Inland Private Capital sold the property held by Pearland Multifamily DST on March 8, 2019. The sponsor lists the program as completed on its published residential full-cycle activity record, which is where the terms of the disposition appear.
The offering first registered on April 23, 2014, a 506(b) program with an offering amount of $27.79 million and a $25,000 minimum investment. That Form D classifies the property as "Other Real Estate," while the Trust's name and the sponsor's residential listing both point to a multifamily asset. Measured from the first filing to the sale, the record places the hold at 4.9 years. Top1031's computed inputs also carry a hold of 4.75 years; this report uses the 4.9-year figure because both of the dates behind it are on the public record.
Disposition figure | Record |
|---|---|
Sale price | $57,500,000, as reported by the sponsor in its residential full-cycle activity list |
Total return | 126.69%, as reported by the sponsor in its residential full-cycle activity list |
Annualized return | 5.62%, as reported by the sponsor in a later Inland Private Capital offering memorandum |
No equity multiple is disclosed for the program. Nor does the public record carry an independent account of the sale alongside the sponsor's own reporting, or the offering documents' original distribution terms. What is documented is the event: a property sold, a Trust closed out, and one more entry in Inland Private Capital's full-cycle history.