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Acquiring Company
1031 Crowdfunding
Acquired Company
Senior Housing Facility
Description
1031 Crowdfunding (1031 CF), a real estate investing platform, announces expanding its holdings into Utah for the first time, adding to its existing portfolio in the western United States. The company acquired two memory care and assisted living facilities for its ninth Delaware Statutory Trust (DST) offering. The facilities are located in St. George and Lindon, Utah, and consist of 178 units. Both properties total 156,473 square feet across 5.85 acres, offer seven-year leases, and are within a four-mile radius of local hospitals.
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