Osprey Storage Mankato DST
Self-storage property in North Mankato, MN · sponsored by Osprey Storage
Osprey Storage Mankato DST was a DST sponsored by Osprey Storage that owned a self-storage property in North Mankato, MN (894 units). Its last Form D was filed Jul 30, 2024.
How it ended
No outcome recorded · under 7 years
Last Form D filed Jul 30, 2024.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $15,983,516Equity offered, per the Form D
- Sold
- 50.2%Form D, Jul 30, 2024; the % is our arithmetic
- Investors reported
- Form D, Jul 30, 202434
- Selling commissions
- Form D Item 15; the % is our arithmetic$1,438,516 · 8.9% of offering
- 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 →
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Ask a 1031 specialist about this recordFree. About: Osprey Storage Mankato DST. Top1031 is not a broker-dealer.Osprey Storage Mankato DST · North Mankato, MN · Photo: cloud.golocal.com
What did Osprey Storage Mankato DST own?
The Trust holds one self-storage facility operating as Osprey Storage Mankato at 1717 Howard Drive in North Mankato, Minnesota, where the operator advertises gated access, drive-up units, 24/7 video surveillance and extended access hours. 2 Osprey DST Investments reported average occupancy of about 86% for the property at the time of the offering. 3 The Form D discloses no purchase price or acquisition date, so how and when the property was bought is not in the public record. 1
- Reported location
- North Mankato, MN
- Property size
- 894 units / 154,516 sq ft
How was it financed, and what did it cost to sell?
The Form D does not state whether the Trust carries mortgage debt or bought the property all-cash, and no lender is named in the public filing. 1 Any financing terms would sit in the offering documents.
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
- $1,438,516 · 8.9% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $208,500 · 1.3% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Emerson Equity LLC · CRD 130032
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Oct 30, 2023
- 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.
Who's behind Osprey Storage Mankato DST?
Osprey Storage markets 1031 exchange offerings through Osprey DST Investments, whose site lists this Trust alongside a Richmond, Texas Portfolio and Murphy's Self Storage. 3 The Form D names Matthew Ricciardella and Michael Hammill as managers of the sponsor, with Ricciardella also managing the Trust's signatory trustee. 1 The facility's operating brand is tied to Crystal View Capital Management, LLC, doing business as Osprey Management, per the Osprey Storage terms of service dated July 28, 2025. 4
- Sponsor
- Offerings on record
What does the SEC record show?
The Trust reported its date of first sale as October 30, 2023, months before the notice reached EDGAR. 1 It is sold as a private placement — no public advertising, and buyers must be accredited investors meeting SEC income or net-worth tests. The SEC record reviewed shows no amendment since. 5
- Legal Trust name
- Osprey Storage Mankato DST
- SEC CIK
- 2031975
- First Form D
- Jul 30, 2024
- Latest Form D
- Jul 30, 2024
- Filings on record
- 1
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $15,983,516 | $8,032,958 | 34 | 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 Osprey Storage Mankato DST?
- Osprey Storage Mankato DST is a Historical offering. Last Form D filed Jul 30, 2024.
- What does this Trust actually own?
- A single self-storage facility at 1717 Howard Drive, North Mankato, Minnesota, operating under the Osprey Storage Mankato name. Osprey DST Investments reported 894 units, 154,516 rentable square feet, and average occupancy of about 86% for the property at the time of the offering. It is a one-property Trust, so there is no diversification across markets or buildings.
- Is there a single tenant or a long-term lease?
- No. Self-storage income comes from many individual renters on month-to-month agreements, which the operator advertises for this facility. The Form D discloses no lease terms, no guarantor, and no tenant concentration data, so revenue depends on keeping units filled at prevailing rates rather than on one corporate tenant's credit.
- Does the Trust use mortgage debt?
- The public record does not say. A Form D notice does not require disclosure of debt, lenders, or loan-to-value, and this filing names none. Whether the Trust is leveraged or all-cash — and, if leveraged, the loan terms and maturity — would be spelled out in the offering documents, which an accredited investor receives from the sponsor or their representative.
- Can this Trust convert into a REIT through a 721/UPREIT exit?
- The record shows no 721/UPREIT provision — that is, no arrangement to contribute the property to a real estate investment trust in exchange for operating-partnership units at the end of the hold. Absent such a provision, an exit would typically be a property sale, and no sale or other ending is reported for this Trust.
- How much of the paperwork history is on file?
- The Trust filed a Form D notice on July 30, 2024 reporting a first sale of October 30, 2023, and the SEC record reviewed shows no amendment after that. Because Form D data is a point-in-time snapshot, subscription figures can be stale; current availability has to be confirmed with the sponsor, Osprey DST Investments.
- Who operates the facility day to day?
- It runs under the Osprey Storage brand, whose website ties the operating company to Crystal View Capital Management, LLC doing business as Osprey Management, per terms of service dated July 28, 2025. That establishes an operator or affiliate relationship with the storage platform; it is not by itself proof of who holds title to the property.
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.