Passco Little Rock DST Reached Full Cycle With a Little Rock Apartment Sale Recorded November 14, 2022

A 262-unit apartment property in Little Rock changed hands on November 14, 2022 at $54.45 million, as reported by the sponsor and carried by Arkansas Business. Top1031's record treats that transaction as the full cycle for Passco Little Rock DST, and classifies the price as a sponsor announcement held at medium confidence.

That account names the seller as Passco Riverhouse DST, an affiliate of Passco Companies. Passco Little Rock DST is a separate Delaware Statutory Trust (DST), filed under its own CIK. The disposition record states that the sale confirms the property backing Passco Little Rock DST went full cycle; the account it cites does not name that trust.

The offering record carries no property name, address, or unit count for the Trust, and a Form D reports an offering rather than an asset. Nothing in the material available here identifies which Little Rock property the Trust held. Two further sources are cited for the disposition. One is a CoStar item whose URL reads "Passco Completes One of the Priciest Apartment Sales in Arkansas in a Decade"; it sits behind a subscription, and its contents could not be verified for this report. The other is Passco Companies' properties page, a sponsor listing rather than a transaction document.

No total return, annualized return, or equity multiple for this offering appears in the available sources, and the disposition record states that none of those figures, nor a hold period, were stated in them. The hold period reported here is Top1031's, derived from the first filing date and the sale date.

What the public record establishes is one dated sale in Little Rock, the trust named as seller in the account of it, and this offering's own filed terms. Which property Passco Little Rock DST held, and the result for its investors, are not in those documents.