Moody DFW DST reached full cycle on April 4, 2023, when Moody National announced the sale of the Trust's real estate. The price was $51 million, as reported by the sponsor in its announcement carried by AltsWire. The same announcement put the result to investors at a 200% return, as reported by the sponsor in that account.
What that return figure measures is not documented. The record does not state the base it is calculated against, whether distributions received during the hold are included, or the period it covers.
The Form D is the only filing that sets out the offering's original terms.
Form D filed | January 29, 2018 |
|---|---|
Exemption | Rule 506(b) |
Offering amount | $28,425,000 |
Minimum investment | $25,000 |
Asset class | Residential |
Disposition | Property sold, announced April 4, 2023 |
Hold, filing to disposition | 5.2 years |
It carries no performance figures, does not state the Trust's debt, and does not identify the property. The private placement memorandum, which would set out the distribution terms disclosed to investors at the outset, is not a public document, so those terms cannot be placed beside the sponsor's reported result.
A five-year hold also appears on the record for this Trust. How that figure is derived, and which dates it runs between, is not disclosed; the filing date and the announcement date are what the public record supplies.
The Trust is the third completion on Moody National's full-cycle record in Top1031's data.