Silver Star Properties REIT, Inc. put the disposition of the Rockport, Texas storage facility on the record in its September 2024 Pivot Update, the only disposition document Top1031 holds for Southern Star Storage IV - Rockport DST. The update describes the outcome in words rather than numbers: the property showed a "large ROI at disposition," as reported by the sponsor in that update. No percentage, multiple, or dollar amount sits beside the phrase.
The update states neither a closing date nor a price. Without a closing date, no hold period follows from the dates, and Top1031 leaves the exit type on this Delaware Statutory Trust (DST) unclassified.
The offering side of the record is a single Form D.
Item | As filed and on record |
|---|---|
Form D first filed | |
Exemption | 506(b) |
Maximum offering amount | $3,433,109 |
Minimum investment | $100,000 |
Amount sold | not on the record |
Property | 480 units, 47,495 sf, Rockport, Texas |
Asset class, Top1031 record | Commercial |
The record establishes that the Rockport facility left the Trust. It does not show what the sale returned to unit holders.