Passco St. Petersburg DST has reached full cycle. The Delaware Statutory Trust (DST) sold Provenza at St. Pete, a Class A community at 540 Trinity Lane in St. Petersburg, Florida, on December 23, 2019. The Trust's first Form D reached the SEC on March 26, 2015.
Field | Record |
|---|---|
Trust | Passco St. Petersburg DST |
Sponsor | Passco Companies |
Asset class | Residential |
Exemption | 506(b) |
Offering amount, as filed | $24,125,000 |
Minimum investment | $25,000 |
Offering document | |
Exit type | Property sold |
Exit date | December 23, 2019 |
Hold period, first filing to sale | 4.7 years |
Sale price | $70,250,000, as reported by the sponsor and carried in St. Pete Catalyst |
The December 2019 price rests on a single account. Two of the three sources attached to it in the record were published in November 2025 and document a later trade at the same property: a Tampa Bay Business Journal report dated November 3, 2025, and a Berkadia disposition notice from the same year. Both post-date the Trust's sale by years, and this report sets them aside for that reason, relying on the St. Pete Catalyst account, which is the source the record names for the 2019 transaction. Neither the Trust nor Passco Companies is named in the record assembled here as a party to the 2025 trade, and no price for that trade is part of this record.
No full-cycle announcement at the DST level states an equity multiple, an internal rate of return, or a total return for the Trust. A Form D carries no performance figures, and the private placement memorandum, which states the distribution terms, is not a public document.
For this one the public record fixes the property, the parties, the price and the dates, and stops there.