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Southern Star Storage IV - Rockport DST

in Rockport, TX · sponsored by Southern Star Storage

HistoricalLast Form D filed Jun 28, 2023 (opens in a new tab)

Southern Star Storage IV - Rockport DST, sponsored by Southern Star Storage, filed its first Form D with the SEC on Jun 28, 2023 for a $3.4 million offering. Its last Form D was filed Jun 28, 2023.

How it ended

No outcome recorded · under 7 years

Last Form D filed Jun 28, 2023.

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$3,433,109
Equity offered, per the Form D
Sold
84.2%
Form D, Jun 28, 2023; the % is our arithmetic
Investors reported
3
Form D, Jun 28, 2023
Selling commissions
$274,649 · 8.0% of offering
Form D Item 15; the % is our arithmetic
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: Southern Star Storage IV - Rockport DST. Top1031 is not a broker-dealer.

What did the Trust own?

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

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

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.

Costs and terms from the Form D

Selling commissions
$274,649 · 8.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$274,110 · 7.9% 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
May 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 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.

Legal Trust name
Southern Star Storage IV - Rockport DST
SEC CIK
1983134
First Form D
Jun 28, 2023
Latest Form D
Jun 28, 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$3,433,109
$2,891,104
3
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 Southern Star Storage IV - Rockport DST?
Southern Star Storage IV - Rockport DST is a Historical offering. Last Form D filed Jun 28, 2023.
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.
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.
Did the Trust go full cycle, and on what terms?
A completed disposition and investor return are not established by the sources reviewed here. Silver Star announced that asset sales and trust dissolutions were among alternatives under consideration in 2024; this was not confirmation of a completed Rockport sale.
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.

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.