The property behind Go Store It Asheville Storage DST sold on August 17, 2018. The Trust's first Form D is dated July 25, 2018. Both fall in the same summer, weeks apart.
The sponsor's account of the sale appears in a private placement memorandum for Go Store It Naples. That document carries no date in the record reviewed, but it reports the August 2018 sale, so it postdates it. No disposition announcement is in the evidence reviewed.
Item | Record |
|---|---|
Trust | Go Store It Asheville Storage DST |
Sponsor | |
Asset class | Commercial |
Structure | 506(b) |
First Form D filed | July 25, 2018 |
Original offering amount | $4,900,000 |
Minimum investment | $25,000 |
Exit type | Property sold |
Exit date | August 17, 2018 |
Hold, first filing to sale | 0.1 years |
Sale price | $3,997,000 for the program the memorandum lists as "Asheville I" rather than by this Trust's marketing title, as reported by the sponsor in the Go Store It Naples private placement memorandum |
Total return | 29%, as reported by the sponsor in the same memorandum |
Equity multiple | 1.5x, as reported by the sponsor in that document |
Annualized return | not stated |
The memorandum's schedule gives the date, the price, the return and the multiple, and nothing about the period over which they accrued. They cannot be assumed to cover the interval the hold row above measures. Nothing in the record identifies what period they do measure.
Nor does the record show how much investor capital had been placed before the property changed hands. The Trust's own private placement memorandum is not in the public record, so what it disclosed to subscribers about the hold or the distribution terms cannot be read from the filings. The SEC index for that Form D submission lists the documents filed with it and nothing beyond them.
The outcome enters Go Store It Partners' full-cycle record as a property sold, on figures the sponsor reported and the Trust's own filings never carried.