Capital Square announced on January 4, 2024 the sale of the Komar Desert Center, a Costco shadow-anchored retail center in La Quinta, California, held by CF Retail Properties DST VI, per the sponsor press release. The Delaware Statutory Trust (DST) named in that announcement filed its first Form D on July 28, 2016.
Two hold periods are on the record and they do not reconcile. The announcement describes an approximately 5.5-year hold, per the sponsor press release; the two documented dates, the July 28, 2016 filing and the January 4, 2024 disposition, establish a span of 7.4 years. Top1031 states the 7.4-year span because both of its endpoints sit in dated documents, and reports the sponsor's hold as the sponsor gives it. The announcement does not identify the date it measured from, and the annualized figure below is the sponsor's own, on the sponsor's basis rather than on the 7.4-year span.
Item | On the record |
|---|---|
Total return | 146.60%, as reported by the sponsor in its January 4, 2024 announcement |
Annualized return | 5.26%, as reported by the sponsor in that same announcement |
Sale price | not stated in the announcement |
Offering ceiling, first Form D | $7,767,870 |
Minimum investment | $25,000 |
Exemption claimed | 506(b) |
The asset class on the offering record reads Other Real Estate, a classification that does not identify the property type. The sponsor field on that record reads DG-1 Depositor; Capital Square is the name on the announcement.
The sale is dated, the trust is named in the announcement, and the return figures belong to the sponsor. Absent from the record is the trust's acquisition date, which is the fact that would reconcile the two hold periods.