What the sources can and cannot show
We begin with SEC Form D filings, then add sponsor disclosures and researched property details. Each source has limits. Form D reports what an issuer filed, not the quality of an offering or its current availability. Sponsor disclosures can be selective or incomplete. Public records can lag current events. Top1031 labels the source and the uncertainty rather than filling gaps with unsupported estimates.
SEC EDGAR as the starting point
Top1031 searches public Form D filings and amendments in the SEC's EDGAR system. These filings provide the issuer's reported legal name, CIK, stated offering size, filing dates, amount sold or remaining when disclosed, investor count, and Regulation D exemption.
Values from Form D are preserved as reported. A filing does not mean the SEC approved, endorsed, or verified the offering. Top1031 does not treat projected returns as realized results or estimate sponsor performance where no supported figure exists.
Daily filing checks and research
Filing data is checked daily for new Form D filings, amendments, and status changes. Top1031 research adds canonical sponsor names, asset types, locations, photos, financing details, and outcome evidence when reliable sources support them.
Coverage varies by field and record. Missing source data appears as “Not disclosed.” Incomplete Top1031 research appears as “Not yet researched.” Exact map locations appear only when the address is supported by a cited source and may be displayed.
Normalization and evidence
Sponsor aliases are merged into one canonical sponsor record. Free-text property descriptions are normalized into eight asset types. Historical offerings appear publicly after enough source and identity research is complete for a reliable record. Suspended, duplicate, or invalid records are excluded under documented data rules.
Outcome classifications use SEC filings, sponsor announcements, and credible trade reporting. Sponsor-published performance figures remain labeled as sponsor-reported. Top1031 identifies the source and does not treat sponsor publication as independent verification.
Corrections
Corrections are made at the source-input level. When a filing is amended or a reliable source supports a change, Top1031 updates the relevant input and citation. The change then flows through affected offering pages, sponsor records, data reports, and grades during the applicable refresh.
To submit a correction, email data@top1031.com with the page URL, the proposed correction, and a supporting source.