Griffin Capital sold the Bedford, New Hampshire property held by its Griffin Capital (Heritage - Bedford, NH) DST on July 8, 2024, according to the sponsor's sale announcement.
The Trust first filed its Form D on May 13, 2019. The offering's disclosed terms:
Offering term | Detail |
|---|---|
Exemption | 506(b) |
Minimum investment | $25,000 |
Maximum offering | $31,453,687 |
Measured from that filing to the sale, the hold runs 5.2 years; the sponsor's track record lists 5.6 years. Top1031 relies on the 5.2-year span the filing and sale dates establish.
The sponsor's reported results for the sale:
Metric | Figure |
|---|---|
Sale price | $80,000,000, as reported by the sponsor (announcement) |
Equity multiple | 1.37x, as reported by the sponsor (announcement) |
Annualized return | 12.9%, as reported by the sponsor (announcement) |
No original projection from the offering documents appears in this record, so the post-sale figures stand on their own.
The Form D classified the asset as other real estate; the announcement describes a multifamily community.