On January 17, 2022, Inland Private Capital sold the two properties held by East Coast Wholesale Portfolio DST: a 115,660-square-foot building in Attleboro, Massachusetts and an 89,348-square-foot building in Baltimore, Maryland, both fully leased to BJ's Wholesale Club. The Delaware Statutory Trust (DST) had filed its first Form D in May 2016.
Original offering | |
|---|---|
Trust | East Coast Wholesale Portfolio DST |
Sponsor | Inland Private Capital |
First Form D filing | May 19, 2016 |
Offering ceiling | $32,741,394 |
Minimum investment | $25,000 |
Exemption | 506(b) |
Disposition | |
Type | Property sold |
Date | January 17, 2022 |
Hold | 5.7 years from first filing to sale; the sponsor's announcement describes the hold as 5.8 years |
Sale price | Not stated |
The sale produced a total return to investors of 153.95%, as reported by the sponsor in its news release. The average annualized return ranged from 8.9% to 10.9%, as reported by the sponsor and carried in Blue Vault Partners' account of the announcement.
The Form D on file carries no performance figures, and the filing record does not state the offering's original distribution terms. The sale adds to Inland Private Capital's full-cycle record.