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CAI Subscribes DST Offering of Reno Retail Property

CAI Investments, LLC, a property manager/developer and private placement sponsor, has subscribed its Delaware statutory trust offering of a Cabela’s retail establishment in Reno, Nevada.

CAI originally purchased the property in October 2021 for approximately $38.9 million. The 129,000-square-foot property is fully occupied by Cabela’s, a subsidiary of Bass Pro Shops, which specializes in outdoor recreation products for camping, hunting, and fishing. The company said that the tenant’s remaining lease term is 23 plus years, with contractually obligated annual rent increases.

“The Reno-Tahoe area is growing with an influx of people and businesses from California and other states,” said CAI founder Christopher Beavor. “Cabela’s is located in this established market with a growing economy. We are pleased to add this property to our ever-growing list of DSTs offered to the investing community.”

Malcolm Burt, vice president of sales for CAI added, “The interest surrounding Cabela’s allowed us to fully subscribe it faster than any other offering CAI has brought to the market. We continue to seek out assets that will generate the same interest and excitement.

Headquartered in Las Vegas, CAI Investments is a real estate development company that finances, develops and manages commercial properties in key markets across the United States.

View The DI Wire News Article

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