Kay Properties and Investments announced on August 10, 2020 that a custom DST offering holding a multi-tenant office property in the Tampa MSA had gone full cycle and been sold on behalf of investors. The release describes the offering. It does not name it.
Top1031 records that sale against REVA Kay Tampa IBC 2, DST, sponsored by REVA Properties, on the strength of the asset type and the market the release describes. That is the extent of the identification available. No filing, release, or other document in the record names the Trust in connection with this sale.
The offering as filed | |
|---|---|
Trust | REVA Kay Tampa IBC 2, DST |
Sponsor | REVA Properties |
Asset class | Commercial |
Exemption | 506(c) |
Offering amount | $35,600,000 |
Minimum investment | $356,000 |
First Form D filed |
The announcement reports a 131.42% total return net of fees, as reported by the sponsor in that August 10, 2020 release.
The full cycle therefore rests on two documents joined by a description rather than a name. What sits between them the record does not carry: no acquisition date, no sale price, and no hold period stated by any document.