Full cycle

Inland Private Capital Sold the Zionsville Ground Express DST's FedEx Ground Facility in September 2016

The Delaware Statutory Trust (DST)'s only asset was a FedEx Ground distribution facility in Zionsville, Indiana, offered by Inland Private Capital under Rule 506(b).

Published Updated

Zionsville Ground Express DST reached Full Cycle on September 15, 2016, when Inland Private Capital sold the property. Inland lists the program as completed on its published track record.

The offering as originally filed, with the span from first Form D to sale:

Detail

Value

Maximum offering amount

$12,089,583

Minimum investment

$25,000

First Form D filed

October 28, 2014

Filing-to-sale span

1.9 years

Inland reported a gross sale price of $37.1 million, as reported by the sponsor in its published track record. That is a property price, not an equity figure, and it does not map to the maximum offering amount above. The same document states a total return of 123%, as reported by the sponsor in that track record, and an annualized return of 11.95%, as reported by the sponsor in the same track record. No equity multiple appears.

Those figures sit in a track record table inside a private placement memorandum Inland published for a later offering, not in a standalone disposition announcement. The document does not state how either return was calculated, and the record Top1031 reviewed carries no independent confirmation of the sale price.