Southern Star Storage IV - Rockport DST
Other property in Rockport, TX — sponsored by Southern Star Storage
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Southern Star Storage IV - Rockport DST is a Delaware statutory trust — a passive co-ownership vehicle whose interests qualify for 1031 exchange treatment — organized in 2023 to hold Kool Storage, a climate-controlled self-storage facility on TX-35 in Rockport, Texas.2 It filed a single Form D, the SEC's private-placement notice, in June 2023. Top1031 research reports the facility was later disposed of and left the trust.5
Show sources (6)Hide sources (6)
These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
The asset is Kool Storage at 2517 TX-35 in Rockport, on the Texas Gulf coast, identified by name and address in a 2023 equity interest purchase agreement filed with the SEC.2 AltsWire reported the offering comprised a single 480-unit climate-controlled self-storage property.3 A later SEC proxy states the Rockport property was contributed to a Southern Star-sponsored DST in May 2023 in exchange for 100% of its beneficial interests.4 No located source gives a year built or an original purchase price.
- Reported location
- Rockport, TX
Who is the tenant, and what's the lease?
Self-storage income comes from many month-to-month unit renters rather than a single corporate tenant, so there is no one lease to read. Research through August 2026 located no filing naming the trust's operator or master lessee, and none stating occupancy.
How did it end?
Sold
Top1031's September 1, 2024 full-cycle report names Southern Star Storage IV - Rockport DST and states that its 480-unit, 47,495-square-foot Rockport, Texas facility was disposed of, but states no sale price or investor-return figures [1].
How is it financed, and what does it pay?
A 2024 SEC proxy filed by Silver Star Properties describes the trust assuming a $4,935,000 loan secured by the Rockport property as part of an $8,368,109 sale of beneficial interests.4 That makes this a leveraged deal — mortgage debt sits ahead of investors in the capital stack.
Who's behind it?
Southern Star Storage sponsored self-storage DSTs from 10190 Katy Freeway in Houston, Texas.1 Its platform was affiliated with Silver Star Properties REIT, which announced on May 1, 2024 that monthly distributions to Southern Star-sponsored DSTs — a group it said included Rockport IV — were suspended effective April 15, 2024 pending an examination of Southern Star's operations, and that specific asset sales and trust dissolutions were under consideration.6 Top1031 research reports the Rockport facility was subsequently disposed of.5
- Sponsor
- Southern Star Storage
- Legal Trust name
- Southern Star Storage IV - Rockport DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 0 active / 3 total offerings from Southern Star Storage
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The trust reported a first sale on May 30, 2023 and a $100,000 minimum investment, and no amendment has followed.1 Units were offered privately rather than publicly advertised, meaning they went to accredited investors — people meeting SEC income or net-worth tests — through the sponsor's existing relationships.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- Source filing
- Read the filings on SEC EDGAR
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.
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 Private Placement Memorandum before investing.
Common questions
What happened to Southern Star Storage IV - Rockport DST?
Top1031 lists Southern Star Storage IV - Rockport DST as historical. It is no longer raising money.
Where does Top1031 get the data for Southern Star Storage IV - Rockport DST?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
What property did this Trust hold?
A single self-storage facility at 2517 TX-35 in Rockport, Texas, commonly known as Kool Storage, per a 2023 equity interest purchase agreement filed with the SEC. AltsWire described it in August 2023 as a 480-unit climate-controlled property, and Top1031 research puts it at 47,495 square feet.
Is the Offering still open to new investors?
The record contains one Form D from June 2023 and no later filings. AltsWire published an article on August 8, 2023 titled "Southern Self Storage Closes Fourth DST Offering," and Top1031's own record marks the Rockport Trust as closed to new investors. Treat it as a historical offering rather than a live one.
Was the Trust leveraged?
Yes, based on SEC filings by an affiliate. A 2024 Silver Star Properties proxy describes the trust assuming a $4,935,000 loan secured by the Rockport property as part of an $8,368,109 sale of beneficial interests. The Form D itself carries no debt disclosure, and no located source states the lender, rate, or maturity.
What happened to distributions?
Silver Star Properties REIT announced on May 1, 2024 that monthly distributions to Southern Star-sponsored DSTs, a group it said included Rockport IV, were suspended effective April 15, 2024 while it examined Southern Star's operations. The release did not state a Rockport-specific suspension or dissolution outcome.
Did the Trust go full cycle, and on what terms?
Top1031 research reports the Rockport facility was disposed of and left the trust, with a sponsor statement of a positive return on investment at disposition. No sale price, closing date, buyer, or investor-level proceeds appear in any located source, so the economic outcome for beneficial owners is not documented in the public record.
What does "Rule 506(b)" mean for how this was sold?
506(b) is the private-placement exemption that bars general advertising. The sponsor could only offer units to investors it already had a relationship with, and in practice to accredited investors — those meeting SEC income or net-worth thresholds. The Form D reported a $100,000 minimum investment on a $3,433,109 total offering.