Sabre Corporation Headquarters
Office property in Southlake, TX · sponsored by BDP Holdings
Sabre Corporation Headquarters was a DST sponsored by BDP Holdings that owned an office property in Southlake, TX (265,942 square feet). Its last Form D was filed Sep 15, 2023.
How it ended
No outcome recorded · under 7 years
Last Form D filed Sep 15, 2023.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $51,985,339Equity offered, per the Form D
- Sold
- 36.9%Form D, Sep 15, 2023; the % is our arithmetic
- Investors reported
- Form D, Sep 15, 202360
- Selling commissions
- Form D Item 15; the % is our arithmetic$3,119,120 · 5.9% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.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 →
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Ask a 1031 specialist about this recordFree. About: Sabre Corporation Headquarters. Top1031 is not a broker-dealer.Sabre Corporation Headquarters · Southlake, TX · Photo: fortworthinc.com
What did Sabre Corporation Headquarters own?
BDP Holdings bought the Sabre Corporation headquarters at 3150 Sabre Drive in Southlake, Texas, in November 2022 from a joint venture of Cawley Partners, Staubach Capital and PCCP, LLC, with JLL brokering the sale. 1 Sabre has occupied the campus as its headquarters since 2002. 1 Tarrant Appraisal District, which records BDP Southlake DST as owner, noticed the parcel at $44,169,667 on April 15, 2026. 3
- Reported location
- Southlake, TX
- Property size
- 265,942 square feet; five stories; 12.60 acres
How was it financed, and what did it cost to sell?
JLL reported that the buyer obtained 10-year acquisition financing through Wells Fargo & Company; that release did not state the principal amount. 1 The filing record for this Trust does not establish how much of that debt sits behind investor interests, which is a private-placement-memorandum question.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $3,119,120 · 5.9% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $4,854,560 · 9.3% of offeringForm D Item 16· The filing’s note: “Estimate of certain fees including Acquisition Fee, Dealer Manager Fee, Organization and Offering Costs and Trust Reserve and other expenses that may accrue to one or more related persons.”
- Broker-dealers named in the Form D
- 11 named in the Form D
Show the firms
- American Trust Investment Services, Inc. · CRD 3001
- Arete Wealth Management, LLC · CRD 44856
- Cabin Securities, Inc. · CRD 137608
- Capulent LLC · CRD 155155
- Emerson Equity LLC · CRD 130032
- FNEX Capital, LLC · CRD 166316
- Great Point Capital LLC · CRD 114203
- IBN Financial Services, Inc. · CRD 42360
- Lightpath Capital, Inc. · CRD 34617
- Patrick Capital Markets, LLC · CRD 16518
- Saxony Securities, Inc. · CRD 115547
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Oct 21, 2022
- 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.
Who's behind Sabre Corporation Headquarters?
SEC filings name BDP Holdings, LLC as sponsor of the Trust, BDP Southlake Depositor, LLC as depositor, and BDP Southlake DST Manager, LLC as administrative trustee. 4 The firm acquired the Sabre campus from a joint venture of Cawley Partners, Staubach Capital and PCCP, LLC in November 2022. 1 The White Law Group announced on May 14, 2024 that it was investigating potential securities claims involving brokers who recommended this Trust — an announcement by a claimant-side law firm, not a finding of wrongdoing.
- Sponsor
- Offerings on record
What does the SEC record show?
The Trust is a Delaware statutory trust formed in 2022, and its filings report a first sale of interests on October 21, 2022. 4 Amendments to the original Form D — the short notice issuers file for exempt private offerings — updated sales progress and increased the total offering amount. Rule 506(c) permits general advertising while restricting purchasers to accredited investors.
- Legal Trust name
- BDP Southlake DST
- SEC CIK
- 1943774
- First Form D
- Aug 24, 2022
- Latest Form D
- Sep 15, 2023
- Filings on record
- 4
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $51,985,339was $45,192,820 | $19,204,483+$2,402,556 | 60+13 | EDGAR | |
| Form D/A | $45,192,820 | $16,801,927+$13,089,120 | 47+33 | EDGAR | |
| Form D/A | $45,192,820 | $3,712,807+$3,712,807 | 14 | EDGAR | |
| Form D | $45,192,820 | $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 Sabre Corporation Headquarters?
- Sabre Corporation Headquarters is a Historical offering. Last Form D filed Sep 15, 2023.
- Who is the tenant, and when does the lease end?
- The building is the corporate headquarters of Sabre Corporation, which has occupied the site since 2002. Reporting at the November 2022 acquisition described the property as 100% leased to Sabre through 2032. A LoopNet listing dated July 14, 2026 shows office space available at 3150 Sabre Drive and a December 31, 2032 lease expiration, so present-day occupancy cannot be confirmed from public sources.
- Is there a mortgage on the property?
- JLL reported that the buyer obtained 10-year acquisition financing through Wells Fargo & Company at the November 2022 purchase, without disclosing the principal. The Form D filings do not report loan terms, so the debt amount, interest rate, and maturity as they apply to Trust investors would come from the offering documents rather than from public filings.
- What is the minimum investment?
- Each Form D filed for BDP Southlake DST, from the original notice through the September 15, 2023 amendment, reports a $25,000 minimum outside investment. Sponsors can and do apply different minimums for cash investors versus 1031 exchange investors, and the operative figure for any subscription is the one in the current offering documents.
- Has anything adverse been reported about this Trust?
- On May 14, 2024, The White Law Group published a notice that it was investigating potential securities claims involving broker-dealers who recommended BDP Southlake DST. That is an announcement by a firm that represents investors in claims against brokers; it is not a regulatory action, a court finding, or evidence about the property's performance. No sale, default, or distribution event for the Trust has been established in the public record.
- Could this Trust convert into a REIT interest?
- The Trust's record shows no 721/UPREIT exit — the structure in which DST investors exchange property interests for operating-partnership units in a REIT. It is presented as a single-property Delaware statutory trust holding one office building, so the exit path visible in the public record is a sale or refinancing of that asset rather than a REIT roll-up.
In the news
Sources
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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.