The Itasca Building Tied to SE ITASCA, DST Changed Hands on November 9, 2020, With No Party Named

The medical office at 870 North Arlington Heights Road in Itasca, Illinois sold on November 9, 2020, according to Traded.co. SE ITASCA, DST, a Syndicated Equities Delaware Statutory Trust (DST), filed its first Form D on October 26, 2020, two weeks before that transaction date.

Syndicated Equities identifies an approximately 50,000-square-foot Itasca property, a newly constructed medical office and pharmaceutical facility leased to Option Care Health and held in a DST, on its page for the property. Option Care Health gives the same street address for its Itasca infusion center. Traded.co supplies the transaction and its date. What joins them is the address. None of the three names the Trust as a party, and the record does not state which side of the transaction the Trust was on: with its Form D filed first, the documents are equally consistent with the Trust as the acquirer.

Top1031's disposition record gives the price as $20.6 million and marks that figure as reported by the sponsor, while the same record's summary attributes it to Traded.co. This report relies on the deal tracker: it is the document the summary names as carrying the number, and the record identifies no sponsor announcement that states a price.

No acquisition date for the Trust appears in the record, and a Form D filing date is not one, so no hold period is established. No total return, annualized return or equity multiple appears either. The research behind this report located no full-cycle return disclosure for the Trust, which is the bounded result of that search and not evidence that none was published.

The public account of how this building changed hands is an undated sponsor property page, a tenant's location listing and a deal tracker's entry. Between them they establish an address, a date and a price. They do not establish an exit.