A sheriff-auction notice dated July 22, 2024 documents the disposition of the property behind NB Darby Row, DST. That notice is the disposition on record. Measured from the Form D Nelson Brothers filed for the Trust to the date of the auction, the hold runs 10.4 years.
The offering as filed | |
|---|---|
First Form D | March 6, 2014 |
Exemption | 506(c) |
Offering ceiling | $2,076,000 |
Minimum investment | $25,000 |
The filing records the offering under Other Real Estate, which is the extent of what it says about the asset. Neither the property type nor its location appears in the filing.
Top1031 records the exit as a distressed outcome rather than a completed foreclosure. An auction notice is not a conveyance. As of July 28, 2026, no deed and no court order confirming a sale is archived in the record reviewed, and the classification holds until one is.
Top1031's file carries a dollar figure for the disposition, and the basis recorded for that figure is a sponsor announcement, marked high confidence. The documents cited beneath it are an auctioneer's listing, a trade-press item and a brokerage offering memorandum. The label and the cited evidence disagree. Weighing the documents over the label, none of them is a statement by the Sponsor about what the property fetched, so no disposition value is published here.
No total return, annualized return or equity multiple for the Trust appears in the public record. The private placement memorandum that states the distribution terms was never a public document, and nothing has taken its place.
This disposition is recorded separately, as distress, and that is where the documents stop.