# FREX DB Series I DST

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## 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
- Locations: West Virginia
- Equity: $40,178,939
- Debt: $35,805,000
- LTV (investor offering): 47.12%
- Property Type: Student housing
- Y1 Income: Login required.
- Average Income: Login required.
- Overall Scorecard Rating: Login required.

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. Evidence confidence is reported separately.

## Sponsor overview

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.

## Detailed analysis

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For informational and educational purposes only. Our research and opinions are not personalized investment, legal, or tax advice, an offer to sell or solicitation to buy securities, or a recommendation or endorsement of any investment. Do not rely on this research alone to make an investment decision. Review the current Private Placement Memorandum (PPM) and all applicable offering documents, and consult a registered investment adviser or other qualified investment professional and your legal and tax advisers. Private investments can be illiquid and involve significant risk, including loss of your entire investment. Past performance, projected income, and ratings do not guarantee future results. Information may be incomplete or change; confirm current offering availability directly with the sponsor.

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