Covington Ridge
1401, 1411, 1421 & 1431 Dixie Highway, Covington, KY 41011
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The Property is comprised of more than 1 legal parcel which are contiguous, and all of the parcels are operated as a single business. Therefore, the Property counts as one ID for 1031 exchange purposes.

The Property

• 267-unit apartment community situated on approximately 36.54 acres and completed in 2022. The property is comprised of three 4-story residential buildings, one 3-story carriage house building and one maintenance building, offering a mix of studio, 1-bedroom, 2-bedroom and 3-bedroom units
• Unit amenities include built-in microwaves, undermount kitchen sinks, gooseneck kitchen faucets with pull-down sprayers, quartz countertops, wood-designed plank flooring, ceramic tiled bathrooms, standalone showers with glass doors, washer and dryer units, brushed nickel hardware and lighting, patio and balconies, stainless steel appliances, kitchen islands with pendant lighting, subway tiled kitchen backsplash, built-in USB ports, linen closets, ceiling fans, vanities with double sinks, kitchen pan- tries, and soaker garden style bathtubs in select units.
• Community amenities include a resort-style saltwater swimming pool with a sundeck, an outdoor kitchen and dining terrace, package concierge, a pet park with agility equipment, an overlook deck, a car care center with a vacuum, a resident social lounge with billiards/gaming/tvs, valet trash service, fob access with climate control corridors, two resident clubhouses, a covered pavilion with gas fireplace, EV car charging stations, a resident business center, a cyber cafe/coffee/tea bar, a fitness center, a yoga and spin studio with Echelon bikes, outdoor grilling areas, and storage rooms.

Investment Opportunity

• The Cincinnati MSA ranked 5th in the nation by Site Selection Magazine 2023 Global Groundwork Index Rankings for corporate facility investment, job growth and infrastructure investment and in the top 100 best-performing cities (91st) by Milken Institute 2024.
• Covington Ridge DST is within commuting distance of the area’s largest employers; Cincinnati Children’s Hospital Medical Cen- ter, Good Samaritan Hospital, University of Cincinnati, Kroger and Procter & Gamble are all within 7 miles of the property. • According to CoStar, Cincinnati ranks among the top three markets in the country for multifamily rent growth and is among the lowest of its peer markets in the Midwest and well below the national benchmark for vacancy.
• Per the lease audit, the median annual household Income Is approximately $115,404, which is greater than the 1-3-5 mile radius and 51% greater than the MSA median household Income; approximately 58% of the units make over $100,000 and residents make approximately 5x the monthly rent.

Please use the form on this page to contact us regarding this specific property, or a similar available property.

Please note, our minimum investment is $100,000. We are only allowed to provide detailed information to accredited investors.  Please contact us to learn how to become accredited. Principals only; we are not a service for real estate brokers.

Disclaimer: All Values of Return, Loan-to-Value (LTV), Mortgages, Cash Flow are Projected Estimates and are for Illustrative purposes only. Investors must read the SPONSOR’S Prospectus or PPM or Private Placement Memorandum (PPM) before they invest for further disclosures about terms, risks, etc. All investments have MATERIAL RISKS including performance and compliance. Past performance is never an assurance of future results.

Access 1031 Exchange Eligible Property Listings. We help investors find unique like-kind properties for their 1031 exchange. Use our database search tool to find DST Real Estate, Oil & Gas Royalties, and other unique property types. Please Note: Our investment minimum is $100,000.

Average Monthly Cash Flow: $3,200

Estimated Annual Revenue: $38,400

Expected Annualized Return: 11%-12%

Amount Available: $300,000

Operators: XTO, EnerVest

# of Producing Wells: 21

% Oil / % Gas: 0% Oil / 100% Gas

Property Notes: One of the most prolific natural gas fields in the last 20 years. Very consistent production from geo‐focused operator.

Average Monthly Cash Flow: $3,200

Estimated Annual Revenue: $38,400

Expected Annualized Return: 11%-12%

Amount Available: $288,000

Operators: Enterprise Energy

# of Producing Wells: 10

% Oil / % Gas: 90% Oil / 10% Gas

Property Notes: Permian Basin property with long‐life reserves and consistent production. Spacing for additional upside.

Average Monthly Cash Flow: $2,000

Estimated Annual Revenue: $24,000

Expected Annualized Return: 10%-11%

Amount Available: $200,000

Operators: XTO, ConocoPhillips

# of Producing Wells: 19

% Oil / % Gas: 85% Oil / 15% Gas

Property Notes: Heavy‐Bakken operators with additional running room for new wells in the future. Multiple formation opportunities.

Average Monthly Cash Flow: $900

Estimated Annual Revenue: $10,800

Expected Annualized Return: 9%-10%

Amount Available: $120,000

Operators: OXY Resources

# of Producing Wells: 4

% Oil / % Gas: 70% Oil / 30% Gas

Property Notes: Central Basin Platform in the Permian Basin with Top ‐3 operator property with long‐life reserves and consistant production.

Average Monthly Cash Flow: $5,000

Estimated Annual Revenue: $60,000

Expected Annualized Return: 11%-12%

Amount Available: $400,000

Operators: Marathon, Devon

# of Producing Wells: 17

% Oil / % Gas: 75% Oil / 25% Gas

Property Notes: Major operators in the heart of the Eagle Ford Shale region. Good mix of both oil and NGL’s (natural gas liquids).

Average Monthly Cash Flow: $3,200

Estimated Annual Revenue: $38,400

Expected Annualized Return: 11%-12%

Amount Available: $300,000

Operators: XTO, EnerVest

# of Producing Wells: 21

% Oil / % Gas: 0% Oil / 100% Gas

Property Notes: One of the most prolific natural gas fields in the last 20 years. Very consistent production from geo‐focused operator.

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Acquired: August 05, 2004

Square Footage: 45,827

Property Type: Retail