Inland Private Capital completed the sale of a Hunt Valley, Maryland office building leased to Bank of America on October 3, 2019, closing out RR HV Venture Holdings DST. The trust, a Delaware Statutory Trust (DST), was held over 11.1 years, which Baker 1031 records as acquired, held, and sold (realized). The record Top1031 holds carries no first filing date, so the acquisition date itself is not established.
In its release, Inland Private Capital described the building as its largest pre-recession office holding, a characterization of its own portfolio rather than a ranking the record verifies.
Measure | Figure |
|---|---|
Sale price | $99.3 million, as reported by the sponsor (release) |
Total return | 177.25%, as reported by the sponsor (release) |
Average annualized return | 7.06%, as reported by the sponsor (release) |
The offering's original terms - the trust's size, its minimum investment, and any distribution figures the offering documents stated at launch - are not in the record Top1031 holds, leaving the sponsor's reported result without a filed projection to sit beside.
The sale is the third full-cycle exit Top1031 has recorded for Inland Private Capital. AltsWire covered the transaction as a full-cycle sale.