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Osprey Storage Richmond

Self-storage property in Richmond, KY · sponsored by Osprey Storage

HistoricalLast Form D filed Feb 8, 2023 (opens in a new tab)

Osprey Storage Richmond was a DST sponsored by Osprey Storage that owned a self-storage property in Richmond, KY (404 units). Its last Form D was filed Feb 8, 2023.

How it ended

No outcome recorded · under 7 years

Last Form D filed Feb 8, 2023.

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$6,238,477
Equity offered, per the Form D
Sold
6.4%
Form D, Feb 8, 2023; the % is our arithmetic
Investors reported
1
Form D, Feb 8, 2023
Selling commissions
$573,941 · 9.2% 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: Osprey Storage Richmond. Top1031 is not a broker-dealer.

What did Osprey Storage Richmond own?

Osprey Storage Richmond sits at 141 S Killarney Lane in Richmond, Kentucky, and operates under the Osprey Storage brand. 3 The sponsor's DST listing cites 91% average occupancy at the facility. 4 The facility page describes drive-up units, 24/7 access, and online rentals and bill pay. 3 The sources located do not establish when the property was acquired or at what price.

Reported location
Richmond, KY
Property size
404 units; 47,910 sq ft

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

The Form D does not disclose debt, and no lender, mortgage, or loan terms for this Trust surfaced in research. 1 Whether the property is held with a mortgage or free of debt is not established in the public 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
$573,941 · 9.2% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$54,000 · 0.8% 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
Jan 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. The issuer marked these amounts as an estimate.

What does the SEC record show?

The Form D reports a first sale on January 30, 2023 and was signed February 7, 2023. 2 Nothing has been amended, supplemented, or withdrawn since. The securities are beneficial interests in a Delaware statutory trust, offered privately to accredited investors without general advertising.

Legal Trust name
Osprey Storage Richmond DST
SEC CIK
1964701
First Form D
Feb 8, 2023
Latest Form D
Feb 8, 2023
Filings on record
1
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$6,238,477
$400,000
1
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 Richmond?
Osprey Storage Richmond is a Historical offering. Last Form D filed Feb 8, 2023.
What property does Osprey Storage Richmond DST own?
A single self-storage facility at 141 S Killarney Lane in Richmond, Kentucky, operated under the Osprey Storage brand. The sponsor's DST listing describes 404 units (including parking) and 47,910 rentable square feet, and cites 91% average occupancy. The facility page mentions drive-up units, 24/7 access, and online rentals and bill pay.
Who are the tenants, and how does the property earn income?
There is no single corporate tenant. Self-storage income comes from many individual renters, and the Osprey Storage Richmond page states that month-to-month rentals with no long-term commitment are available. That structure means revenue depends on ongoing occupancy and street rates rather than on a fixed long-term lease.
Is the Trust leveraged?
Not established. Whether the property carries a mortgage or is held free of debt would have to be confirmed from the offering documents or the sponsor.
What was the stated minimum investment?
The Form D reports a minimum investment of $100,000 for the beneficial interests in the Delaware statutory trust. As with any Regulation D private offering, participation is limited to accredited investors — those meeting the SEC's income or net-worth thresholds.
What is not known about this Trust?
The located record does not establish the acquisition date or purchase price, any mortgage or leverage, a master lease structure, or any sale, disposition, or amendment after the February 8, 2023 Form D. The sponsor's occupancy figure is undated. Nothing in the record reports an outcome for this Trust.

Sources

Show sources (7)Hide sources (7)

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.