Top1031

Murphy's Self Storage

Self-storage property in North Franklin, CT · sponsored by Osprey Storage

HistoricalLast Form D filed Oct 27, 2022 (opens in a new tab)

Murphy's Self Storage was a DST sponsored by Osprey Storage that owned a self-storage property in North Franklin, CT (298 units). Its last Form D was filed Oct 27, 2022.

How it ended

No outcome recorded · under 7 years

Last Form D filed Oct 27, 2022.

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$6,598,126
Equity offered, per the Form D
Sold
42.6%
Form D, Oct 27, 2022; the % is our arithmetic
Investors reported
8
Form D, Oct 27, 2022
Selling commissions
$661,126 · 10.0% 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.
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: Murphy's Self Storage. Top1031 is not a broker-dealer.

What did Murphy's Self Storage own?

No SEC filing on record names the trust's property. Sponsor-side marketing lists a Murphy's Self Storage facility at 25 Murphy Road in North Franklin, Connecticut, managed by Osprey Storage. 5 The size figures shown here come from that marketing, and the link is unresolved: the DST listing page and the operator's own page for the same site give different unit counts. 4

Reported location
North Franklin, CT
Property size
298 units; 43,750 RSF; 87% average occupancy

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

Nothing in the public record establishes how this trust is capitalized. The Form D does not address debt, and no lender, loan, or all-cash structure appears in any filing on record.

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
$661,126 · 10.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$114,000 · 1.7% of offering
Form D Item 16
Broker-dealers named in the Form D
1 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Not in the Form D
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 original notice and an amendment were filed the same day; the amendment reported subscriptions yet indicated first sale had not occurred, and said the offering was not intended to last more than one year. 3 The exemption used bars general advertising and limits buyers to accredited investors. Nothing has been filed since.

Legal Trust name
Murphy Self Storage DST
SEC CIK
1951062
First Form D
Oct 27, 2022
Latest Form D
Oct 27, 2022
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$6,598,126
$2,815,500+$2,815,500
8
EDGAR
Form D$6,598,126
$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.

Common questions

What happened to Murphy's Self Storage?
Murphy's Self Storage is a Historical offering. Last Form D filed Oct 27, 2022.
Who sponsors this DST?
The Form D does not name a sponsor entity. It names Matthew Ricciardella and Michael Hammill as executive officers and managers of the sponsor. Top1031's data associates the trust with Osprey DST Investments, an affiliate of the Osprey Storage brand, but no filing on record establishes that link.
What property does the trust actually own?
No SEC filing names one. Sponsor-side marketing points to Murphy's Self Storage at 25 Murphy Road in North Franklin, Connecticut, operated by Osprey Storage. Because that page does not identify the trust as owner, and because the marketing and operating pages report different unit counts, the property link remains unresolved in the public record.
Does the trust carry a mortgage?
Unknown. Form D filings do not disclose property-level debt, and no loan documents, lender name, or all-cash statement appears in any source on record for this trust. Leverage, loan-to-value, and any interest-only period would be described in the offering documents.
Could this trust convert into a REIT interest?
Top1031's record shows no 721/UPREIT exit — the path where a DST's property is contributed to a REIT's operating partnership in exchange for units, converting a real estate interest into a securities interest. Absent that feature, the expected end is a sale of the property, though no exit terms are documented in the public record here.

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.