The property held by CS1031 Canopy Apartments, DST sold on February 16, 2022. The sale took full cycle a Delaware Statutory Trust (DST) that Capital Square launched with a Form D filed July 29, 2016.
One document in the record supplied carries the outcome: the full-cycle track record Capital Square publishes for its completed programs. Nothing else in that record reports the result.
Item | Detail |
|---|---|
Sponsor | Capital Square |
Exemption | 506(b) |
Offering amount | $8,825,000 |
Minimum investment | $25,000 |
Sale price | $26,180,000, as reported by the sponsor in its full-cycle track record |
Annualized return | 12.41%, as reported by the sponsor in the same track record |
Equity multiple | 1.78x, as reported by the sponsor in the same track record |
Total return | not stated |
The compilation states its annualized figure without stating how the figure was computed, and the record supplied carries no definition of the term. That record also goes no further than a commercial classification in describing the asset itself: no address, no unit count, no occupancy figure, and no document that identifies who bought the property from the trust.
Two hold figures sit in Top1031's data for this trust: 5.5 years, and 5.6 years measured from the first Form D to the sale date. This report relies on 5.6 years, because both of the dates behind it are documented.