Woodshire Apartments sold on December 16, 2022. The sale took CS1031 Woodshire Apartments, DST, a Capital Square Delaware Statutory Trust (DST), full cycle at a price of $59.9 million, as reported by the sponsor in its full-cycle track record brochure.
The offering behind it was made under 506(c), and the Form D places it under Commercial real estate, a classification the filing does not explain.
Item | Record |
|---|---|
Trust | CS1031 Woodshire Apartments, DST |
Sponsor | Capital Square |
Form D filed | January 2, 2019 |
Exemption | 506(c) |
Maximum offering amount | $22,086,000 |
Minimum investment | $50,000 |
Disposition | Property sold, December 16, 2022 |
Hold period | 4 years |
Annualized return | 13.94%, as reported by the sponsor in its full-cycle track record brochure |
Equity multiple | 1.6x, as reported by the sponsor in the same brochure |
Total return | not stated |
Sale price and offering ceiling measure different things: one is the whole property, the other the equity the Trust was cleared to raise from investors.
Woodshire enters a Capital Square full-cycle record that counted 20 completed programs before it. The public documents on this one run from the Form D to the brochure: the exemption, the ceiling and the per-investor minimum at the front, the sponsor's reported exit figures at the end, and no distribution terms in the filings.