The property behind TNP 1265 NW Waterhouse Ave, DST transferred on a grant deed recorded December 2, 2019. The amount stated on that transfer is $14.61 million, reported by Berkshire Hathaway HomeServices in its property record rather than as reported by the sponsor. That is a property-level record: a deed on a parcel, not a filing or an announcement by the Trust.
The record Top1031 works from is not internally consistent about where the amount originates. One field labels its basis a sponsor announcement and grades it high confidence; the description of the source names the brokerage property entry and characterizes the sale as a medium-confidence, property-level one. This report follows the brokerage reading, because the brokerage entry is the document that can be examined and the sponsor announcement it refers to is not in the record.
The Form D the Trust filed under CIK 1518160 is close to the whole of the offering's public footprint, and even that is unsettled: a second Form D document sits on EDGAR under the same CIK, and the available record does not establish whether it amends the first or covers a separate raise.
Offering and disposition on record | |
|---|---|
Sponsor | Thompson National Properties |
Asset class | Commercial |
Offering amount | $5,520,000 |
Minimum investment | $66,214 |
Exemptions claimed on Form D | 06, 3C, 3C.1, 3C.5 |
Exit type | Property sold |
First filing date to deed date | 8.5 years, calculated by Top1031 from the two dates; no filing in the record states a hold period |
No sponsor announcement of a full cycle for this Trust, no statement of what investors received, and no total return, annualized return, or equity multiple appears in the documents available here. The Form D and the deed mark the beginning and the end. What happened between them stayed private.