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CX Ravella at Town Center DST sold its property on May 24, 2023

The sale ended the trust's ownership of a commercial property, and a 2024 Carter Exchange program overview is the document that records the outcome.

Published Updated

CX Ravella at Town Center DST sold the property it held on May 24, 2023. That exit date, and the two performance figures reported alongside it, appear in a 2024 Carter Exchange program overview, hosted by AltsWire.

No SEC filing records the sale. The Delaware Statutory Trust (DST) filed a Form D to open the offering, and that document carries no performance terms; the private placement memorandum that set out distribution terms for investors is not public. The filings do not date the acquisition of the property, so the public record does not establish how long the trust owned it.

Item

Record

Trust

CX Ravella at Town Center DST

Sponsor named in the filing

CX Ravella at Town Center Manager

First Form D

April 21, 2022 (filing)

Offering amount

$51,727,000

Minimum investment

$25,000

Exemption

506(b)

Asset class as filed

Commercial

Disposition

Property sold, May 24, 2023

Equity multiple

1.75x, as reported by the sponsor in the 2024 Carter Exchange program overview

Annual return

32.30%, as reported by the sponsor in the 2024 Carter Exchange program overview

The disposition, the equity multiple and the annual return all rest on that single document, with no corroborating filing behind it. No price for the sale appears on the public record, and no dated announcement of it. The buyer is not named in any source Top1031 located, and the trust's final capital raise is not disclosed.