5e0298\" id=\"3c7d3f73-f047-40ef-9a5f-60f87b5e0298-link\">1<\/a><\/sup><\/p>\n\n<div class=\"wp-block-theme-blocks-fine-print appear-on-scroll\">\n<p  class=\"appear-on-scroll placeholder-heading\" >Consider The Risks<\/p>\n\n<p class=\"appear-on-scroll\">An investment in the Interests involves substantial investment and tax risks, including, without limitation, the following risks:<\/p>\n\n<ul  class=\"appear-on-scroll wp-block-list\" >\n<li>Past performance is not a guarantee of future results.<\/li>\n\n\n\n<li>The economic success of the Interests will depend upon the results of operations of the property. Fluctuations in vacancy rates, rent schedules and operating expenses can adversely affect operating results or render the sale or refinancing of the property difficult or unattractive.<\/li>\n\n\n\n<li>The master tenant\u2019s capitalization is supported solely by the cash flow from the underlying tenant lease. The sponsor is not under any obligation to contribute capital to the master tenant.<\/li>\n\n\n\n<li>No assurance can be given that future cash flow will be sufficient to make the debt service payments on any borrowed funds and also cover capital expenditures or operating expenses.<\/li>\n\n\n\n<li>No assurance can be given that beneficial owners of interests will realize a substantial return (if any) on their investment or that they will not lose their entire investment in the trust.<\/li>\n\n\n\n<li>There are various risks associated with owning, financing, operating and leasing residential properties in North Carolina.<\/li>\n\n\n\n<li>The interests are not freely transferable by the beneficial owners.<\/li>\n\n\n\n<li>The interests do not represent a diversified investment.<\/li>\n\n\n\n<li>Beneficial owners must completely rely on the master tenant to collect the rent and operate, manage, lease and maintain the property.<\/li>\n\n\n\n<li>The beneficial owners have no voting rights with respect to the management or operations of the Trust or in connection with the sale of the property.<\/li>\n\n\n\n<li>There are various conflicts of interest among the trust, the sponsor, the signatory trustee and their affiliates.<\/li>\n\n\n\n<li>The interests are illiquid.<\/li>\n\n\n\n<li>There are tax risks associated with an investment in the interests.<\/li>\n\n\n\n<li>There are risks related to competition from properties similar to and near the property.<\/li>\n\n\n\n<li>There may be environmental risks related to the property.<\/li>\n\n\n\n<li>Private placements are speculative.<\/li>\n<\/ul>\n\n<p class=\"appear-on-scroll\">Securities offered through WealthForge Securities, LLC, the managing broker dealer for the CS1031 Sidbury Station BFR Housing, DST offering and member FINRA\/ SIPC. Capital Square and WealthForge are not affiliated.<\/p>\n<\/div>\n\n<ol class=\"wp-block-footnotes\"><li id=\"3c7d3f73-f047-40ef-9a5f-60f87b5e0298\">Source: Regis Online, 2024 <a href=\"#3c7d3f73-f047-40ef-9a5f-60f87b5e0298-link\" aria-label=\"Jump to footnote reference 1\">\u21a9\ufe0e<\/a><\/li><\/ol>","protected":false},"excerpt":{"rendered":"<p>A newly constructed, 113-unit build-for-rent community in Castle Hayne, North Carolina (Wilmington MSA) with a mix of three-, four- and five-bedroom detached single-family homes. <\/p>\n","protected":false},"featured_media":181149,"template":"","meta":{"featured_image_background_position":"","code":"CS1031","address":"6105 Dichondra Road\nCastle Hayne, NC 28429","city":"Castle Hayne (Wilmington MSA)","state":"NC","zip_code":"","details":"","status":"Closed","acquisition-date":"2024-07-22","address-full":"","lat":34.3309416,"lng":-77.8539437,"footnotes":"[{\"content\":\"Source: Regis Online, 2024\",\"id\":\"3c7d3f73-f047-40ef-9a5f-60f87b5e0298\"}]"},"tags":[],"service":[104],"investment":[48],"class_list":["post-181148","location","type-location","status-publish","has-post-thumbnail","hentry","service-invest","investment-1031-exchange-dst"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - 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