Yale Village Apartments, the affordable housing property in Houston that served as the underlying asset of BC Exchange Yale Village DST, was acquired by Fairstead on June 28, 2024, per Fairstead's announcement dated July 8, 2024. Black Creek Exchange had filed the Delaware Statutory Trust (DST) offering's first Form D on December 7, 2018. The record places the hold at 5.6 years. The date the Trust itself acquired the property is not in the public record, and neither is any individual investor's closing date.
Term | As filed |
|---|---|
Trust | BC Exchange Yale Village DST |
Sponsor | Black Creek Exchange |
Offering amount | $38,787,879 maximum |
Minimum investment | $250,000 |
Exemption | 506(b) |
Form D industry classification | Other Real Estate |
A reader working only from that filing would not learn what the Trust owned. The industry line reads Other Real Estate rather than Residential, and Form D does not call for the property to be named at all.
No disposition announcement from Black Creek Exchange appears on the public record. Nothing on the record states a total return, an annualized return, an equity multiple or a sale price for this Trust, so the eventual result for investors cannot be established from the documents available. The offering was sold under 506(b), without general solicitation, and the private placement memorandum that set the distribution terms is not a public filing; the Form D carries no performance figures.
Black Creek Exchange's published track record lists Yale Village among its completed programs.