On or about September 1, 2023, the issuer of Epoch Fort Collins DST notified investors that the project it was raised to develop was being terminated and the underlying assets liquidated, citing rising interest rates. Two accounts of that notice are on the record: one published by Wolper Law Firm, P.A., on September 1, 2023, and one published by Erez Law on September 11, 2023. No sponsor announcement of the disposition appears in the public record.
Item | As filed or on record |
|---|---|
Trust | Epoch Fort Collins DST |
Filing party named in the Form D | Epoch Fort Collins Trustee |
Sponsor named in the published accounts | Valeo Groupe Americas |
CIK | 1856616 |
First Form D | April 13, 2021 |
Exemption claimed | 506(b) |
Maximum offering amount | $23,100,000 |
Minimum investment | $100,000 |
Asset class as filed | Other Real Estate |
Exit type in Top1031's record | Property sold |
Exit date on record | September 1, 2023 |
Sale price | not stated |
Hold period, first filing to exit date | 2.4 years |
Two characterizations of the same event sit side by side. Top1031's record classifies the exit as a property sold, dated September 1, 2023. The September 2023 accounts describe something narrower: a notice to investors of termination and liquidation. No buyer, deed, closing date, or price is on the record. This report relies on the two contemporaneous accounts for what occurred, because they describe the document investors received, while the exit label is a classification of the event rather than evidence of a completed sale.
No sale price, total return, annualized return, or equity multiple for the Trust appears in the record, and nothing in it states what investors received. Wolper Law Firm's publication described the assets as liquidated at "pennies on the dollar," with investors facing massive losses. That is the characterization carried in the firms' publications, not a figure reported by the sponsor.
The Form D that opened the offering and the notice that closed it are the whole of the public record on the outcome.