RE · REAL ESTATE

CXP Orthopedic Surgery Center, DST

Cypress Exchange · Net Lease DST

Program Overview

Net Lease DST

Peer Group Filters

Objectives: IncomeTax AdvantagedDiversification
Asset Class: Real Estate
Vehicle: DST
Single / Multi Asset: Single-Asset

Sponsor/Manager

Cypress Exchange

Asset Class

Real Estate

Issuer

CXP Orthopedic Surgery Center, DST

Issuer Legal Structure

Delaware Statutory Trust

Program Life Structure

Finite

Securities Offered

Equity - Beneficial Interests

Program Hold Period

~7 years

Target Leverage

Target 65% LTV Offering docs indicate loan of ~$6.6M from Bank of Sun Prairie (nonrecourse and secured at the Trust level); Est. ~$3.39M Bridge Financing (unsecured and sits with the Depositor).

Strategy Risk/Return Profile

Core · Core Plus

Managing Broker-Dealer

Emerson Equity, LLC

Property Details

12,415 sq ft Middleton Medical Collaborative · 2 acres Parcel at 8124 Forsythia Street · 1 properties

Tax Opinion

“Should” Level 1031 exchange eligibility · subject to stated assumptions

Maximum Offering

$5,468,088

Minimum Investment

$50,000

Beneficial Interests · waivable

Strategy Overview

The Trust's investment strategy involves owning and leasing a newly constructed, 12,415-square-foot orthopedic ambulatory surgery center in Middleton, Wisconsin, to HOPCo Madison ASC Holdings, LLC under a lease extending through May 2041. The Trust acquired the Property in June 2026 for $10.22 million from a Sponsor affiliate. The Memorandum projects a 5.00% annual cash-on-cash return, distributed monthly, over an anticipated seven-year holding period, with an eventual property sale or Section 721 transaction at the Signatory Trustee's discretion. The Memorandum characterizes the investment as speculative and non-diversified.

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