CAI Investments Daytona announced the sale of the Daytona Beach, Florida property held by CAI Investments Daytona, DST on February 10, 2022. The disposition took the Delaware Statutory Trust (DST) full cycle, and the Sponsor's published track record lists the program as completed.
Item | Record |
|---|---|
Exit type | Property sold |
Sale announced | February 10, 2022 |
Sale price | $12,100,000, as reported by the sponsor in its announcement |
Offering opened | December 18, 2018, first Form D |
Maximum offering amount | $6,440,235, first Form D |
Minimum investment | $50,000, first Form D |
Exemption | 506(c) |
Asset class | Commercial |
Hold period | 3.1 years, first Form D to the announced sale |
No return figure accompanies the sale. The announcement carries no total return, no annualized return and no equity multiple, and the Form D carries no performance figures. The document that would set out the Trust's original distribution terms is the private placement memorandum, which is not public.
The record is also silent on what the Trust paid for the building and when it acquired it, whether it carried mortgage debt, how much of the ceiling the offering finally raised, the date the sale closed, and what each investor received at the end.
At the time of the sale, no earlier completed program appeared in the record for the Sponsor. This one was the first.