Passco Companies sold The Enclave at Rivergate in 2018, and that sale took Passco Rivergate DST full cycle. The filing and exit dates on the record place the hold at five years.
The Trust's Form D sets out the offering as it was filed.
Offering as filed | |
|---|---|
Form D filed | January 11, 2013 |
Exemption | Rule 506(b) |
Maximum offering amount | $16,525,000 |
Minimum investment | $25,000 |
Asset class | Residential |
Top1031's disposition record names Mesirow Financial as the buyer and carries a sale price of $37 million, as reported by the sponsor, with both facts resting on one source: an item published January 29, 2026 by the Charlotte Business Journal whose subject is Passco's purchase of Preston Ridge Apartments in Hickory, North Carolina, from an affiliate of Lat Purser & Associates. No other account located in the record identifies a buyer or a price for the Rivergate transaction.
Nor is there a reported outcome for the investors. No total return, annualized figure, or equity multiple for this Trust appears in the public record, and no offering memorandum is public, so the distribution terms investors were shown are not on the record either. The Form D leaves the amount ultimately sold undisclosed as well.
Before this disposition, Top1031's record of Passco Companies carried three full cycles. Rivergate joins them, documented in the public record by its Form D and little else.