Top1031

1031CF Portfolio 5 DST

Senior housing property · sponsored by 1031 CF Properties

HistoricalLast Form D filed Sep 11, 2024 (opens in a new tab)

1031CF Portfolio 5 DST was a DST sponsored by 1031 CF Properties that owned a senior housing property (114 units). Its last Form D was filed Sep 11, 2024.

How it ended

No outcome recorded · under 7 years

Last Form D filed Sep 11, 2024.

1031 CF Properties has 2 active offerings on record →

Key facts

Minimum investment
$25,000
From the Form D
Offering size
$28,400,000
Equity offered, per the Form D
Sold
41.2%
Form D, Sep 11, 2024; the % is our arithmetic
Investors reported
50
Form D, Sep 11, 2024
Selling commissions
$2,556,000 · 9.0% of offering
Form D Item 15; the % is our arithmetic
Financing
All cash. This offering reports no mortgage debt.
How it is financed ↓
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.

Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →

Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.

Ask a 1031 specialist about this recordFree. About: 1031CF Portfolio 5 DST. Top1031 is not a broker-dealer.
1031CF Portfolio 5 DST image

1031CF Portfolio 5 DST · Photo: 1031crowdfunding.com

What did 1031CF Portfolio 5 DST own?

Gold Choice Palm Coast is a 50-unit assisted living and memory care building of 33,552 square feet on a 6.6-acre parcel, completed in 2021. Brokerage SLIB reported arranging its September 2023 sale from the Florida owner-operator that developed it to an unnamed 1031 fund buyer. 4 The Lake City community holds 64 units. 3 It now operates as The Heron of Lake City, previously known as The Canopy at Harper Lake. 5

Property size
114 units

How was it financed, and what did it cost to sell?

The sponsor's offering overview describes the portfolio as all cash — no mortgage on the buildings, so there is no trust-level debt for an exchanger to count toward replacing debt carried on a relinquished property. 1 The Form D filings themselves say nothing about financing.

Debt

Financing
All cash. This offering reports no mortgage debt.

Costs and terms from the Form D

Selling commissions
$2,556,000 · 9.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$1,964,000 · 6.9% of offering
Form D Item 16
· The filing’s note: “The Sponsor receives organization & offering expenses + real estate acquisition expenses + acquisition fee + demand note capital. Mr. Fernandez, an executive officer identified above, may receive selling commissions.”
Broker-dealers named in the Form D
1 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Sep 19, 2023
Minimum investment
$25,000

Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.

What does the SEC record show?

The Trust is offered under the SEC rule that permits general advertising while limiting sales to verified accredited investors — buyers meeting income or net-worth tests. The single amendment on record reported a first sale date of September 19, 2023. 6 The sponsor's own offering page states the offering has closed and is no longer accepting reservations. 1

Legal Trust name
1031CF Portfolio 5 DST
SEC CIK
1993083
First Form D
Sep 14, 2023
Latest Form D
Sep 11, 2024
Filings on record
2
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D/A$28,400,000
$11,712,984+$11,712,984
50
EDGAR
Form D$28,400,000
$0
EDGAR

Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.

A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

Common questions

What happened to 1031CF Portfolio 5 DST?
1031CF Portfolio 5 DST is a Historical offering. Last Form D filed Sep 11, 2024.
What does 1031CF Portfolio 5 DST actually own?
Two Florida senior housing communities: the former Canopy at Harper Lake in Lake City, a 64-unit assisted living community now operating as The Heron of Lake City, and Gold Choice Palm Coast, a 50-unit assisted living and memory care building of 33,552 square feet on 6.6 acres, completed in 2021.
Who runs the buildings, and how does the Trust get paid?
The sponsor's September 19, 2023 launch release identified Gold Choice Senior Communities, a regional Florida assisted living and memory care operator, as the operator. The sponsor's offering page states that cash flow is paid to the trust under a Master Lease Agreement — the operating tenant runs the care business and the trust receives lease payments.
Is there a mortgage on the properties?
The sponsor's offering overview describes the loan-to-value as All Cash, meaning no mortgage financing at the trust level. Top1031's SEC-derived record lists leverage as unknown because Form D filings do not report debt, so the all-cash description rests on sponsor material rather than a filed document.
Does this Trust have a 721/UPREIT exit?
No. The record shows no provision to convert investor interests into operating partnership units of a REIT — the transaction sometimes called a 721 exchange or UPREIT roll-up. Exit terms are governed by the offering documents.

In the news

Sources

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These links support the record as a whole; individual details may come from different sources.

DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current offering documents before investing.