Inland Private Capital announced on October 30, 2023 the sale of the three Milwaukee-area apartment communities held by Milwaukee MSA Multifamily Portfolio DST. The Delaware Statutory Trust (DST) held Trostel Square Apartments in Milwaukee, and Norhardt Apartment Homes and Norhardt Crossing in Brookfield. The date on the record is the date of the announcement. When the transaction closed is not stated.
Inland Private Capital put the total return at 154.52%, as reported by the sponsor in its announcement. It put the internal rate of return at 7.01%, as reported by the sponsor in the same announcement. The public record carries no breakdown of that result by property and no figure for what any single investor received.
Record | |
|---|---|
Trust | Milwaukee MSA Multifamily Portfolio DST |
Sponsor | Inland Private Capital |
First Form D filing | July 5, 2016 |
Offering amount | $30,662,168 |
Minimum investment | $25,000 |
Exemption | 506(b) |
Disposition | Property sold, announced October 30, 2023 |
Hold period, first filing to announcement | 7.3 years |
What the offering itself put on the record is thinner. The Form D classified the program under "Other Real Estate" rather than residential, and it carries no distribution terms. No offering document is on the public record, and the filing record does not show how much of the offering amount named in the Form D was sold.
The sponsor's announcement presented the transaction as its 25th full cycle; which set of programs that tally covers is not established in the record.