Capital Square sold the Candleglow Apartments property in Brooksville, Florida, taking CSRA Candleglow Apartments, DST full cycle. Top1031's record places the disposition on September 24, 2020, after a hold of 5.3 years, and the program is listed as completed on the sponsor's published full-cycle track record.
The Trust's offering began with a Form D filed June 2, 2015 under Rule 506(c).
Term or result | Figure |
|---|---|
Offering ceiling | $8,495,000 |
Minimum investment | $25,000 |
Sale price | $13,825,000, as reported by the sponsor in its full-cycle track record brochure |
Total return on equity | 253.31%, as reported by the sponsor in the same brochure |
Annualized return | 21.31%, as reported by the sponsor in the same brochure |
Equity multiple | 2.53x, as reported by the sponsor in the same brochure |
The four reported results all trace to that one document.
The federal file does not document the exit. A Form D reports the sale of securities, not the sale of a building, and the distribution terms the private placement memorandum set out for investors are not on the public record. Neither is any cash distribution history for the hold, nor the identity of the buyer. Top1031 carries the offering's asset class as commercial; the Trust's marketing title names apartments.
Nine Capital Square DST offerings had reached full cycle ahead of this one. For Candleglow, the public trail is short: a Form D at one end, a line on the sponsor's track record at the other.