Chicagoland Grocery Venture II DST reached full cycle on May 18, 2016, when the property it held was sold. The Delaware Statutory Trust (DST) offering was made under Rule 506(b), and its Form D was filed on November 26, 2013. That filing names no property, no address and no tenant.
Top1031's inputs carry two hold figures for the Trust: 2.58 years, and 2.5 years derived from the filing date and the sale date. This report relies on 2.5 years, because that figure follows directly from the two dates the record establishes.
Inland Private Capital's account of the result appears in the track record for Sun Belt Multifamily Portfolio III DST, a later offering, where the Chicagoland Grocery Venture II row is marked completed.
Item | Figure |
|---|---|
Offering ceiling as filed | $7,462,604 |
Minimum investment | $25,000 |
Gross sale price | $25,000,000, as reported by the sponsor in its prior-performance table |
Total return | 156.92%, as reported by the sponsor in the same prior-performance table |
Annualized return | 21.14%, as reported by the sponsor in that table |
Equity multiple | 1.57x, as reported by the sponsor in the same table |
The memorandum row does not state the debt the Trust carried, so the capital structure that stood behind the sale is not on the record. Neither is the property itself: no document in the record identifies what was bought or what was sold.
The disposition enters Top1031's cumulative full-cycle record for Inland Private Capital, which carried eight before it.