The Tri-City Center in San Bernardino, California, sold on January 23, 2024, as JLL reported. The property was the asset of KB Tri-City II DST, a Delaware Statutory Trust (DST) sponsored by Kingsbarn Realty Capital, and the closing takes that offering full cycle. Inland Empire Business Daily also reported the sale, and Kingsbarn's own Instagram account marked the Tri-City II sale, per Top1031's disposition record.
Term | Record |
|---|---|
Trust | KB Tri-City II DST |
Sponsor | Kingsbarn Realty Capital |
First Form D | |
Offering amount | $16,025,000 |
Minimum investment | $160,250 |
Exemption | 506(c) |
Asset class | Commercial |
Acquisition, March 2019 | $26 million |
Sale price | $24,325,000, as reported by the sponsor in its prior-performance document |
Hold, first Form D to closing | 4.8 years |
The documents located record the disposition and price it. What the outcome was for the Trust's investors is not among them: no equity multiple, no internal rate of return, no hold-period metric. A closing price below the acquisition price does not by itself state the result for investors, and the record carries no figure that does.
This one enters that record.