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Title | Resource Royalty Fund XXII | ERP - 1031 Industrial Portfolio, DST | Capital Square 1031 | Capital Square 1031 | Capital Square 1031 | Capital Square 1031 |
|---|---|---|---|---|---|---|
Sponsor | Resource Royalty | Energy Related Properties | Asheville NC Apartment Portfolio, DST | Parkland Apartments, DST | Sidbury Station BFR Housing, DST | Lyric At Norton Commons Apartments, DST |
Data Updated Date | 9/16/24 | 9/16/24 | 9/9/24 | 9/9/24 | 9/9/24 | 9/9/24 |
FUND - | FUND - | FUND - | FUND - | FUND - | FUND - | FUND - |
FUND - Structure | 1031 DST | 1031 DST | 1031 DST | 1031 DST | 1031 DST | 1031 DST |
FUND - Objective | Growth & Income | Growth & Income | Growth & Income | Growth & Income | Growth & Income | Growth & Income |
FUND - Sector | Oil & Gas | Real Estate | Real Estate | Real Estate | Real Estate | Real Estate |
FUND - Asset Class | Oil Royalties | Industrial | Multifamily | Multifamily | Single Family Housing | Multifamily |
FUND - Asset Sub Class | Oil & Gas Royalties | Oil & Gas Related | Build To Rent | Class A+ | ||
FUND - Investment Strategy | na | Core | Core | Core | Core | Core |
FUND - Exemption | 506 (c) | 506 (c) | 506 (c) | 506 (c) | 506 (c) | 506 (c) |
FUND - Distribution % | 8-10% Monthly (Projected) | 5% Monthly | 5% | 4.01% / 4.42% Proj. + Bonus Rent Yr. 1 | 5% | |
FUND - Minimum | $100,000 | $50,000 | $78,764 | $84,729 | $102,401 | $81,996 |
FUND - Unit Price | $1,000 | $1,000 | ||||
FUND - Investor Share Class | Units | Class B | ||||
FUND - UBTI | Possible | Possible | Possible | Possible | Possible | Possible |
FUND - Open | 5/1/2024 | 4/1/2022 | 9/21/2022 | 12/20/2022 | 8/23/2024 | 9/2/2022 |
FUND - Close | 8/31/2024 | 12/31/2025 | 6/30/2025 | |||
FUND - Raise Filed | $7.6 M | $44.24 M | $73.09 M | $105.70 M | $22.90 M | $67.525 M |
FUND - Raise Current | $6.4 M | $43.87 M | ||||
FUND - Raise Equity Available | $1.2 M | $370,000 | ||||
FUND - Term | 7 - 10 Years | 7 - 10 Years | 10 years | 10 years | 10 years | 10 years |
FUND - Tax Reporting | K-1 | K-1 | K-1 | K-1 | K-1 | K-1 |
FUND - E Sub Docs | Fillable PDF | Fillable PDF | ||||
FUND - 3rd Party Report | NA | Mick Law | Mick Law | Mick Law | Mick Law | Mick Law |
FUND - Financials | No - Direct Title | Yes - Audited | Yes - Audited | Yes - Audited | Yes - Audited | Yes - Audited |
FUND - Projected IRR | 8% - 10% | 9% | 7.78% Base Case | 6.22% Base Case | 6.72% Base Case | 5.72% Base Case |
FUND - Projected Multiple | na | 1.5X - 1.94X | 1.93X Base Case | 1.71X Base Case | 1.75X Base Case | 1.64X Base Case |
FUND - Selling Agreements | 9 | 6 | ||||
FUND - Transfer Agent | Internal | Phoenix American | ||||
FUND - Legal Counsel | Sheef & Stone | Williams Mullen | Sands Anderson PC | Sands Anderson PC | Sands Anderson PC | Sands Anderson PC |
PROPERTY - | PROPERTY - | PROPERTY - | PROPERTY - | PROPERTY - | PROPERTY - | PROPERTY - |
PROPERTY - # | 10 | 28 | 2 | 1 | 113 | 1 |
PROPERTY - Location | Anadarko Basin, OK | Midland, TX | Asheville, NC | Parkland, Florida | Wilmington, NC MSA | Louisville, KY |
PROPERTY - Year Built | NA | 13 Years (Avg) | 2013 & 2017 (2020 remodel) | 1991 (2018 remodel) | 2023 | 2021 |
PROPERTY - Loan - LTV | 0% | 31% | 36.52% | 40.99% | 51.17% | 39.02% |
PROPERTY - Loan - Terms | No Debt | 4.25% Variable P&I | 4.67% Fixed / 10 Yr Term / 30 Yr Amor. / 7 Yrs IO | 5.49% Fixed / 10 Yr Term / 30 Yr Amor. / 7 Yrs IO | 6.43% Fixed / 10 Yr Term / IO | 4.67% Fixed IO / 10 Yr Term |
PROPERTY - Loan - DSCR | No Debt | 3.34 | 1.7% | |||
PROPERTY - Loan - Maturity Date | No Debt | 9/28/1942 | 9/1/2032 | 1/1/2033 | August 1, 2034 | 9/1/2032 |
PROPERTY - Entry Cap Rate | NA | 9% | 4.56% (Unloaded) | 5.11 (Unloaded) | 5.92% (Unloaded) | 4.28% (Unloaded) |
PROPERTY - Lease - Leased % | NA | 100% | 97% | 95.5% | 95% | 95% |
PROPERTY - Lease - Terms | NA | NNN | 1 Year | 1 Year | 1 Year | 1 Year |
PROPERTY - Lease - Tenant Credit | NA | NA | na | na | na | na |
PROPERTY - Lease - Term Remains | NA | 4.5 Years (Avg) | na | na | na | na |
PROPERTY - Lease - Rent Growth | NA | 3% Annually | Market | Market | Market | Market |
FEES - | FEES - | FEES - | FEES - | FEES - | FEES - | FEES - |
FEES - Fund Management | 1% | 1.75% | $365,350 Annually | $528,500 Annually | $114,500 Annually | $337,625 Annually |
FEES - Sales Load | 10% | 9% | 10% | 10% | 9.9% | 10% |
FEES - Rep Commission | 6% | 6% | 6% | 6% | 6% | 6% |
FEES - O & O | 2% | 2% | 1.5% | 1.5% | 1.5% | 1.5% |
FEES - MBD | 1% | 2% | 1.50% | 1.5% | 1.4% | 1.4% |
FEES - Marketing & DD | 1% | 1% | 1% | 1% | 1% | 1% |
FEES - Acquisition | 3% | 0.65% | 2% | 2% | 2.4% | 2% |
FEES - Disposition | 0% | 3% | 2.95% | 2.95% | 2.95% | 2.95% |
FEES - Reserve | NA | $2.0 M / 3.1% | $4,440,030 / 3.6% | $6,229,048 / 3.48% | $1.905 M / 4.06% | $2,830,054 / 2.56% |
SPONSOR - | SPONSOR - | SPONSOR - | SPONSOR - | SPONSOR - | SPONSOR - | SPONSOR - |
SPONSOR - AUM | $166 M | $332.77 M | $3+ B. | $3+ B. | $3+ B. | $3+ B. |
SPONSOR - Prior Offerings | 23 | 11 | 135 | 135 | 135 | 135 |
SPONSOR - Liquidity Events # | 4 | 6 | 15 | 15 | 15 | 15 |
SPONSOR - Investor Distributed | na | $290 M | ||||
SPONSOR - Financials | Yes - Audited | Yes - Audited | Yes - Audited | Yes - Audited | Yes - Audited | Yes - Audited |
SPONSOR - 3rd Party Report | NA | Mick Law | ||||
SPONSOR - Average IRR | na | 30% Gross | 16.6% | 16.6% | 16.6% | 16.6% |
SPONSOR - Best IRR | na | 46% Gross | 25.84% | 25.84% | 25.84% | 25.84% |
SPONSOR- Worst IRR | na | 19% Gross | 8.7% | 8.7% | 8.7% | 8.7% |
SPONSOR - Contact | Brian Sone | Pippi Espinoza | Michele Wiens | Michele Wiens | Michele Wiens | Michele Wiens |
SPONSOR- Phone | (214) 679-6947 | (432) 242-8850 | (480) 332-0778 | (480) 332-0778 | (480) 332-0778 | (480) 332-0778 |
SPONSOR- Email | bsone@ resource royaltyllc. com | pespinoza@ erpfunds. com | mwiens@ capital square 1031.com | mwiens@ capital square 1031.com | mwiens@ capital square 1031.com | mwiens@ capital square 1031.com |
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