Austin Lakeshore Multifamily DST sold its property on February 22, 2018, closing an offering Inland Private Capital first brought to market on March 27, 2015.
Top1031's computed record carries two hold figures for the program: 2.9 years, measured from the first Form D filing to the sale date, and 3.01 years. This report uses 2.9 years, because that span derives directly from the two dates on the record.
Original offering | |
|---|---|
Sponsor | Inland Private Capital |
Offering ceiling | $22,351,864 |
Minimum investment | $25,000 |
Exemption | 506(b) |
Asset class (Form D) | Other Real Estate |
First Form D filing | March 27, 2015 |
The Form D gave the asset class as "Other Real Estate" (filing), while the Trust's marketing title names a multifamily property in Austin.
Inland Private Capital lists the program among the completed offerings on its full-cycle residential activity summary, which states a sale price of $50.5 million, as reported by the sponsor in that summary. The same document puts total return at 132.7%, as reported by the sponsor in its full-cycle residential activity summary, and the annualized return at 10.9%, as reported by the sponsor in the same summary. It carries no equity multiple for the program.
Those figures rest on the sponsor's own document. No SEC filing in the program's record states the sale price or what investors received at the end of the hold.