The Goodwill-leased industrial property at 927 N Emerson Ave in Greenwood, Indiana, sold on August 10, 2026. Top1031 records that date as the disposition of FSC Industrial III DST, the single-property trust sponsored by Four Springs (FSX).
Top1031's disposition record puts the sale at $9.5 million and marks the figure as reported by the sponsor, listing Four Springs' 1031 platform page among the sources behind it. The summary attached to that same record instead attributes the report to the brokerage Matthews, and cites a Matthews press release on an institutional industrial sale. The amount is identical in both lines; the reporter is not. This report leans on the summary's attribution, because it names both the reporting party and the date the sale was reported, while the basis field points to a sponsor announcement it does not identify by document.
The link between that sale and the Trust is property-level. Four Springs identifies FSC Industrial III DST as its Goodwill Greenwood, Indiana offering, and the property sold is that property. The record grades the link two ways, marking the sale-price entry high confidence while its own summary describes a medium-confidence, property-level match. Both agree on the property itself.
The offering as filed | |
|---|---|
Trust | FSC Industrial III DST |
Sponsor | Four Springs (FSX) |
Exemption claimed | 506(b) |
Industry classification in the filing | Other Real Estate |
Maximum offering amount | $4,850,000 |
Minimum investment | $25,000 |
First Form D filed |
The seven years the record spans run from that first Form D to the sale. They are not a documented investor hold: nothing in the public file records when the raise closed, or when any investor funded.
So the record establishes a sale of the property the Trust held. It does not show the Trust wound up or capital returned, and no total return, annualized return, or equity multiple appears on the file. Distribution terms were set out in the private placement memorandum, which is not a public document.