NREA Adair, DST sold the property behind its offering on April 1, 2022. The Form D that opened the Trust was filed November 9, 2017, by NexPoint.
The record carries the hold two ways: 4.5 years for the program, and 4.4 years measured from the filing and sale dates alone. This report uses 4.5 years, the figure the record attaches to the program itself rather than to the two dates.
Offering and disposition on record | |
|---|---|
SEC CIK | 1722121 |
Offering ceiling | $24,742,538 |
Minimum investment | $100,000 |
Exemption | 506(b) |
Asset class as filed | Other Real Estate |
Exit type | Property sold |
Disposition value | not stated |
The Form D category is where the sponsor placed the asset, and the filings add nothing to it: no property name, no address, no tenant, and no terms for the exit. The result figures on the record come from the sponsor's published track record rather than from any filing: an annualized return of 17.1%, as reported by the sponsor on this track-record page, and an equity multiple of 1.7x, as reported by the sponsor on the same page. Top1031 carries both at medium confidence, because the page hosting them belongs to a third party rather than to NexPoint.
The event and its span are what the public record establishes here. Top1031 lists the Trust as Historical on that basis.