Murphy's Self Storage
Self-storage in North Franklin, CT — sponsor not disclosed
Files with the SEC as Murphy Self Storage DST
Sponsor not disclosed
Minimum investment
$100k
Offering size
$6.6M
How much has sold
43.0%
Asset type
Self-storage
Location
North Franklin, CT
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Murphy Self Storage DST is a Delaware statutory trust — a structure that lets 1031 exchangers hold a fractional real estate interest — that filed a Form D, the SEC notice for a private unregistered offering, on October 27, 2022.1 Directory data describes a self-storage facility in North Franklin, Connecticut under the Murphy's Self Storage brand, but no filing names a property, a sponsor entity, or any debt.
Show sources (7)Hide sources (7)
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?
No SEC filing on record names the trust's property. Sponsor-side marketing lists a Murphy's Self Storage facility at 25 Murphy Road in North Franklin, Connecticut, managed by Osprey Storage.5 The size figures shown here come from that marketing, and the link is unresolved: the DST listing page and the operator's own page for the same site give different unit counts.4
- Reported location
- North Franklin, CT
- Property size
- 298 units; 43,750 RSF; 87% average occupancy
Who is the tenant, and what's the lease?
Self-storage carries no single tenant — income comes from many individual renters rather than one long lease, so occupancy can turn over month to month. The operator's page for the North Franklin facility describes month-to-month customer leases.5
How did it end?
No sale or other ending on record
Osprey DST Investments' website still lists Murphy's Self Storage (North Franklin, CT) as one of its active DST portfolio properties and Osprey Storage actively markets the facility for new tenants, providing dated affirmative evidence the trust continues to own and operate the facility rather than having completed a full-cycle sale.
Self-storage facility in North Franklin, CT operated by Osprey Storage (Murphy's Self Storage brand). Sponsor: Osprey DST Investments (affiliated with Osprey Storage). Form D filed Oct 27, 2022.
298 units; 43,750 RSF; 87% average occupancySupporting evidence
How is it financed, and what does it pay?
Nothing in the public record establishes how this trust is capitalized. The Form D does not address debt, and no lender, loan, or all-cash structure appears in any filing on record.
Who's behind it?
The Form D names no sponsor entity. It lists Matthew Ricciardella and Michael Hammill as executive officers and managers of the sponsor.2 SEC records identify the issuer as a Delaware entity with a Las Vegas, Nevada address.1 Top1031's enrichment data associates the trust with Osprey DST Investments, an affiliate of the Osprey Storage brand, though no filing on record confirms that relationship.
- Sponsor
- Sponsor not disclosedThe filing does not identify a sponsor we can confirm.
- Legal Trust name
- Murphy Self Storage DST
- May convert to a REIT
- No
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The original notice and an amendment were filed the same day; the amendment reported subscriptions yet indicated first sale had not occurred, and said the offering was not intended to last more than one year.3 The exemption used bars general advertising and limits buyers to accredited investors. Nothing has been filed since.
- Form D filedFirst and latest filing on record.
- Filings on record
- 2
- 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 Murphy's Self Storage?
Top1031 lists Murphy's Self Storage as historical. It is no longer raising money.
Where does Top1031 get the data for Murphy's Self Storage?
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.
Is Murphy Self Storage DST still open to new investors?
Unconfirmed. The last SEC filing for this trust is dated October 27, 2022, and that amendment stated the offering was not intended to last more than one year.[3] No later filing, closing notice, or fully-subscribed announcement appears in the record, so the trust's current status cannot be verified from public sources. Anyone mid-exchange would need to confirm availability directly with the offering party.
Who sponsors this DST?
The Form D does not name a sponsor entity. It names Matthew Ricciardella and Michael Hammill as executive officers and managers of the sponsor.[2] Top1031's data associates the trust with Osprey DST Investments, an affiliate of the Osprey Storage brand, but no filing on record establishes that link.
What property does the trust actually own?
No SEC filing names one. Sponsor-side marketing points to Murphy's Self Storage at 25 Murphy Road in North Franklin, Connecticut, operated by Osprey Storage.[5] Because that page does not identify the trust as owner, and because the marketing and operating pages report different unit counts, the property link remains unresolved in the public record.[4]
Does the trust carry a mortgage?
Unknown. Form D filings do not disclose property-level debt, and no loan documents, lender name, or all-cash statement appears in any source on record for this trust. Leverage, loan-to-value, and any interest-only period would be described in the private placement memorandum (PPM), the offering document delivered to prospective investors.
Could this trust convert into a REIT interest?
Top1031's record shows no 721/UPREIT exit — the path where a DST's property is contributed to a REIT's operating partnership in exchange for units, converting a real estate interest into a securities interest. Absent that feature, the expected end is a sale of the property, though no exit terms are documented in the public record here.
What does Rule 506(b) mean for me as an investor?
506(b) is the private-placement exemption that lets an issuer raise money without registering with the SEC, provided it does not advertise publicly and sells essentially only to accredited investors — people meeting SEC income or net-worth tests. In practice, you generally must be introduced to the offering through an existing relationship rather than finding it advertised.
Chapter 9Murphy's Self Storage DST listingSponsor listing for the Murphy's Self Storage DST: 298 units, 43,750 RSF, 87% avg occupancy, North Franklin CT.