What happened to BC Industrial Exchange Portfolio I DST?

BC Industrial Exchange Portfolio I DST is a Historical offering. Converted into REIT units (721 exchange), as reported by Black Creek Exchange.

Did BC Industrial Exchange Portfolio I DST convert into REIT units through a 721 exchange?

Converted into REIT units (721 exchange), as reported by Black Creek Exchange. In a 721 exchange, or UPREIT, the DST’s property is contributed to a REIT’s operating partnership and investors receive operating-partnership units instead of cash.

BC Industrial Exchange Portfolio I DST

How it ended

Moved into a REIT, per the REIT's SEC filing

Converted into REIT units (721 exchange).

Sponsor document (opens in a new tab)

Key facts

Minimum investment: $500,000
From the Form D
Offering size: $153,650,000
Equity offered, per the Form D
Sold: 100%
Form D, Apr 6, 2022; the % is our arithmetic
Investors reported: 66
Form D, Apr 6, 2022
Selling commissions: $0 · 0.0% of offering
Form D Item 15; the % is our arithmetic
Offered under: Rule 506(b)
General advertising and solicitation are not permitted under this exemption.

Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →

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Ask a 1031 specialist about this recordFree. About: BC Industrial Exchange Portfolio I DST. Top1031 is not a broker-dealer.

Debt

Converted to a REIT (721): Yes: converted into REIT units
Sponsor document

Costs and terms from the Form D

Selling commissions: $0 · 0.0% of offering
Finders’ fees: $0
Paid to officers, directors and promoters: $5,240,774 · 3.4% of offering
Form D Item 16
· The filing’s note: “Estimate includes 0.05% Management Fee, 2% Placement Fee, and 1.25% Facilitation Fee.”
Broker-dealers named in the Form D: 1 named in the Form D
Show the firms
Morgan Stanley · CRD 149777
Individual representatives named in Item 12 are not listed.
Date of first sale: Jun 10, 2021
Minimum investment: $500,000

Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.

Legal Trust name: BC Industrial Exchange Portfolio I DST
SEC CIK: 1862030
First Form D: May 13, 2021
Latest Form D: Apr 6, 2022
Filings on record: 3
Offered under: Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing: Read the filings on SEC EDGAR

SEC Form D filings, newest first

SEC Form D filings for BC Industrial Exchange Portfolio I DST, newest first
Filed	Form	Offering amount	Amount sold	Investors	Filing on SEC EDGAR
Apr 6, 2022	Form D/A	$153,650,000was $158,811,370	$153,650,000+$88,784,357	66+52	EDGAR
Jun 24, 2021	Form D/A	$158,811,370	$64,865,643+$64,865,643	14	EDGAR
May 13, 2021	Form D	$158,811,370	$0		EDGAR

Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.

A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

What happened to BC Industrial Exchange Portfolio I DST?: BC Industrial Exchange Portfolio I DST is a Historical offering. Converted into REIT units (721 exchange), as reported by Black Creek Exchange.
Did BC Industrial Exchange Portfolio I DST convert into REIT units through a 721 exchange?: Converted into REIT units (721 exchange), as reported by Black Creek Exchange. In a 721 exchange, or UPREIT, the DST’s property is contributed to a REIT’s operating partnership and investors receive operating-partnership units instead of cash.; How a DST-to-721 UPREIT exit works

Picked by sponsor, asset type and state, newest filing first, never by Grade.

More from Black Creek Exchange

Offering	Minimum	Offering size	Status	Latest Form D
BC Industrial Exchange Portfolio III DST NROlder programs, no outcome found	$500,000	$132,050,000	Historical	May 31, 2022
BC Exchange Clayton Commerce Center DSTEllenwood, GA NROlder programs, no outcome found	$500,000	$66,216,508	Historical	Apr 18, 2022
BC Exchange Reno Logistics Center DST NROlder programs, no outcome found	$500,000	$70,050,000	Historical	Apr 14, 2022

DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current offering documents before investing.