Property Description

Located in Hyattsville, Maryland, the Property is comprised of 396 residential units (garden-style multifamily apartment complex with modern amenities and finishes) situated across 6.806 acres. The Property was built in 2009, and it includes 386,100 rentable square feet. The unit mix includes 74 studio bedroom units, 108 one-bedroom units and 214 two-bedroom units. Property amenities include: parking garage, controlled access buildings, resort-style swimming pool, community center, billiards room with kitchen, business center with WiFi, 24-hour fitness center, grilling areas, beautifully landscaped courtyards and more.

Property Type

Multifamily

Structure

Delaware Statutory Trust

Carter Exchange
Mode at Hyattsville DST

MD

Remaining Availability

94% Remaining
Total Funds
$130,617,727
Remaining Availability
$69,053,478
Minimum Investment
$100K
Funded To Date
$4,380,249
Est. Hold Period
10 Years
Leverage
43.78%
Equity Raise
$73,433,727
Price/SF or Price/Unit
$329,842/Unit

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Location Details

 
 
 

Population

6,356,434

Population Growth

See PPM

About The Area

Washington, D.C. is a short trip from Hyattsville, Maryland, with 84 museums, including 21 Smithsonian Museums with free admission, and four of the most-visited museums in the world. Washington, D.C. is home to major performing arts venues and sports stadiums such as the Kennedy Center, the National Theatre, FedEx Field and Nationals Park. It also hosts 18 Michelin Star Restaurants. Ronald Reagan Washington National Airport, Washington Dulles International Airport and Baltimore/Washington International Thurgood Marshall Airport are all within 40 minutes’ drive from the Property.

PREFERRED SUBURB: HYATTSVILLE, MARYLAND

The Property is favorably situated near large employers in Prince George’s County, the nation’s capital and local amenities. Hyattsville is a short commute to many employment nodes in the Washington, D.C. MSA, attracting residents looking for charming small town attributes without sacrificing big city or suburban comforts.36 The average commute time to work for a Hyattsville resident is about 30 minutes.37 This is significantly lower than the average commute in the Washington, D.C. MSA, which is 43 minutes.

 

Sponsor

Carter Exchange is a Carter Funds company backed by a team of experts with decades of real estate investment experience and established relationships in both the broker-dealer and real estate brokerage communities. Our investment strategies center around high-growth industries, risk-adjusted returns, a commitment to excellence, and transparent communication. The Carter Funds leadership team has completed over $23 billion in commercial real estate transaction volume and stands ready to provide seamless end-to-end solutions including site selection, acquisition and management services.