Inland Private Capital lists Modesto Retail Center DST as a completed program on its published track record, which places the sale of the Trust's property on May 1, 2018. The Trust's SEC file, which begins and ends with a single Form D, records nothing about the exit.
That filing describes an offering, not real estate. Its industry category reads Other Real Estate; it names no property, no address, no tenant. The Trust's own title is the only geographic marker the file carries.
Item | Figure |
|---|---|
Form D filed | May 12, 2014, per the Form D |
Offering amount | $23,338,999, per the Form D |
Minimum investment | $25,000, per the Form D |
Exemption | 506(b), per the Form D |
Asset class | Other Real Estate, per the Form D |
Sale price | $46,000,000, as reported by the sponsor in its published portfolio overview |
Total return | 122.18%, as reported by the sponsor in its published portfolio overview |
Annualized return | 5.32%, as reported by the sponsor in its published portfolio overview |
Equity multiple | 1.22x, as reported by the sponsor in its published portfolio overview |
The Trust's private placement memorandum is not a public document, so the terms disclosed to investors at the outset - the distribution rate, the debt, the hold the sponsor described - cannot be set beside the result. The buyer is not named on the public record. No source states why the Trust exited when it did.