CF Tribeca Multifamily DST reached full cycle on December 4, 2024, when CFIT completed a Section 721 exchange rollover of the Trust into CFIT operating partnership units, per CFIT's Q4 2024 Quarterly Update. The Delaware Statutory Trust (DST) ended as a standalone vehicle that day.
Two dates sit on the record. Top1031's disposition entry carries December 1, 2024; the update is the document that describes the transaction, so its date governs here.
The property, described in the update as an apartment building in Tribeca, New York City, went to the operating partnership on that basis.
Sponsor | CF Tribeca Manager |
Asset class | Residential |
Exemption | 506(b) |
Offering ceiling, first Form D | $24,480,000 |
Minimum investment | $25,000 |
First Form D filed | |
Exit type | Section 721 UPREIT roll, contribution to a REIT for operating-partnership units |
Hold period from dates | Five years, first Form D to the rollover |
No disposition value, total return, or equity multiple appears on the public record for this exit. The update reports that the rollover happened, not what it produced. Also absent: the valuation applied to the property in the exchange, the amount of unit consideration received, and how that consideration was allocated. The Form D carries no performance figures of any kind, and the private placement memorandum, which would state the distribution terms the offering originally set out, is not a public document.
This is the fourth full cycle on the sponsor's cumulative record.
What the documents establish is the mechanism and the date. What became of the units, and the eventual result for the holders of the Trust's interests, lives in records that have not been made public.