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 carries 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 private placement memorandum, which states the distribution terms an investor was shown at subscription, is not a public document. Two figures for this Trust, an equity multiple and an annualized rate, reach Top1031 carrying a low-confidence flag, and their provenance is in conflict: the stated basis is a sponsor announcement, while the only source attached to them is the Baker 1031 full-cycle deal tracker, a third-party page. 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 Top1031's full-cycle record.