Cunat Launches $56M DST Offering for 540-Unit MF in McHenry
Cunat, Inc. announced the launch of Cunat Exchange X DST, which is seeking to raise $56.17 million.
The DST owns The Residence of Fox Meadows, a newly developed 540-unit multifamily community in McHenry, Illinois, approximately 50 miles northwest of Chicago. Cunat developed The Residence of Fox Meadows and sold the property to the DST for $135 million. The 18-building community sits on approximately 37 acres and was 97.5% occupied.
It is one of 15 Cunat properties in McHenry County, where the firm is headquartered. The property is financed with an $84.375 million, 10-year, interest-only, nonrecourse loan at a fixed rate of 5.43%. Located at 1840 Aastri Drive, The Residence of Fox Meadows offers one-bedroom, one-bedroom-with-den and two-bedroom floor plans.
“We developed The Residence of Fox Meadows and have been involved with it from the beginning,” said Brian Cunat, co-founder and CEO of Cunat, Inc. “McHenry County is our home market, and our underwriting is informed by decades of operating results from our own communities there.”
Join us for the Connect Midwest Multifamily conference on the afternoon of Tuesday, June 8, 2027, at Joe’s Live in Rosemont, Illinois.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout