On April 23, 2026, MLG Capital announced it had acquired the Crosslakes Industrial Portfolio, the underlying real estate of CORE Pacific Crosslakes DST, taking the Trust full cycle. The five buildings sit in Grand Rapids, Michigan. The acquisition was structured as a recapitalization. No sale price was disclosed.
The Trust's original terms, as filed:
As originally filed | |
|---|---|
Sponsor | CP Crosslakes Manager |
Exemption | 506(b) |
Maximum offering | $19,150,000 |
Minimum investment | $25,000 |
First Form D | May 2, 2017 |
The dates place the hold at nine years. What the record does not establish is the result for investors: the acquisition announcement carried no total return and no equity multiple, and the Form D carried no performance figures. The event and the hold are documented; the economics of the exit are not.