On September 23, 2019, Inland Private Capital announced the sale of the Life Time Fitness property in Las Vegas that National Net Lease Portfolio VII DST held. The building was one of six net lease assets in the Trust, and the sale disposed of that one. Five properties remained operating afterward, per the announcement, so the Trust had not reached full cycle.
Detail | Value |
|---|---|
Trust | National Net Lease Portfolio VII DST |
Sponsor | Inland Private Capital |
Exemption | 506(b) |
First Form D filing | |
Original offering ceiling | $89,357,629 |
Minimum investment | $25,000 |
Asset sold | Life Time Fitness, 10721 W Charleston Blvd, Las Vegas |
Building size | 145,020 sq ft |
Disposition type | Partial sale (one of six net lease assets) |
Sale date | September 23, 2019 |
Sale price | $53,500,000, as reported by the sponsor (announcement) |
Hold period from filing dates | 3.7 years |
This is a partial sale, not a Trust-wide completion. One of six assets left the portfolio; five stayed, and the Trust continued to operate. The announcement carried no total return, annualized return, or equity multiple, and the eventual result for investors is not on the public record.
This event stands apart from that count: a single-asset disposition inside a Trust that had not fully cycled.