Inland Private Capital took Denver Multifamily Portfolio DST full cycle on March 18, 2019, the date the record shows for the property sale. The Delaware Statutory Trust (DST) had filed its first Form D on September 3, 2015, offering interests under 506(b).
The record classifies the asset class as Other Real Estate rather than a residential category. Distribution terms sat in the private placement memorandum, a document that does not reach the public record. The buyer is not identified in any source relied on here, and the record shows no property address.
Record | Detail |
|---|---|
Offering ceiling | $9,198,099 |
Minimum investment | $25,000 |
First Form D | September 3, 2015 |
Disposition | Property sold, March 18, 2019 |
Gross sale price | $21,850,000, as reported by the sponsor in its published full-cycle residential track record |
Total return | 131.35%, as reported by the sponsor in the same document |
Average annualized return | 8.71%, as reported by the sponsor in the same document |
Equity multiple | not stated |
All three outcome figures come from that one document, where the program appears among the sponsor's completed offerings. Top1031 records each on a sponsor-announcement basis at medium confidence, and none is corroborated by a filing. The document does not state what the two percentages are measured against, so neither describes the result for any single investor. The sale price is the price of the real estate, not proceeds to investors. The trust's debt does not appear in the public filing record, so the distance between what the real estate fetched and what the offering raised cannot be traced from filings.
Measured from the first filing to the disposition date, the trust ran three years and six months. The record also shows a hold of 3.42 years for this offering; the two dates support the longer figure, which is the one relied on here.