Orlando Student Housing DST reached full cycle on May 31, 2018, when the Trust's property was sold. Inland Private Capital lists the program as completed on its published track record.
The offering as filed | |
|---|---|
Trust | Orlando Student Housing DST |
Sponsor | Inland Private Capital |
Form D filed | October 5, 2015 |
Asset class, as filed | Other Real Estate |
Offering amount | $31,115,475 |
Minimum investment | $25,000 |
Exemption | 506(b) |
Disposition | Property sold, May 31, 2018 |
Hold period | 2.67 years |
Nothing in the filing says student housing. The Trust's marketing title does. The federal record classifies the offering under a general real estate heading and stops there: no property, no address, no buyer, no distribution terms.
The result comes from the sponsor.
The outcome as reported | |
|---|---|
Sale price | $81,721,250, as reported by the sponsor in its private placement portfolio overview |
Total return | 128.33%, as reported by the sponsor in its private placement portfolio overview |
Annualized return | 10.62%, as reported by the sponsor in its private placement portfolio overview |
Equity multiple | 1.28x, as reported by the sponsor in its private placement portfolio overview |
Those figures travel together through Inland Private Capital's own track-record and portfolio materials, and the same four numbers appear in its full-cycle residential activity summary. The documents carry no publication date and are revised without notice, which is the condition under which sponsor track records are generally published. They are the sponsor's numbers, on the sponsor's basis. Top1031 computes none of its own.
What the file does not carry is also a fact. No document in this record names the buyer, states an acquisition price, or reports what the property paid out between the October 2015 filing and the sale. Those are absences, not disagreements.
For an investor reading the file now, the durable record is two documents: a Form D that priced the offering, and a sponsor track record that reports how it ended.