Top1031

BB&T Financial Center

Office property in Winston-Salem, NC · sponsored by Inland Private Capital

Historical · soldSold Jan 2015 · last Form D Aug 17, 2012inlandgroup.com (opens in a new tab)

BB&T Financial Center was a DST sponsored by Inland Private Capital that owned an office property in Winston-Salem, NC. Sold Jan 2015.

How it ended

Sold, result reported by the sponsor

Sold Jan 2015.

Date
Jan 6, 2015

Source: cited report (opens in a new tab)

Inland Private Capital has 8 active offerings on record →

Key facts

Minimum investment
$25,000
From the Form D
Offering size
$24,494,554
Equity offered, per the Form D
Sold
100%
Form D, Aug 17, 2012; the % is our arithmetic
Investors reported
54
Form D, Aug 17, 2012
Selling commissions
$1,714,619 · 7.0% of offering
Form D Item 15; the % is our arithmetic
Financing
Leveraged. This offering reports mortgage debt on the property.
How it is financed ↓
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 →

Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.

Ask a 1031 specialist about this recordFree. About: BB&T Financial Center. Top1031 is not a broker-dealer.

What did BB&T Financial Center own?

The BB&T Financial Center is a Class A office tower on a 1.22-acre parcel at 200 West Second Street in downtown Winston-Salem, served by a 656-space subterranean garage. 1 Inland Private Capital states it purchased the building in January 2012 and held it for one of its 1031 exchange programs. 2 The Form D filings on record do not state an acquisition price or seller.

Reported location
Winston-Salem, NC
Property size
239,854 rentable sq ft; 19 stories (offering documents)

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

This was a leveraged Trust: the property carried a $15,360,750 first mortgage from Ladder Capital Finance I LLC, which the offering documents describe as non-recourse to investors — the lender's remedy was the property, not investors personally. 1

Debt

Financing
Leveraged. This offering reports mortgage debt on the property.

Costs and terms from the Form D

Selling commissions
$1,714,619 · 7.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$1,848,645 · 7.5% of offering
Form D Item 16
Broker-dealers named in the Form D
25 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Feb 15, 2012
Minimum investment
$25,000

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 Trust filed an initial Form D — the short notice an issuer files with the SEC after its first sale of securities — then successive amendments through 2012 that stepped the reported sales figure up to the full offering amount. It was offered under Rule 506(b), the private route that bars general advertising, to accredited investors.

Legal Trust name
Winston-Salem Office DST
SEC CIK
1543600
First Form D
Mar 1, 2012
Latest Form D
Aug 17, 2012
Filings on record
8
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$24,494,554
$24,494,554+$251,580
54+1
EDGAR
Form D/A$24,494,554
$24,242,974+$1,351,498
53+5
EDGAR
Form D/A$24,494,554
$22,891,476+$2,560,771
48+13
EDGAR
Form D/A$24,494,554
$20,330,705+$1,238,109
35+5
EDGAR
Form D/A$24,494,554
$19,092,596+$2,080,251
30+4
EDGAR
Form D/A$24,494,554
$17,012,345+$603,764
26+6
EDGAR
Form D/A$24,494,554
$16,408,581+$14,427,236
20+8
EDGAR
Form D$24,494,554
$1,981,345
12
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 BB&T Financial Center?
BB&T Financial Center is a Historical offering. Sold Jan 2015.
What outcome was reported when the Trust went full cycle?
Inland’s sponsor table records a December 19, 2014 sale and a 120.53% total return, as reported by the sponsor. Its January 6, 2015 announcement separately describes approximately $25 million in aggregate net proceeds. Net proceeds and investor total return are different measures.
Was the property the Trust's only asset?
Yes. The cited offering documents identify the BB&T Financial Center as the Trust’s property and identify no other property. The sponsor table records a December 19, 2014 sale.
Was the Trust leveraged or all-cash?
Leveraged. The offering documents describe a first mortgage from Ladder Capital Finance I LLC secured by the property and non-recourse to investors, meaning investors were not personally liable for repayment. Loan terms, extensions, and prepayment penalties should be read in the offering documents themselves.
What has happened to the building since the sale?
Triad Business Journal reported on August 11, 2026 that the former BB&T Financial Center at 200 W. 2nd St. was headed to a September auction with bidding starting at $300,000, and described the building as empty since 2021. That reporting does not name Winston-Salem Office DST and concerns the property long after the December 2014 sale.
Did this Trust convert into a REIT through a 721 or UPREIT exit?
No. The record shows no REIT conversion; a 721/UPREIT exit is the alternative structure in which DST investors contribute their real estate interest to a REIT's operating partnership for REIT units instead of receiving sale proceeds. Here the exit was reported as a cash sale.

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.