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1031 Crowdfunding acquires Iris Reminiscence Care Portfolio

Share this…FacebookPinterestTwitterLinkedin 1031 Crowdfunding introduced as we speak that on Dec. 22, 2021, by way of its affiliate 1031 CF…

By Staff , in Senior Living , at December 28, 2021



1031 Crowdfunding introduced as we speak that on Dec. 22, 2021, by way of its affiliate 1031 CF Properties, it acquired the Iris Reminiscence Care Portfolio, a 76-unit / 88-bed reminiscence care portfolio situated within the Dallas-Fort Price and Oklahoma Metropolis MSAs.

The portfolio was acquired on behalf of 1031CF Portfolio 1 DST, a non-public placement providing that seeks to lift $16.85 million in fairness from accredited traders and has a minimal funding of $25,000.

The portfolio is operated by Iris Senior Dwelling. Headquartered in Dallas, Texas, the Iris principals have over 30 years of mixed actual property expertise, together with 15 years particularly within the growth and operations of 20 Reminiscence Care tasks all through Texas and the Southwestern United States.

“We’re excited to accomplice with Iris Senior Dwelling with their established observe document, information, and experience within the area,” says Edward Fernandez, CEO and Founding father of 1031 Crowdfunding. “Their distinctive home-like mannequin lends itself to sustaining the well being, happiness, and freedom of motion for every resident.”

Accomplished in 2016 and 2018, the two-property portfolio contains 4 buildings located on over six acres of land. There are a mixed 16 hospitals inside a 10-mile radius of the Amenities.

1031 Crowdfunding is a number one actual property funding platform for 1031 exchanges and various funding automobiles targeted on tax deferral. They personalize companies to their consumer’s distinctive funding targets and desires with a view to empower them all through the funding course of. Contact an skilled consultant at 1031 Crowdfunding for additional details about particular person investing wants. For extra data on 1031 Crowdfunding, go to www.1031Crowdfunding.com or name (844) 533-1031. 

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