The outcome on record for NB Loft Vue, DST is a distressed one. A filed bankruptcy record documents the distress affecting the Trust. No disposition price accompanies it.
Item | Record |
|---|---|
Trust | NB Loft Vue, DST |
Sponsor | Nelson Brothers |
Form D filed | |
Exemption claimed | 506(b) |
Offering amount | $8,485,280 |
Minimum investment | $15,000 |
Asset class as filed | Other Real Estate |
Outcome type | Distressed outcome |
Disposition date on record | March 6, 2024 |
Hold period, Form D to disposition date | 6.9 years |
Disposition price | not stated |
Because Nelson Brothers raised this offering under 506(b), the filed document is the Form D, and the private placement memorandum that would set out the distribution terms is not a public filing. So the terms the offering originally carried are not available to compare against the result.
The Form D names no property. No address, no city, no building. What the Trust owned is not in the filed record, and the asset descriptor it does carry is the broadest of the categories on the form.
There are no return figures of any kind on the record: no total return, no annualized return, no equity multiple. What investors ultimately received cannot be determined from these documents. Neither can the cause: no source in the record states why the outcome took the form it did.
Two dates define the span in the table, the Form D and the disposition date, and no third date for the event appears. Beyond the fact of a filed bankruptcy record, its court, case number and caption are not part of the material Top1031 holds.
Two full-cycle outcomes for Nelson Brothers preceded this one in Top1031's cumulative record.