Fort White
Real Estate
1031 Crowdfunding Adds Florida Senior Housing Facilities to Portfolio
IRVINE, Calif.--(BUSINESS WIRE)--Sep 19, 2023-- 1031 Crowdfunding (1031 CF), a real estate investing platform, today announces expanding its holdings into Florida for the first time, adding to its existing portfolio throughout the United States. The company acquired two memory care and assisted living facilities for its 10th Delaware Statutory Trust (DST) offering. The facilities are located in Lake City and Palm Coast, Florida, and consist of 114 units overall, with a combined occupancy of 87.8% and a $28.4 million equity offering amount. Currently, Florida has the highest percentage of senior citizens in the United States, with more than 20% of...
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