Cunat Takes DST Program Full Cycle, Delivers 12.14% Return to Investors
Cunat Inc. – a privately held real estate investment, development and property management firm specializing in multifamily and single-family housing – announced the successful full-cycle completion of Cunat Exchange I DST, a Delaware statutory trust offering that comprised five multifamily properties across McHenry, Woodstock, and Harvard, Ill. The five properties were sold on behalf of investors, resulting in an annual rate of return of 12.14%.
Cunat Exchange I DST, which launched in 2019 and raised $16 million in six months, was designed to provide accredited investors with access to high-quality, income-generating multifamily assets through a 1031 exchange-compliant structure. Cunat retained a 20% ownership stake in the trust, signaling strong alignment with investor interests.
“The successful closing of Cunat Exchange I DST represents another milestone in the nearly 50-year legacy of Cunat,” said Brian Cunat, co-founder and CEO of Cunat. “We believe this offering reflects our long-standing commitment to disciplined acquisition, efficient management, and investor-first principles, and we are extremely grateful for the trust and support of our investors.”
The portfolio included Autumnwood Apartments, a 102-unit community in Woodstock; Lillian Street Apartments, an 81-unit community in McHenry; Northfield Court, a 242-unit community in Harvard; Southgate Apartments, a 64-unit community in McHenry; and Westside Court, a 98-unit community also in McHenry.
Collectively, the communities total 585 units with high occupancy rates and strong market fundamentals, according to the company. Each asset was individually financed, providing risk segmentation and operational flexibility.
“We are especially pleased to have completed the sale in just five and a half years, ahead of the originally projected seven- to 10-year holding period,” added Cunat. “Throughout the investment period, we delivered monthly distributions on time and consistently met or exceeded investment goals.”
Headquartered in McHenry, Ill., and founded in 1976, Cunat owns and operates a diverse portfolio of properties across multiple states, with total assets exceeding $800 million.
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