Capital Square announced the sale of a medical building in Kinston, North Carolina, on October 11, 2023, leased to Bio-Medical Applications, the Fresenius affiliate named in the release. That announcement is the disposition on Top1031's record for CSRA ECU MOB, DST, a Delaware Statutory Trust (DST) offering whose first Form D reached the SEC on September 12, 2013.
Item | Record |
|---|---|
Asset class as filed | Commercial |
Offering amount | $4,075,000 |
Minimum investment | $25,000 |
Exemption | 506(b) |
Exit type | Property sold |
Sale price | not stated |
Total return | 147.63%, as reported by the sponsor in Capital Square's October 11, 2023 announcement |
Annualized return | 7.15%, as reported by the sponsor in that same announcement |
The Form D carries no distribution terms. Those sit in the PPM, which is not a public document, so the offering's original terms cannot be set beside the reported result. The announcement states no sale price, and neither figure it reports is broken out per investor or per unit.
Capital Square's page for the offering carries the same disposition figures under the Trust's own name, which is what ties the announcement to this filing.
Before this one, Top1031's record carried five Capital Square full cycles.