Multifamily 1 - Van Mark Creek Apartments DST reached program close on April 5, 2019, when the property sold. ExchangeRight's Full Cycle Returns report puts 144 units in the Delaware Statutory Trust (DST).
From ExchangeRight's Full Cycle Returns report | |
|---|---|
Average annual return | 7.27%, as reported by the sponsor in the Full Cycle Returns report |
Equity multiple | 1.29x, as reported by the sponsor in the same report |
Hold | 3.9 years, as reported by the sponsor in the same report, measured from the April 27, 2015 offering date it gives |
The Form D was filed on April 28, 2015, a day after that offering date.
As filed on the Form D | |
|---|---|
Exemption | 506(b) |
Maximum offering amount | $4,860,000 |
Minimum investment | $100,000 |
Asset class recorded | Commercial |
The Trust's marketing title and the sponsor's report both describe multifamily; the offering record classifies the asset class as Commercial. Nothing reviewed reconciles the two.
The Form D carries no distribution terms, and the private placement memorandum is not a public document, so what the offering originally told investors about distributions cannot be read from the filings. No disposition value appears in the sources reviewed. No source reviewed states why the property sold when it did.