Full cycle

CSRA Winchester MOB, DST Reached Full Cycle With the Sale of Its Virginia Medical Building

The 7. 6 years Top1031 reports as the hold run from the Trust's first Form D filing to the sale announcement, not from an acquisition date.

Published Updated

Capital Square announced the sale of the medical building in Winchester, Virginia owned by CSRA Winchester MOB, DST, in October 2023. The sale took the Delaware Statutory Trust (DST) offering full cycle.

Item

Record

First Form D filed

March 9, 2016

Filer

CSRA Winchester MOB, DST (CIK 1668551)

Exemption claimed

506(b)

Maximum offering amount

$5,074,000

Minimum investment

$25,000

Asset class

Commercial

Sale price

not stated

Capital Square puts the result at a 149.09% total return, as reported by the sponsor in its announcement of the sale. The same announcement, distributed through PR Newswire, gives a 6.78% IRR, as reported by the sponsor.

The date of that announcement sits in the record two ways. Top1031's disposition record carries October 18, 2023; its disposition summary carries October 11, 2023. This report uses October 18, 2023, the date on the disposition record and the date the hold period is measured to. Nothing in the material reviewed shows which of the two the release itself carries.

The material reviewed does not establish when the building was acquired, which is why the hold period runs from the first Form D filing rather than from a purchase. Capital Square maintains an offering page for the Trust. The public record carries no distribution rate for the offering.

The disposition is the tenth Capital Square offering recorded at full cycle in Top1031's directory, which counts trusts with a disposition on the public record.