# Passco Riverside DST

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## Investment description

Passco Riverside DST holds interests associated with Velo Riverside, a 265-unit apartment community in Dayton, Kentucky. The offering is organized as a Delaware statutory trust. The property is held through the documented city bond and ground-lease arrangement, with residential operations administered through separate management and master-lease agreements.

## Key facts

- Fundraising Status: Open
- Sponsor Name: Passco Companies
- Locations: Kentucky
- Equity: $48,900,000
- Debt: $40,801,000
- LTV (investor offering): 45.49%
- Property Type: Multifamily
- Y1 Income: Login required.
- Average Income: Login required.
- Overall Scorecard Rating: Login required.

Source-document projections, not actual distributions. Income is operating cash divided by original offering equity and excludes sale proceeds. Y1 annualizes the initial thirteen-month source period. Average uses all 120 months, including the final eleven-month period. Offering LTV = allocated debt / (offering equity + allocated debt). Figures reflect reviewed document dates, not current operating results. Projections are not guaranteed; availability is maintained separately. Evidence confidence is reported separately.

## Sponsor overview

Passco Companies is the sponsor identified in the offering materials. The company was formed in 2005 following predecessor operations begun in 1998. Its property programs include multifamily real estate, with affiliated entities performing trust, asset-management and master-tenant functions.

## 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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