Griffin Capital lists Griffin Capital (Waterford) Investors, DST among the completed programs on its published track record. The record Top1031 tracks dates the disposition to September 1, 2011 and classifies the exit as a property sold. No earlier Griffin Capital full cycle appears on that record.
What sold, to whom, and for how much are not on the record. The disposition entry gives the date and the exit type and stops there.
Item | Record |
|---|---|
Asset class | Residential |
Exemption on record | Stored as code 06; no rule label on the tracked record |
Maximum offering amount | $14,100,000 |
Minimum investment | $100,000 |
First Form D filed | |
Exit type on record | Property sold |
Disposition date on record | September 1, 2011 |
Sale price | Not stated |
What the Form D omits matters as much as what it carries. It does not give the Trust's acquisition price, its debt, or the distribution terms offered to investors. The private placement memorandum that set those terms is not a public document, so the offering's original economics cannot be read off the filing record.
Neither the sponsor's track-record listing nor any filed document carries a total return, an annualized return, or an equity multiple for this Trust. What the investors who subscribed in 2009 received when the property sold is not in the public record.