Inland Private Capital sold the 101,157-square-foot retail building held by Downers Grove Retail DST in Downers Grove, Illinois, on June 28, 2024, taking the Trust full cycle. The property, leased to Best Buy and Golf Galaxy, returned a 1.75x equity multiple, as reported by the sponsor in its announcement.
The Trust filed its first Form D on August 1, 2013. That notice sets out the size, the minimum, and the exemption, and nothing about distributions; the offering's original distribution terms sat in a private placement memorandum that is not a public document.
Record | Detail |
|---|---|
Exit type | Property sold |
Exit date | June 28, 2024 |
Hold, first Form D filing to sale | 10.9 years |
Maximum offering amount | $11,604,054 |
Minimum investment | $25,000 |
Exemption claimed | 506(b) |
Asset class on the Form D | Other Real Estate |
The record also carries a 6.27% internal rate of return to investors, as reported by the sponsor in the announcement AltsWire carried.
No sale price was disclosed. Top1031's record for the sponsor carries 51 other full-cycle offerings.