Griffin Capital sold the Las Vegas property held by the Griffin Capital (South Beach - Vegas) DST on March 1, 2022, ending a Trust that had owned the asset since it filed its first Form D on January 2, 2019. The sponsor announced the transaction as the sale of a Las Vegas, NV multifamily community; the Form D's asset-class field reads "Other Real Estate."
As filed:
Item | Detail |
|---|---|
Sponsor | Griffin Capital |
Location | Las Vegas, Nevada |
Offering exemption | 506(b) |
Offering ceiling | $32,662,643 |
Minimum investment | $100,000 |
Griffin Capital reported the result to investors:
Measure | Figure |
|---|---|
Sale price | $97.5 million, as reported by the sponsor in its sale announcement |
Total return | 175.3%, as reported by the sponsor in its sale announcement |
Average annualized return | 23.9%, as reported by the sponsor in its sale announcement |
Equity multiple | 1.76x, as reported by the sponsor in its sale announcement |
The program appears among Griffin Capital's completed offerings on its published track record, as recorded in a sponsor directory listing.
The Trust's public filings set out its size and structure and carry no distribution figures, which leaves the sponsor's own reported measures as the only public account of what investors realized.