Full cycle

Passco Point DST Sold The Point at Tamaya Apartments in December 2024

Passco Companies lists the Jacksonville, Florida offering among the completed programs on its published track record, closing the residential Delaware Statutory Trust (DST) it launched in 2018.

Published Updated

Passco Point DST sold The Point at Tamaya Apartments on December 10, 2024. The property traded at a disposition value of $81.64 million, as reported by the sponsor in its published track record.

The offering's filed terms:

Term

Detail

Asset class

Residential

Exemption

506(b)

Offering ceiling

$42,200,000

Minimum investment

$25,000

The trust filed its first Form D on July 26, 2018, the start of the 6.4-year hold the record establishes.

That same document reports an annualized return of 11.92% for the program, as reported by the sponsor in the track record it carries. It is a private placement memorandum for a separate Passco offering, and the track record appears inside it rather than in a standalone disposition announcement.

No total return and no equity multiple are stated for the offering, and the record does not break the result down to what an individual beneficial owner received. Those are the limits of the public record on this full cycle.

Passco Point DST Sold The Point at Tamaya Apartments in December 2024