Cantor Fitzgerald Income Trust (CFIT) completed a Section 721 exchange rollover of CF Net Lease Portfolio IV DST into CFIT operating partnership units in December 2024, ending the Delaware Statutory Trust (DST) as a standalone vehicle, per CFIT's quarterly update for the fourth quarter of 2024. The consideration was units in the REIT's operating partnership, not shares of the REIT.
That update is identified only as CFIT's Q4 2024 Quarterly Update. It carries no publication date and no locator in the material behind this report, so a reader cannot pull the one document the completion rests on. Its date for the event is December 4, 2024. The exit date carried in the directory record is December 1, 2024, a field with no document behind it, and the two do not reconcile; December 4 is the date a source states, and it is the date this report relies on. From the first Form D filing to the exit date on the record, the hold period is 7.2 years. No SEC filing describing the roll is cited here.
Item | Record |
|---|---|
Trust | CF Net Lease Portfolio IV DST |
Sponsor | CF Net Lease Portfolio Manager IV |
Asset class | Commercial |
Exemption | 506(b) |
Offering amount, maximum | $13,847,646 |
Minimum investment | $25,000 |
First Form D filed | |
Exit type | Section 721 UPREIT roll (contribution to a REIT for operating-partnership units) |
What holders of the Trust's beneficial interests received is not on the record. There is no disposition value, no count of units issued, no exchange ratio, and no return figure of any kind. Whether third-party beneficial interests were outstanding at the time of the roll also cannot be determined from the documents available here.
This one is documented by a date, a mechanism, and the fact of completion.