Hamilton Point Investments’ HPI Tremont DST has been fully subscribed, marking the firm’s ninth Delaware statutory trust (DST) offering.
HPI Tremont DST raised nearly $21.6 million in equity in just over a month after its initial sale. The property is a 232-unit apartment community in Hattiesburg, Miss., that was acquired at $35 million.
With a goal of providing investors with predictable liquidity and potential for appreciation, the initial cash flow to investors is 4.55 percent with leverage of 47.2 percent on a 10-year fixed-rate loan.
