BR Grand Dominion, DST sold its property on August 8, 2022. The offering reached full cycle as a property sale rather than a roll into a REIT.
The Trust's Form D, filed October 12, 2017, names BR Grand Dominion DST Manager as the Sponsor and sets the terms below. It states no distribution terms. The private placement memorandum, which was never a public document, held those, and it is not in the public record.
As filed | |
|---|---|
Offering ceiling | $23,228,729 |
Minimum investment | $100,000 |
Exemption | 506(b) |
Asset class | Residential |
Top1031's record carries the hold two ways: 4.9 years for the offering, and 4.8 years derived from the October 12, 2017 filing date and the August 8, 2022 sale date. This report relies on 4.9 years, the hold the record carries for the offering itself, and states the date-derived 4.8 years beside it rather than reconciling the two.
The figures for the result come from Bluerock Value Exchange. The Form D's named Sponsor and the firm that announced the sale are different entities, and no document in the record states the relationship between them.
Reported result | |
|---|---|
Sale price | $71 million, as reported by the sponsor in its full-cycle announcement |
Equity multiple | 1.6x, as reported by the sponsor in the same announcement |
Average annual return | 12.2%, as reported by the sponsor in the same announcement |
A Form D records what an offering set out to raise, not how it ended. For this Trust, that announcement is the sole source in the record for the sale price, the equity multiple, and the average annual return, and Top1031 computes no returns of its own.