On October 26, 2021, Inland Private Capital announced the sale of the three multifamily communities behind Florida Multifamily Portfolio DST, the offering it registered with the SEC in 2018 as a Delaware Statutory Trust (DST) and marketed under a second name, FL-NY Multifamily Portfolio DST. The sponsor's announcement identifies the three communities as Enclave at Charles Pond, Circa at Fishhawk, and Sawgrass Cove. The record does not assign each community to a stated city, and the filing name and the marketing name point to different states.
The sponsor reported the outcome as follows.
Metric | Figure |
|---|---|
Disposition value, three properties | $206.4 million, as reported by the sponsor (Inland Private Capital, Oct. 26, 2021) |
Total return to investors | 219%, as reported by the sponsor (Inland Private Capital, Oct. 26, 2021) |
Annualized return | 21%, as reported by the sponsor (Inland Private Capital, Oct. 26, 2021) |
Set against the sponsor's reported result are the offering's own terms, as filed.
Term | Detail |
|---|---|
Sponsor | Inland Private Capital |
SEC filing name | Florida Multifamily Portfolio DST (CIK 1741029) |
Sponsor program name | FL-NY Multifamily Portfolio DST |
First Form D | May 21, 2018 |
Offering ceiling | $36,472,643 |
Minimum investment | $25,000 |
Exemption | Reg D 506(b) |
The offering ceiling is the equity the DST was authorized to raise; the disposition value the sponsor reported is the gross price of the underlying real estate.
Measured from that first Form D, filed May 21, 2018, to the sale on October 26, 2021, the hold ran 3.4 years.