Top1031

Waterford

Diversified portfolio · sponsored by Griffin Capital

Historical · soldSold Sep 2011, as reported by Griffin Capital · last Form D Jan 21, 2011Sponsor source (opens in a new tab)

Waterford was a DST sponsored by Griffin Capital that owned a diversified portfolio. Griffin Capital sold the property in Sep 2011, as reported by the sponsor.

How it ended

Sold, no result reported

Sold Sep 2011.

Date
Sep 16, 2011

Sponsor document (opens in a new tab)

Griffin Capital has 2 active offerings on record →

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$14,100,000
Equity offered, per the Form D
Sold
47.4%
Form D, Jan 21, 2011; the % is our arithmetic
Investors reported
4
Form D, Jan 21, 2011
Selling commissions
$669,297 · 4.7% of offering
Form D Item 15; the % is our arithmetic
Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
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: Waterford. Top1031 is not a broker-dealer.

What did Waterford own?

Public filings never identify the building. The original Form D classifies the underlying asset as residential real estate and names neither a property nor a location. 1 A Griffin Capital prospectus filed with the SEC refers only to "the Waterford property" and reports that it was disposed of in September 2011. 3 No acquisition date, price, or address appears in either record.

Property size
9-property diversified portfolio

How was it financed, and what did it cost to sell?

Debt

Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.

Costs and terms from the Form D

Selling commissions
$669,297 · 4.7% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$930,000 · 6.5% of offering
Form D Item 16
· The filing’s note: “Amount will be paid to Griffin Capital and/or its affiliates as the sponsor of the offering.”
Broker-dealers named in the Form D
3 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Jul 31, 2009
Minimum investment
$100,000

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.

What does the SEC record show?

The paper trail is short: an original notice of exempt offering and a single amendment that raised the reported amount sold, with nothing filed afterward. 2 The Trust was offered under Rule 506(b), the private-placement exemption that bars general advertising and limits sales essentially to accredited investors.

Legal Trust name
Griffin Capital (Waterford) Investors, DST
SEC CIK
1469748
First Form D
Aug 10, 2009
Latest Form D
Jan 21, 2011
Filings on record
2
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

FiledFormOffering amountAmount soldInvestors
Form D/A$14,100,000
$6,692,969+$5,827,969
4
EDGAR
Form D$14,100,000
$865,000
4
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.

Common questions

What happened to Waterford?
Waterford is a Historical offering. Sold Sep 2011, as reported by Griffin Capital.
What property did the Trust actually own?
That is unresolved in public sources. The original Form D classifies the underlying asset as residential real estate and reports no revenues, but names no property or location. The Griffin Capital prospectus refers only to "the Waterford property." No address, unit count, or tenant appears in either document.
Was there an outcome for investors?
Griffin Capital's SEC-filed prospectus reports that the Waterford property was disposed of in September 2011. The sources reviewed do not disclose the buyer, the sale price, or what beneficial owners received. Those details would sit in the sponsor's investor communications rather than in the Form D record.
Why is so little disclosed about this offering?
A Form D is a short notice of an exempt offering, not a disclosure document. It reports the offering amount, amounts sold, and minimum investment, but not the property, the lender, or the lease. The offering documents carried those facts, and offering documents are not filed with the SEC.

In the news

Sources

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These links support the record as a whole; individual details may come from different sources.

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.