The property held by Charlotte Office 1031 DST was sold on March 30, 2016. That sale ended the offering, and Inland Private Capital carries the Trust among its completed programs.
What the sponsor reports of the result:
Measure | Reported |
|---|---|
Sale price | $37,959,165, as reported by the sponsor in the prior-performance disclosure in a later program's PPM |
Total return | 76.61%, as reported by the sponsor in the prior-performance disclosure in a later program's PPM |
Annualized return | 2.86%, as reported by the sponsor in the prior-performance disclosure in a later program's PPM |
Equity multiple | 1.24x, as reported by the sponsor in the prior-performance disclosure in a later program's PPM |
The record does not state what any of those figures is measured on. No methodology accompanies them, and no disposition announcement stands behind them.
Top1031 carries the hold at 10.42 years. Only one of the two dates behind that figure is on the record: the sale date is stated, the acquisition date is not.
The original terms are thinner still. The record holds no offering ceiling and no minimum investment for the Trust, no first filing date, and no 506(b) or 506(c) designation; the asset class is carried as Other Real Estate, though the marketing title names Charlotte and office. No offering document in the record states what the Trust originally disclosed to investors about distributions or hold, so the sponsor's reported result stands without the original terms beside it. The title is also all the record says of the asset itself: no source names the property, gives its address, or states its size.
Seven prior Inland Private Capital offerings appear on Top1031's record as full cycle. This sale adds Charlotte Office 1031 DST to that record.