Capital Square announced on November 1, 2023 that it had sold the medical office building at 2503 E. Lyon Station Road in Creedmoor, North Carolina, near Raleigh and Durham, leased to Duke University Health System and held by CSRA NC MOB, DST.
The release reported the outcome to Delaware Statutory Trust (DST) investors as a 157.57% total return, as reported by the sponsor in its announcement of the sale, and a 7.29% annualized return, as reported by the sponsor in the same announcement. Capital Square distributed the announcement the same day on PR Newswire.
Item | Record |
|---|---|
Trust | CSRA NC MOB, DST |
Sponsor | Capital Square |
Asset class | Commercial (medical office) |
Exemption | 506(b) |
Offering ceiling, Form D | $5,555,000 |
Minimum investment | $25,000 |
First Form D filing | October 27, 2015 |
Exit type | Property sold |
Creedmoor is the 12th Capital Square full cycle in Top1031's record, which held 11 before it. That tally counts documented dispositions only; a sponsor's own count of completed programs may be compiled on a different basis and is not reconciled with it here.
Set against the announcement, the offering's own paper trail is thin. The Form D carries no performance figures, and the private placement memorandum that would state the distribution terms was never public. What the Trust told its investors at the outset cannot be read from the filing record.