FREX DB Series I DST
Investment Description
FREX DB Series I DST holds Domain at Town Centre, a student housing community in the Morgantown area of West Virginia. The property serves the West Virginia University market. Investors hold beneficial interests in a Delaware statutory trust with an affiliated master lease and separate property management.
Key Facts
- Fundraising Status
- Open
- Sponsor Name
- Fortress Real Estate Exchange LLC
- Location(s)
- West Virginia
- Equity
- $40,178,939
- Debt
- $35,805,000
- LTV (investor offering)
- 47.12%
- Property Type
- Student housing
Figures use offering-document terms. Investor LTV is allocated debt divided by equity plus debt. Income is projected distributions on original equity; averages exclude sale or 721 proceeds and are not IRRs. Figures reflect reviewed document dates, not current operating results. Projections are not guaranteed; availability is maintained separately.
Sponsor Overview
Fortress Real Estate Exchange LLC
Fortress Real Estate Exchange LLC is the sponsor, with FREX Manager Series I LLC serving as trust manager. It is part of the Fortress real estate platform, which operates investment programs across property and financing strategies.