Full cycle

Capital Square Sold Riverwood Corporate Center in June 2021, Taking the Offering Full Cycle

The Delaware Statutory Trust (DST) held commercial property and was first offered to investors under a 506(b) exemption in January 2013.

Published Updated

Capital Square sold the property held by CSRA Riverwood Corporate Center, DST on June 10, 2021, taking the offering full cycle. The sponsor lists the program as completed on its published full-cycle track record.

The Trust opened with a $6.54 million equity ceiling and a $25,000 minimum investment, terms set out in its first Form D, filed January 7, 2013. Measured from that filing to the sale, the hold ran 8.4 years. Top1031's record also carries 8.3 years for the same program; this report relies on the 8.4-year figure because both dates behind it sit on the public record.

Measure

The sponsor's stated result

Sale price

$18,500,000, as reported by the sponsor in its full-cycle track record

Return on equity

159%, as reported by the sponsor in its full-cycle track record

Annualized return

7.22%, as reported by the sponsor in its full-cycle track record

No equity multiple accompanies those figures, and the track record does not state how the return was calculated. The Form D that opened the offering carries no distribution terms; those lived in the private placement memorandum, which is not part of the public record.

Capital Square Sold Riverwood Corporate Center in June 2021, Taking the Offering Full Cycle