Four Springs Ten31 Xchange's prior-performance fund profile states that the DST properties of FSC Industrial IV DST were sold on August 11, 2022. That is a sale of real estate, dated. It is not the same fact as the completion of the trust: the profile does not say the trust wound up, or when proceeds reached its beneficial owners.
The sponsor's listing reads "FSC Industrial IV, DST." This report uses the house rendering, FSC Industrial IV DST. The name, comma aside, is what ties that listing to the Form D filer at CIK 1831883.
The Form D is the other half of the record.
Item | Record |
|---|---|
Trust | FSC Industrial IV DST |
Sponsor | Four Springs (FSX) |
Exemption | 506(b) |
Form D first filed | November 12, 2020 |
Total offering amount | $22,035,000 |
Minimum investment | $25,000 |
Exit type | Property sold |
Disposition date | August 11, 2022 |
Top1031 places the hold at 1.7 years, measured from the first Form D filing to the disposition date. That interval starts at the filing, not at the trust's acquisition of the properties, a date this record does not give, so it is not a property holding period.
The marketing title points to industrial real estate. The Form D placed the offering under the "Other Real Estate" industry classification, which is a category rather than an address. What the trust owned, and where, is not established by the documents in this record. The sponsor's wording is plural, properties, and it gives no count of them.
The profile states no sale price for this trust, and no total return, annualized return, or equity multiple. What it establishes is the exit and its date, from the sponsor itself.