JLL Capital Markets arranged the transaction, and the release announcing it was issued by JLL and Phoenix Senior Living. Five years separate Vineyard Braselton DST's first Form D from that closing.
Vineyard Braselton DST's initial Form D records the offering as it was brought to market.
Offering as filed | |
|---|---|
Trust | Vineyard Braselton DST |
Sponsor | Vineyard Braselton Trustee |
First Form D | December 4, 2020 |
Asset class as filed | Other Real Estate |
Exemption | 506(b) |
Offering ceiling | $12,000,000 |
Minimum investment | $100,000 |
The announcement disclosed no return metrics at the Trust level. It carries no sale price either. What the sale produced for the investors who held beneficial interests is not something the announcement addresses.
What the announcement does describe is the asset. The community's units divide into 90 independent living, 48 assisted living, and 24 memory care.
This is the second disposition recorded against that name, and the event on the record is the sale of the property rather than a stated completion of the Trust itself.