The property held by FSC AS Mt. Juliet TN DST was sold on August 11, 2022. The Trust, a Delaware Statutory Trust (DST) sponsored by Four Springs (FSX), disposed of the asset at a value of $8.18 million, as reported by the sponsor in the June 12, 2025 offering memorandum for FSX DST Inventory Financing Fund. The same track record puts the Trust's total return at 137.17%, as reported by the sponsor in that memorandum.
Item | As recorded |
|---|---|
Sponsor | Four Springs (FSX) |
Exemption | 506(b) |
Maximum offering amount | $4,150,000 |
Minimum investment | $100,000 |
First Form D | May 22, 2015 |
Asset class as filed | Other Real Estate |
Disposition | Property sold, August 11, 2022 |
Annualized return | 4.75%, as reported by the sponsor in the June 12, 2025 offering memorandum |
The Form D filed on May 22, 2015 is the filing on which this record rests. Measured from it to the sale, the hold ran 7.2 years. Top1031's record also carries a hold of 7.82 years for this Trust. This report uses 7.2 years, the span the two dated events establish; the longer figure does not follow from those dates, and the record does not state what start date it measures from. Either way, the span begins at the offering's first filing, not at the date any individual investor closed.
The track record gives results without components. It does not separate distributions received during the hold from proceeds at sale, and it does not state the capital base the return percentages are measured against.
There is nothing to set beside them from 2015. A Form D carries no distribution terms, and the private placement memorandum was never filed, so the terms the Trust set out at launch are not on the public record. The offering was made under 506(b).
The Form D does not name the property. The Trust's marketing title places it in Mt. Juliet, Tennessee, and the filing classifies the asset only as Other Real Estate. Square footage, occupancy, the terms of any lease, and any mortgage on the property are absent from the public file.
One other Four Springs offering had reached Full Cycle in Top1031's record before this one. For the Mt. Juliet Trust, the record is a 2015 Form D, an August 2022 sale date, and three sponsor-published figures that rest on a single 2025 document offering something else.