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Updated over 4 years ago,
DST purchasing -- pro rata share of debt and total
I am totally new to a DST and appreciate any advices you can give me.
Planning to invest $600K in a single tenant NNN leased DST. Once I received the purchase agreement/settlement statement, I noted the following:
Pro-rata share of debt: $457K, Total Purchase Price of $1.08MM (the fund due from the investor is still indicated as $600K).
Since the debt service is paid by the Trust, I am a little confused as to what this total means... Is this a standard practice in any DST settlement statements?
Thanks in advance,