Inland Private Capital's Discount Retail Portfolio II DST reached full cycle with a property sale on September 17, 2013. The disposition appears as one completed-status row in an Inland Private Capital track record. No return figure accompanies it: no sale price, no total return, no annualized return, no equity multiple.
The trust's first Form D was filed November 17, 2011. The span between that filing and the sale date is the hold the record establishes, and it is not the period any individual investor held. The record does not show when the trust acquired what it later sold, when the offering closed, or when the last subscription was accepted.
The offering as filed (Form D, November 17, 2011)
Item | As filed |
|---|---|
Sponsor | Inland Private Capital |
Exemption | 506(b) |
Asset class | Other Real Estate |
Maximum offering amount | $6,514,493 |
Minimum investment | $25,000 |
What the offering originally told investors about distributions cannot be established here. The trust's own private placement memorandum is not in the record before Top1031, and a Form D carries no distribution terms. On the asset the filing says only that it is Other Real Estate, and the trust's marketing title is the only indication of what kind of retail it held. The number of properties, their locations, their tenants, and any debt on them are in neither the filing nor the row.
What the record establishes is the event and its date. The result for investors, and the property behind it, are not in the documents.