Passco Companies reported the sale of Sundance Creek in McDonough, Georgia, closing a six-year hold for Passco Sundance Creek DST

Passco Companies reported the sale of Sundance Creek in McDonough, Georgia, in a post on its own site republished from an August 1, 2016 GlobeSt.com article. Two sources tie the property to the Delaware Statutory Trust (DST): that post, and Baker1031's Passco track record page, which lists Passco Sundance Creek DST among the Sponsor's realized programs. The post says the property "had traded hands" at a 60% price increase over its acquisition cost, as reported by the sponsor. That is a comparison of sale price to purchase price at the property level, not an investor-level total return.

The Form D carries the ceiling and the minimum and nothing on distributions. No offering memorandum for the Trust is in the public record here, so what the offering documents told investors about cash flow cannot be established.

Both the sponsor's post and the Baker1031 entry put the hold at six years, a span the September 2010 Form D date and the August 2016 post bracket. The post is dated August 1, 2016 and reports the sale as completed. No disposition date is disclosed. The acquisition cost the post measures its price comparison against is $14.5 million in 2010, as reported by the sponsor.

This sale is the first full cycle Top1031 has on record for the Sponsor, whose cumulative count now stands at one. Everything on the record about the outcome traces back to the sponsor: the two figures above, published by a third-party compiler, and the price comparison in the 2016 post.