CX Midwest Industrial Logistics, DST reached full cycle on May 24, 2023, the date its record carries for the sale of the property it held. Which property that was, the offering's Form D does not say. It names none. Carter Exchange's overview, hosted by AltsWire, is the document behind everything reported about the outcome.
The offering as filed | |
|---|---|
Trust | CX Midwest Industrial Logistics, DST |
CIK | 1948553 |
Sponsor of record on the Form D | CX Midwest Industrial Logistics Manager |
Asset class | Commercial |
Exemption | 506(b) |
First Form D | |
Offering ceiling | $69,123,000 |
Minimum investment | $25,000 |
Exit type recorded | Property sold |
The disposition as reported | |
|---|---|
Sale price | $62.5 million, as reported by the sponsor in its 2024 overview |
Annual return | 32.30%, as reported by the sponsor in its 2024 overview |
Equity multiple | 1.75x, as reported by the sponsor in its 2024 overview |
Total return | not stated |
The hold is where the record splits. The same overview describes an average hold of 2.8 years, as reported by the sponsor in its 2024 overview, while Top1031's calculation from the first Form D date to the recorded exit date gives 0.7 years. Nothing in the record reconciles the two, and no source states why they differ.
One Form D and one sponsor overview are the whole of the public record here. Every figure above traces to the overview, carried at medium confidence in Top1031's record, and research surfaced no dated third-party account of the sale.