Douglas Corporate Center II sold on July 2, 2023 for $17 million, as reported by the sponsor and carried in Placer County's CoStar office report.
The sources do not agree on that report's own date. The file name on the county document carries a March date; Top1031's disposition summary describes the same document as a July 2, 2023 report. This report relies on the county document for the price, which it carries plainly, and not as the record of when the building changed hands. The sale date is the date Top1031's disposition record carries, and that record bases the price on a sponsor announcement.
Offering as filed | |
|---|---|
Sponsor | Kingsbarn Realty Capital |
Asset class | Commercial |
Exemption | 506(c) |
Maximum offering amount | $20,750,000 |
Minimum investment | $207,500 |
First Form D | |
Hold, first Form D to sale | 2.8 years |
Those terms set the size of the raise and the price of entry. They say nothing about how the holding period ended for the people who bought in.
Nor does anything else in the public record. No return figure for the Trust appears in it: no total return, no equity multiple, no annualized figure.
Nor does any document cited here name KB Douglas II, DST and Douglas Corporate Center II together. The county market report identifies the building. The Form D identifies the Trust. The link between the two sits in Top1031's record rather than in a public document naming both, and readers should weigh the outcome with that in mind.
What the record establishes is the event and its timing. What holders received, and when, sits in the Trust's reporting to its own investors, which is not a public document.