The Cincinnati manufacturing plant behind CAI Investments Healthcare Products I, DST lost its tenant. Cincinnati.com, WLWT and Local12 reported a rent default by VVF, a move-out and closure, liens recorded against the property, and a judgment exceeding $30 million in December 2024. AltsWire and CAI Investments tie the Trust to that asset.
Then the plant filled again. Local12 reported a May 2025 master lease to USMGC, with CAI Investments owning and managing the facility.
No sale of the property appears in the record, and no sponsor announcement of a result to investors appears in it either. Who holds title, the record does not address.
Record | |
|---|---|
Sponsor | CAI Investments |
Property | 5177 Spring Grove Avenue, Cincinnati |
Asset class | Commercial |
Exemption | 506(b) |
First Form D | March 29, 2022 |
Offering amount | $25,758,433 |
Minimum investment | $100,000 |
Disposition on record | Distressed outcome, December 9, 2024 |
Sale price | not stated |
Reported return | not stated |
Interval from first Form D | 2.7 years |
The Form D gives the size, the minimum and the exemption. The PPM will state the distribution terms, and the PPM is not a public document.
What the record establishes is a change of tenancy and a period in which rent went unpaid and claims were filed against the occupant. Nothing in it speaks to the eventual result for the beneficial owners.