Full cycle

The 93-acre campus holding Moody National Academy DST's building sold in April 2022; the trust's own exit is unrecorded

The entire Academy Sports headquarters campus that contained the trust's office building passed to Mirae Asset Global Investments, though no filing records what the Delaware Statutory Trust (DST) itself sold.

Published Updated

Top1031 records the disposition of the Moody National Academy DST as a property sold, in April 2022. The recorded date falls inside a larger transaction: the 93-acre Academy Sports + Outdoors headquarters campus at 1800 North Mason Road in Katy, Texas, was sold to Mirae Asset Global Investments for $190 million, a price covering the entire property.

The trust's holding was a single office building of about 207,000 square feet at that address, one part of the campus that changed hands. The public record does not identify who sold the campus, isolate what the trust itself sold, or state its price or what its investors received. No sponsor or trade-press announcement labeling the offering as full cycle was found.

Record

Detail

Trust

Moody National Academy DST

Sponsor

Moody National

Property

Academy Sports + Outdoors office building, 1800 N. Mason Road, Katy, TX

Asset class

Commercial

Exemption

506(b)

Offering ceiling

$28,010,000

Minimum investment

$200,000

First Form D filed

October 27, 2015

Raise closed

November 2016

Recorded disposition

Property sold

Recorded disposition date

April 14 or 21, 2022

Trust sale price

not stated

Reported return

not stated

The offering terms above come from the trust's Form D. The span from that first filing, in October 2015, to the April 2022 sale runs about 6.5 years; because the record does not isolate the trust's own transaction, that figure measures the interval between two dates rather than a documented hold. The record carries no return for investors.