Starboard Realty Advisors has reported the full-cycle disposition of the Starboard Silver Oaks DST, the residential complex Silver Oaks Apartments in Gonzales, Louisiana. The sponsor announced the sale in a press release dated October 23, 2024; that release states the disposition, not a recorded closing date, and no deed or SEC filing in the record confirms the price.
The sponsor reported the property sold for $45.5 million, as reported by the sponsor; measured over a 5.2-year hold, it reported a 71% total return, as reported by the sponsor, a 1.71x equity multiple, as reported by the sponsor, and an 11.1% annualized return, as reported by the sponsor (AltsWire, October 23, 2024). Starboard also lists Silver Oaks under "Full Cycle" on its own site (Starboard Realty Advisors).
The Trust was offered under Rule 506(b). Its initial Form D, filed September 7, 2022, disclosed a $49.75 million offering ceiling and a $25,000 minimum investment (SEC Form D). That filing sets no return or distribution figure.
The offering's own record is shorter than the hold the sponsor's returns cover. From its September 2022 Form D to the October 2024 announcement, the Trust spans 2.1 years; the reported returns run over 5.2 years.