Osprey Storage Texas Portfolio
Self-storage property in Big Spring and Vernon, TX · sponsored by Osprey Storage
Osprey Storage Texas Portfolio was a DST sponsored by Osprey Storage that owned a self-storage property in Big Spring and Vernon, TX (1,097 units). Its last Form D was filed Oct 4, 2024.
How it ended
No outcome recorded · under 7 years
Last Form D filed Oct 4, 2024.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $5,643,006Equity offered, per the Form D
- Sold
- 2.4%Form D, Oct 4, 2024; the % is our arithmetic
- Investors reported
- Form D, Oct 4, 20241
- Selling commissions
- Form D Item 15; the % is our arithmetic$507,871 · 9.0% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.How it is financed ↓
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
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 Texas Portfolio. Top1031 is not a broker-dealer.Osprey Storage Texas Portfolio · Photo: static.wixstatic.com
What did Osprey Storage Texas Portfolio own?
Osprey DST Investments markets this Trust as a four-property self-storage assemblage in Big Spring and Vernon, two small Texas towns, and reports average occupancy of 88% across them. 1 Osprey Storage's operator pages list facilities in both towns, including MRC Self Storage in Big Spring, though those pages do not themselves state DST ownership. 2 Neither the Form D nor available sponsor material gives an acquisition date or purchase price.
- Reported location
- Big Spring and Vernon, TX
- Property size
- 1,097 units / 193,786 rentable sq ft
How was it financed, and what did it cost to sell?
The available record — a single Form D and the sponsor's marketing page — does not say whether the Trust carries mortgage debt or holds the facilities free and clear. No lender, loan amount, or maturity appears in the public filings.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $507,871 · 9.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $183,250 · 3.2% 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 1, 2024
- 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.
Who's behind Osprey Storage Texas Portfolio?
Osprey Storage is the operating brand under which the facilities are rented; Osprey DST Investments is the affiliate that markets 1031 exchange offerings such as this one. 1 The Form D names Matthew Ricciardella and Michael Hammill as executive officers and managers of the sponsor, with Ricciardella signing on its behalf. 4 The issuer reports a principal place of business at 9515 Hillwood Drive, Las Vegas, Nevada. 3 No trade-press article naming this Trust was located.
- Sponsor
- Offerings on record
What does the SEC record show?
- Legal Trust name
- OSPREY STORAGE TX PORTFOLIO DST
- SEC CIK
- 2039592
- First Form D
- Oct 4, 2024
- Latest Form D
- Oct 4, 2024
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $5,643,006 | $137,722 | 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 Texas Portfolio?
- Osprey Storage Texas Portfolio is a Historical offering. Last Form D filed Oct 4, 2024.
- What does this DST actually own?
- Osprey DST Investments markets the Trust as four self-storage facilities across Big Spring and Vernon, Texas, totaling 1,097 units and 193,786 rentable square feet, with sponsor-reported average occupancy of 88%. The Osprey Storage operator brand lists facilities in both towns — MRC Self Storage in Big Spring and Texoma, North Texas, and Vernon Self Storage in Vernon — but those operator pages do not by themselves confirm which entity owns them.
- Does the Trust use mortgage debt?
- Not established. The offering documents would be the place that discloses any debt.
- Who is the tenant, and what happens if occupancy falls?
- There is no single tenant. Self-storage income comes from individual customers on month-to-month rentals, which means rents can reset quickly in either direction and there is no long-term lease or corporate guarantor behind the cash flow. The 88% average occupancy figure is reported by the sponsor and is not independently audited in the available evidence.
- Can this Trust roll into a REIT at the end?
- The record shows no 721/UPREIT feature — the exit in which DST investors contribute their interests to a REIT's operating partnership for REIT units. Absent that structure, an exit would typically be a sale of the properties, after which investors may attempt another 1031 exchange.
- Who is behind the offering?
- Osprey Storage operates the facilities and Osprey DST Investments markets the 1031 offering. The Form D identifies Matthew Ricciardella and Michael Hammill as executive officers and managers of the sponsor, and lists a principal place of business in Las Vegas, Nevada. It is a small platform: three offerings from this sponsor appear in Top1031's record.
In the news
Sources
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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.