The Alternative Asset
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William Dioguardi - Chairman
wdioguardi@fscap.net
(877) 449-8828 Ext. 7353
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FSC Healthcare 29, DST
1031
Healthcare
Income
FSC Healthcare 29, DST consists of a portfolio of three single-tenant NNN medical facilities located in Utah and South Carolina. The properties are leased to BioLife Plasma Services and BlueCross BlueShield of South Carolina.
Key Variables:
Key Fund Data:
Distribution: 5% Monthly |
Minimum DST: $100,000 |
Minimum Cash: $25,000 |
Management Fee: $25,000 Yr. * |
Assets in Fund: 3 / Single Tenant |
Exemption: 506 (c) |
Bridge Loan Maturity: na |
Fund Term: 7 Years |
Years Built: 2015, 2009 & 2007 |
Location: SC (2) & UT |
Purchase Cap Rate: 5.51% Avg. |
Lease Remaining: 8.1 Yrs. Avg. ** |
Lease Terms: NNN |
Guarantors: Bixalta & BCBS *** |
Rent Growth: See Footnotes **** |
Selling Agreements: 12 |
Fund Reserve: $322,000 / 2.15% |
UBTI: Possible |
* An annual Trust Management Fee of $25,000 annually (paid in equal monthly installments) will be paid to the Trust Manager.
** Lease 1 BCBS 1/1/2012 - 12/31/2031. Lease 2 BCBS 1/1/2012 - 12/31/2-31. Lease 3 BioLife 9/25/2015 - 9/30/2030.
*** Payment guaranteed (1 BioLife Property) by parent subsidiary Baxalta LLC.: Baa1 Moodys. Payment guaranteed (2 Properties) by BCBS: A+ AM Best
**** Rent Growth. 1) BCBS Orangeburg & Florence properties: 7.5% increase - 10th anniversary, additional 5% on the 15th anniversary. 2) BioLife property: 1% annually.
Fund Capital Raise:
Fund Fees:
Key Sponsor Data:
The Sponsor is focused on acquiring, owning and actively managing a DST portfolio of single-tenant, income producing retail, industrial and medical properties throughout the United States that are subject to long-term net leases.
The Sponsor seeks to acquire single-tenant net lease properties throughout the United States that are leased to high quality tenants and have remaining lease terms with 7-20 years remaining with contractual rent increases when possible, which it believes these properties offer benefits as compared to other types of commercial real estate due to the relative stability of the cash flows from long-term credit leases, as well as reduced property-level expenses and capital expenditures resulting from the net lease structure. The Sponsor generally targets properties with purchase prices ranging from $5 million to $100 million. The Sponsor is an active asset manager and regularly reviews each of its properties for changes in the credit of the tenant, business performance at the property, industry trends and local real estate market conditions.
The Sponsor’s senior management team has strong net lease real estate experience. Since entering the syndicated DST marketplace in 2014, the Sponsor has since launched 28 DST offerings with a property value of approximately $721 million at cost. The Sponsor is led by co-founders William Dioguardi and Coby Johnson. Other members of the Sponsor’s senior management team previously served in senior management roles at public net lease REITs. Since the Sponsor’s inception, its management team has also developed and implemented internal processes, procedures and controls to establish a scalable infrastructure that the Sponsor believes will allow itself to grow efficiently.
Distributed to Investors: $29.2 M |
Sponsor Report: FactRight |
Experience: 14 Years |
Audited Financials: 2 Years |
Track Record:
Capital Raise:
For Broker Dealer and Investment Advisor home office due diligence use only.
Disclaimer
Important Information: This presentation has been prepared by Four Springs TEN31 Xchange, the issuer, solely for informational purposes and does not purport to contain all of the information that may be relevant. While the forward-looking statements reflect FSC good faith beliefs, they are not guarantees of future performance. In light
of these risks and uncertainties, the forward-looking events discussed in this presentation might not occur as described, or at all. Interested parties should conduct their own investigation and analysis of FSC. Such factors include but are not limited to our ability to acquire new property, financial projections, the effect of economic conditions and/or other factors outside the control of the Company. The information herein is believed to be reliable, however the accuracy and completeness of the information is not guaranteed. It is intended to be general information only and not to provide personal investment advice and it does not take
into account the specific investment objectives, financial situation and the particular needs of any specific person.
This does not constitute an offer to buy or sell any security. Such an offer may only be made by means of a Private Placement Memorandum (PPM) and only through a registered Broker/Dealer or registered Investment Advisor (RIA). Offering facts and terms are controlled by the PPM. All investments and tax strategies have risks. Many investments are illiquid by nature. There is no recognized secondary market and you may be unable to sell your interests prior to liquidation. Investors should perform their own due diligence
before considering any investment in our company. Investment objectives may not be reached if there are significant changes in the economic and regulatory environment affecting real estate. Past performance and/or forward looking statements are never an assurance of future results.
Securities offered through Third Seven Capital, LLC, Member FINRA/SIPC. Four Springs Capital and Third
Seven Capital, LLC are not affiliated.
Investing in DST interests involves a high degree of risk. Before investing you should review the entire Confidential Private Placement Memorandum (“Memorandum”) including the section entitled “Risk Factors”.