On December 4, 2024, CFIT completed a Section 721 exchange that rolled CF Net Lease Portfolio III DST into CFIT operating-partnership units, ending the trust as a standalone vehicle, per CFIT's Q4 2024 Quarterly Update. The offering had been open since it filed its first Form D on February 15, 2017, about 7.8 years earlier.
Offering as filed | |
|---|---|
Asset class | Commercial |
Exemption | 506(b) |
Offering ceiling | $45,322,000 |
Minimum investment | $25,000 |
CFIT's update dates the completion to December 4, 2024; Top1031's structured record carries December 1, 2024. This report follows the date the sponsor's update states. The update states no sale price, total return, or equity multiple for the offering.
The roll is the second full cycle Top1031 records for CF Net Lease Portfolio Manager II, the sponsor of record on the Form D.