FREX Series II DST
Investment Description
FREX Series II DST holds University Village, a student housing community in Greensboro, North Carolina. The property serves students attending the University of North Carolina at Greensboro and North Carolina A&T. Investors hold beneficial interests in a Delaware statutory trust with an affiliated master-lease arrangement.
Key Facts
- Fundraising Status
- Open
- Sponsor Name
- Fortress Real Estate Exchange LLC
- Location(s)
- North Carolina
- Equity
- $32,623,464
- Debt
- $28,270,000
- LTV (investor offering)
- 46.43%
- 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 sponsors the offering as part of Fortress’s real estate exchange platform. Affiliated entities perform trust-management and master-lease roles, while a separate property manager operates the student housing community.