NB Flats DST filed for Chapter 11 bankruptcy on April 16, 2024. The case was converted to Chapter 7 liquidation on February 19, 2025, per Top1031's disposition record. That conversion is the exit the record documents for this Trust.
No sponsor appears in the offering record here, so the outcome joins no sponsor's cumulative record of completed offerings. The Form D is the filing the terms below come from.
Offering as filed | Record |
|---|---|
Trust | NB FLATS DST |
Property | Alpine Flats |
Offering ceiling | $3,517,316 |
Minimum investment | No minimum stated in the filing data |
Exemption | 506(b) |
Asset class | Other Real Estate |
First Form D filed | August 16, 2017 |
The record states no hold term for the offering. The interval between the two dates it does carry, the first Form D filing and the exit, is 7.5 years.
No sale price, disposition value, or return figure appears in the record. What the disposition record does say about the result is that the conversion to Chapter 7 means "equity holders are unlikely to recover meaningful value."
That same record carries two descriptions of the one exit. Its exit type reads Foreclosure. Its summary describes a Chapter 11 case converted to a Chapter 7 liquidation. This report follows the summary, which is the more specific of the two and the only one that supplies a sequence and dates.
No document available states why the Trust entered bankruptcy. The record fixes the dates and the mechanism of the exit. It does not fix a cause, and none should be read into it.