Inland Private Capital sold the student-housing property held by San Marcos Student Living DST and announced the transaction in mid-August 2024. The Trust delivered a 1.48x equity multiple and a 6.45% IRR to investors, as reported by the sponsor in its news release on the sale and in AltsWire's account of the announcement.
San Marcos Student Living DST, a Delaware Statutory Trust (DST) sponsored by Inland Private Capital, filed its first Form D on January 22, 2016 and classified the offering as Other Real Estate. That form does not name the property, its city, or its student-housing use.
Record | |
|---|---|
Trust | San Marcos Student Living DST |
Sponsor | Inland Private Capital |
Property | Student housing near Texas State University |
First Form D filed | January 22, 2016 |
Exemption | 506(b) |
Offering amount, as filed | $24,321,998 |
Minimum investment | $25,000 |
Exit type | Property sold |
Sale price | Not stated |
AltsWire's account of the announcement puts the raise from accredited investors at approximately $24.3 million between January and September 2016, close to the ceiling stated on the Form D filed that January.
Two dates sit in the record for the announcement, August 14 and August 15, 2024. Top1031 dates the exit to August 14, the earlier of the two, and measures the hold from the Trust's first Form D to that date. The filings do not state when the property was acquired, so the span measures the offering, not the ownership.