Passco Voyager DST has reached full cycle. The property was sold, ending a Delaware Statutory Trust (DST) offering that Passco Companies brought to accredited investors under Rule 506(b), which bars general solicitation.
As filed and as disposed | |
|---|---|
Trust | Passco Voyager DST |
Sponsor | Passco Companies |
Asset class | Residential |
Exemption | 506(b) |
First Form D | June 13, 2017 |
Offering amount | $27,500,000 |
Minimum investment | $25,000 |
Exit type | Property sold |
Hold | Four years, the figure the record shows rather than one derived from a disposition date |
Sale date | not stated |
Sale price | not stated |
Trust
Passco Voyager DST
Sponsor
Passco Companies
Asset class
Residential
Exemption
506(b)
First Form D
June 13, 2017
Offering amount
$27,500,000
Minimum investment
$25,000
Exit type
Property sold
Hold
Four years, the figure the record shows rather than one derived from a disposition date
Sale date
not stated
Sale price
not stated
The terms are documented; the result is not. The Trust's Form D carries no performance figures, and a DST's offering documents, which state the distribution terms an investor was shown at subscription, are not public. Top1031 relies on the attached source over the basis label, because the page is what the record actually points to and it is not the dated sponsor disclosure the label describes. Neither figure appears here.
That leaves the exit type and the hold as the whole of what the record establishes about how this offering ended. It is the first Passco disposition to enter the record.