Capital Square announced on January 4, 2024 the sale of Komar Desert Center, the Costco shadow-anchored retail center in La Quinta, California, held by CSRA Komar Desert Center, DST. The Delaware Statutory Trust (DST) delivered a 146.60% total return, as reported by the sponsor in its January 4, 2024 announcement. The same announcement puts the result at a 5.26% annualized return, as reported by the sponsor and carried in AltsWire's January 4, 2024 report.
No public document states the distribution terms the offering carried, or the proceeds of the sale. The private placement memorandum is not a public document, and the Form D records the offering ceiling and the minimum investment and nothing about distributions. The sponsor's figures stand without an original number from the record beside them.
Item | Record |
|---|---|
Trust | CSRA Komar Desert Center, DST |
Sponsor | Capital Square |
Property | Komar Desert Center, La Quinta, California |
Asset class | Commercial |
Form D filed | January 7, 2015 (filing) |
Offering amount as filed | $26,413,000 |
Minimum investment | $25,000 |
Exemption claimed | 506(c) |
Disposition | Property sold, announced January 4, 2024 |
Hold period, Form D to announcement | 9 years |
Sale price | Not stated in the sponsor's announcement |
The span the dates establish runs from the January 2015 filing to the January 2024 announcement. Neither the date the Trust acquired the center nor the date the sale closed appears in the record, which is why the nine years is a filing-to-announcement span and not a hold the documents measure.
Komar Desert Center is the 14th.