1031CF Portfolio 5 DST
Senior housing property — sponsored by 1031 CF Properties
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These links support the historical public record; individual details may come from different sources.
- 1031 Crowdfunding ↗
- Business Wire ↗
- Seniors Housing Business ↗
- Seniors Housing Business ↗
- Lake City-Columbia County Chamber of Commerce ↗
- U.S. Securities and Exchange Commission ↗
- U.S. Securities and Exchange Commission ↗
- businesswire.com ↗
- seniorshousingbusines… ↗
- 1031crowdfunding.com ↗
- quality.healthfinder.… ↗
- quality.healthfinder.… ↗
What is this, in one paragraph?
1031CF Portfolio 5 DST is a Delaware Statutory Trust — a fractional-ownership vehicle whose interests qualify as 1031 exchange replacement property — holding two Florida senior housing communities: The Canopy at Harper Lake in Lake City and Gold Choice Palm Coast. Sponsored by 1031 CF Properties, an affiliate of the 1031 Crowdfunding platform, it registered a $28,400,000 offering with the SEC in September 2023.7
Minimum investment
$25k
Offering size
$28.4M
How much has sold
41.0%
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
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
Who is the tenant, and what's the lease?
Cash flow reaches the Trust through a master lease — a single lease to an operating tenant, the arrangement senior housing DSTs use because the trust itself cannot run a care business.1 At the September 2023 launch the sponsor identified Gold Choice Senior Communities, a regional Florida assisted living and memory care operator, as the operator of both buildings.2
How did it end?
Still operating
Trust remains active and operating; JRW Investments' sponsor directory and the 1031 Crowdfunding sponsor site both list 1031CF Portfolio 5 DST as Active (inv. date Sept. 6, 2023, 5.75% distributions); the September 2023 SLIB sale articles covering The Canopy at Harper Lake and Gold Choice Palm Coast reported the operator-to-DST acquisition that funded the trust (not a disposition out of it), and no subsequent sale, full-cycle, UPREIT, foreclosure, or loss announcement has been found.
The Canopy at Harper Lake (Lake City, FL) and Gold Choice Palm Coast Assisted Living & Memory Care (Palm Coast, FL) · 114-unit assisted living and memory care portfolio of two facilities: The Canopy at Harper Lake (Heron of Lake City, FL) and Gold Choice Palm Coast (Heron of Palm Coast, FL). Gold Choice Palm Coast is a 50-unit, 33,552 sq ft community on a 6.6-acre parcel built 2021. Sponsor is 1031 CF Properties LLC, affiliate of 1031 Crowdfunding platform led by Edward E. Fernandez.
114 unitsSupporting evidence
Counted on 1031 CF Properties’s Record Card as: No outcome recorded · under 7 years Document
How is it financed, and what does it pay?
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.
Who's behind it?
1031 CF Properties is the sponsor entity affiliated with 1031 Crowdfunding, the online exchange marketplace led by Edward E. Fernandez. At launch on September 19, 2023, the firm described this two-facility Florida portfolio as its 10th Delaware Statutory Trust offering.2 The sponsor's offering page later reported combined occupancy across the two communities of 82.5%, measured at the end of the second quarter of 2024.1
- Sponsor
- 1031 CF Properties
- May convert to a REIT
- No
- Offerings from this sponsor
- 1 active / 4 total offerings from 1031 CF Properties
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
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
- First Form D filedThe public offering record begins.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Legal Trust name
- 1031CF Portfolio 5 DST
- Filings on record
- 2
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
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.
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 Private Placement Memorandum before investing.
Common questions
What happened to 1031CF Portfolio 5 DST?
Top1031 lists 1031CF Portfolio 5 DST in the Historical cohort because its latest filing is outside the Active window. The outcome and source documents are shown separately.
Where does Top1031 get the data for 1031CF Portfolio 5 DST?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
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.
Can I still invest in this Trust?
The sponsor's offering page states the offering has closed and is no longer accepting reservations, while the most recent Form D amendment on file with the SEC was submitted September 11, 2024. Availability is a question for the sponsor or your representative, not for a directory page; nothing here is an offer.
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 private placement memorandum, the offering's core legal disclosure document.
Has the portfolio been sold or gone full cycle?
No disposition, full-cycle sale, foreclosure, or other outcome was located in public materials reviewed through September 5, 2026. Trust status listings describe the offering as active and operating.
Chapter 91031 Crowdfunding Adds Florida Senior Housing Facilities to PortfolioPress release announcing the launch of 1031CF Portfolio 5 DST, a 114-unit assisted living and memory care portfolio in Lake City and Palm Coast, Florida. SLIB Negotiates Sale of 50-Unit Gold Choice Palm Coast in FloridaTrade-press article on SLIB arranging the sale of Gold Choice Palm Coast, a 50-unit assisted living and memory care community, to a 1031 fund buyer. 1031CF Portfolio 5 DSTSponsor offering page describing 1031CF Portfolio 5 DST as a 114-unit assisted living and memory care portfolio in Lake City and Palm Coast, Florida.