Advanced 1031 Exchange Strategies

Cunat Exchange X DST is a new Delaware statutory trust formed on July 30, 2026 pursuant to a Trust Agreement dated as of July 30, 2026, which is attached hereto as Exhibit A. The Trust acquired the following 540-unit multifamily residential complex with approximately 236,412 rentable square feet on approximately 3.97 acres located at 1840 Aastri Drive, McHenry, Illinois 60050 and commonly known as The Residences of Fox Meadows. Cunat, Inc., an Illinois corporation is the Sponsor of this Offering and the present owner of the Trust. The Residences of Fox Meadows is a 540-unit multifamily property comprised of 18 three 3-story buildings with an aggregate of approximately 236,412 rentable square feet on approximately 3.97 acres located 1840 Aastri Drive, McHenry, Illinois 60050. The improvements are considered to be in good overall condition. The Property has 1,083 parking spaces. The Property was constructed in 2024 to 2025. The Property is a brand new construction apartment community located in the growing city of McHenry, Illinois. It offers spacious one-bedroom, one-bedroom with den, and multiple two-bedroom/two-bathroom floor plans. Each newly constructed residence features contemporary finishes and premium conveniences, including, but not limited to a fully equipped kitchen with stainless steel appliances, a full-size washer and dryer, individually controlled heating and air conditioning, and a private balcony or patio, as well as secure intercom-access buildings, garages, 24-hour maintenance. Resident amenities include, but are not limited to, a fitness center, indoor heated swimming pool, outdoor swimming pool, basketball courts, and playground areas. The community center also features a spacious party and meeting room. The Property is located near schools, shopping, restaurants, transportation, and recreational destinations. Pet-friendly accommodations are also available. The Trust purchased the Property with a new loan in the amount of $84,375,000 as set forth below obtained from JLL Real Estate Capital, LLC, a Delaware limited liability company, pursuant to Freddie Mac’s multifamily lending program, which Loan closed on the Loan Closing Date and is secured by the Property. The Loan has a term of 10 years and is interest only at a fixed rate equal to 5.43% per annum with interest only payments for the entire term of the Loan.

CS1031 Texas Active Living New Braunfels, DST, a Delaware statutory trust, has been formed for the purpose of acquiring Emerald Cottages of New Braunfels, a recently constructed, boutique active adult community with 72 single-family-style cottage homes, located at 3025 Oak Run Parkway, New Braunfels, Texas 78132. The Property was completed in 2024 and is comprised of 17 single-story residential buildings and one standalone clubhouse with an outdoor pool, situated on approximately 11 acres of land. The Property consists of 12 one-bedroom, one-bathroom units and 60 two-bedroom, two-bathroom units, with an average unit size of 1,275 square feet. The cottage homes at the Property were designed with the active adult demographic in mind. Open floor plans feature granite and stone countertops, wood and carpet flooring, a fully equipped kitchen with stainless steel appliances, dishwasher, disposal and microwave, an in-unit washer and dryer, central heating and cooling, and accessibility features throughout including zero-threshold showers. Each unit features a private entrance and an attached garage. Community amenities center on the clubhouse, which houses a fitness room, business center, and dining room, and extends to a swimming pool and a BBQ and picnic area. On-site management maintains a regular social calendar of exercise classes, community events, and entertainment for residents. New Braunfels is located in Comal County, strategically positioned between San Antonio and Austin. The city has an estimated population of approximately 122,000, while Comal County totals roughly 209,000 residents. New Braunfels sits about 34 miles northeast of San Antonio and 48 miles south of Austin, providing convenient access to both major employment centers while maintaining a distinct local identity. The county’s median household income is approximately $101,889, reflecting an affluent and growing suburban market. The Property is in the process of completing its initial lease-up. As of the date of this Memorandum, the Property was approximately 87.5% occupied and 91.7% leased.

The Trust owns a fee simple interest in the land and improvements located at 2000 N. Commerce Parkway, Weston, FL 33326, which includes the Courtyard Fort Lauderdale Weston hotel property that is located in a sought-after suburban market of Florida. The Hotel is a recently renovated 176-key, six story building that also includes The Bistro, an on-site food and beverage outlet, and three functional meeting spaces. The Hotel benefits from a large corporate and medical office presence that drives year-round lodging demand. The Hotel completed approximately $5 million in guest-facing renovations to rooms and public spaces in 2024, which positions it well for new ownership to drive further income growth. Pursuant to the Franchise Agreement, the Hotel is operated under the name Courtyard by Marriott, which is a brand of Marriott International, Inc.

We are pleased to present the NexPoint Marina II DST, an offering comprised of two stabilized, full-service marina assets with demonstrated demand, high occupancy, and embedded growth potential. Located in Tennessee and Kentucky both properties are characterized by strong underlying demand and limited slip availability. The Stardust Property (located in Andersonville, TN) and the Kuttawa Property (located in Kuttawa, KY) each serve as a regional destination marinas. Given their close proximity to Knoxville and Nashville, respectively, they both draw local and visiting boaters to their waterfront sites. They benefit from established operating histories, strategic locations within highly trafficked recreational boating corridors, the durable fundamentals of the U.S. recreational boating market, and diversified revenue streams that include fuel, food & beverage, retail, and rental offerings which enhance the Master Tenants' ability to meet their Master Lease obligations. Importantly, we believe both assets offer embedded growth potential through recently completed and planned slip expansions, positioning the portfolio to capture waitlist demand and drive incremental revenue. The Sponsor believes that the Properties present an attractive long-term investment opportunity due to, in part, favorable submarket demographics, nearby retail drivers, continued and strengthening demand for Marina Properties, constrained supply of Marina Properties, the high quality of each asset, swift physical occupancy lease-up velocities, and the long-term strength of the sector.