Starboard Realty Advisors sold the property behind Starboard WA Multifamily III DST and lists the Delaware Statutory Trust (DST) among the completed programs on its published track record.
Record | |
|---|---|
Trust | Starboard WA Multifamily III DST |
Sponsor | Starboard Realty Advisors |
CIK | 1791496 |
Exemption | 506(b) |
Offering ceiling | $8,800,000 |
Minimum investment | $25,000 |
Exit type | Property sold |
Exit date | September 18, 2023 |
Hold, first Form D to sale date | 3.9 years |
The Form D that opened the offering on October 21, 2019 places the Trust under Other Real Estate rather than a residential category, whatever the marketing title says.
The hold in the table runs from that first filing to the sale, the two dates the public record fixes for this Trust. It is not the hold any individual investor experienced. The record does not date the property's acquisition, and it does not date the closing of the raise.
Top1031's record for the Trust also holds three performance figures for this disposition, a total return, an annualized return and an equity multiple, each attributed to the sponsor and each sourced originally to a press release whose URL Top1031 removed, having found no archive record of it. What remains behind them are two URLs the record marks at low confidence. Top1031 does not publish a performance figure resting on that support, so the numbers it holds do not appear here.
Whether the property was bought as a stabilized asset or a value-added one, and on what hold the sponsor underwrote it, is not stated in any document on the record.
The sale has a date behind it, and so do the offering's original terms. The result the sponsor reports for the disposition does not.