The properties held by Park Creek Steeple Multifamily DST were sold on December 27, 2021, and Inland Private Capital reported the result in a December 2021 release. Every figure the public record carries for the outcome of this Delaware Statutory Trust (DST) comes from that release and from the sponsor's own full-cycle list.
Record | Detail |
|---|---|
Exit type | Property sold |
Aggregate sale price | $192,750,000, as reported by the sponsor in its December 2021 announcement |
Total return to investors | 287.71%, as reported by the sponsor in its December 2021 announcement |
Annualized return | 29.19%, as reported by the sponsor in its December 2021 announcement |
First Form D | |
Maximum offering amount | $48,566,140 |
Minimum investment | $25,000 |
Exemption | 506(b) |
The price is an aggregate for the properties as a group, and both investor performance figures are program-level. The sponsor announcement, the sponsor's full-cycle residential list, and the Form D carry no per-property price and no per-property result. The buyers are not named in any of them.
The Form D classifies the offering under Other Real Estate rather than a residential category, though the Trust's title names multifamily property.
What the offering originally told its investors about distributions is not on the public record. A Form D does not carry distribution terms, and the Trust's private placement memorandum was never a public document, so the sponsor's reported result cannot be set beside the offering's own stated terms from the filing record alone.
This program appears on Inland Private Capital's own published full-cycle residential list of completed offerings. A Form D records the start of an offering, not the date a Trust takes title to property. Neither the release nor the Form D dates the acquisitions, so the span from that first filing to the sale is the only interval the record supports.