Nelson Brothers lists NB Chateau Sera, DST among its completed programs. The property sold on March 1, 2019.
The Trust was a 506(b) offering. Its first Form D was filed October 28, 2015, listing a maximum offering amount of $4.71 million and a minimum investment of $250,000. Top1031 classifies the asset as Other Real Estate.
Everything known about the outcome comes from one document, the Sponsor's published full-cycle track record.
Metric | Reported figure |
|---|---|
Sale price | $13,500,000, as reported by the sponsor in its full-cycle track record |
Total return | 38%, as reported by the sponsor in its full-cycle track record |
Annualized return | 10.1%, as reported by the sponsor in its full-cycle track record |
Top1031's record carries the hold at 3.7 years. Measured instead from the first Form D to the sale date, it runs 3.3 years. This report uses 3.7 years, the figure the disposition record itself states; what start date that figure runs from is not stated.
There is no offering-document figure to set beside the Sponsor's. A Form D carries no distribution terms, and the private placement memorandum that would state them is not a public filing, so the original terms of this Trust are not on the record.
The record establishes the completion and its date. It does not carry a second, independent account of the sale.