Naples Multifamily DST, a 506(b) offering first filed with the SEC on October 15, 2013, sold on August 11, 2015. The offering names Naples Multifamily Exchange as its sponsor; Inland Private Capital Corporation lists the program among its completed residential activity. The public record does not state the relationship between the two entities. The two dates establish a hold of 1.8 years.
Top1031 classifies the asset class as Other Real Estate. The trust's name carries "Multifamily," and Inland Private Capital groups the program with its residential dispositions.
Offering term | As filed |
|---|---|
Maximum offering | $7,868,793 |
Minimum investment | $25,000 |
Exemption | 506(b) |
The Form D states the offering's size and structure and carries no performance figures.
Inland Private Capital reports the result as follows:
Metric | Result |
|---|---|
Disposition price | $20.25 million, as reported by the sponsor in its full-cycle residential record |
Total return | 144%, as reported by the sponsor in its full-cycle residential record |
Annualized return | 22%, as reported by the sponsor in its full-cycle residential record |
This is the first of Naples Multifamily Exchange's offerings that Top1031 records reaching full cycle, and the sponsor's published track record is the only public account of how it ended.