Full cycle

Park 205 Multifamily DST's Illinois Property Sold in Trilogy's April 2025 Portfolio Trade

Morgan Properties took the Park Ridge apartments as part of an 11-property, 3,054-unit purchase, and the Delaware Statutory Trust (DST) that held them closed with the sale.

Published Updated

Park 205 Multifamily DST's disposition is dated April 1, 2025. The Trust's apartment property in Park Ridge, Illinois did not trade on its own: it passed to Morgan Properties inside a Trilogy Real Estate Group portfolio sale that the record places in April 2025.

Park 205 Multifamily DST, as filed

Item

Record

Sponsor

Trilogy Real Estate Group

First Form D

July 8, 2021

Exemption

506(b)

Offering amount

$25,397,248

Minimum investment

$25,000

Industry as filed

Other Real Estate

No price for the Park 205 property alone was disclosed. No sponsor full-cycle announcement naming Park 205 Multifamily DST has been published, and no total return, annualized return, or equity multiple for the Trust appears on the public record. The private placement memorandum that carried the distribution terms investors were shown is not a public document. What holders received on the sale is known only to them and to the sponsor.

The two dates on the record, the Form D and the sale, frame a hold of 3.7 years. Neither the filings nor any sponsor statement puts a hold period on the Trust itself. Trilogy's full-cycle record carried no prior DST dispositions before this one.