CS1031 Crossroads Apartments, DST sold its property on January 2, 2019. Capital Square puts the sale price at $33.5 million, as reported by the sponsor in its full-cycle DST track record, and the same brochure states a total return of 145.25%, as reported by the sponsor in that document.
Item | Record |
|---|---|
First Form D | August 31, 2016 |
Exemption | 506(b) |
Offering amount, up to | $12,110,000 |
Minimum investment | $25,000 |
Exit type | Property sold |
Annualized return | 18.35%, as reported by the sponsor in its full-cycle track record |
Equity multiple | 1.45x, as reported by the sponsor in its full-cycle track record |
The two dollar figures are not a like comparison. The offering amount is the equity Capital Square offered to investors; the sale price is a gross figure the sponsor reports for the property. The Form D carries no performance figures, and the Trust's distribution terms are not in the public file - the private placement memorandum states them and was never filed. Top1031 carries the Trust under a commercial asset class.
Top1031's record places four Capital Square programs at full cycle ahead of this one. No dated announcement of the sale appears in the public file, and no third-party document reports a result to set beside the sponsor's own. A Form D at the start and a line on a track record at the end is the whole of it.