Capital Square sold the property held by CS1031 Richmond VA Apartments, DST on December 12, 2023, bringing the program to full cycle. Beyond the trust's own marketing title, the record does not name the property, give a street address, or identify the buyer. The Form D classifies the asset as Commercial.
Record | Detail |
|---|---|
First Form D filing | |
Exemption | 506(c) |
Offering amount | $20,970,000 |
Minimum investment | $50,000 |
Exit type | Property sold |
Sale price | $53,250,000, as reported by the sponsor in its full-cycle track record |
Annualized return | 10.05%, as reported by the sponsor in its full-cycle track record |
Equity multiple | 1.56x, as reported by the sponsor in its full-cycle track record |
The hold is recorded at 5.2 years. Measured from the first Form D filing to the sale date, the record's own dates yield 5.1 years. The difference reflects two measurement points rather than any dispute about the transaction, and the disposition record carries the 5.2-year figure.
What the file does not carry is the offering's original terms. A Form D states no distribution terms, no private placement memorandum for this trust sits in the record, and the disposition record carries no total-return figure, so the disclosure investors received in 2018 cannot be set beside the result the sponsor reports.