Top1031

BC Exchange The Palms DST

in Davie, FL · sponsored by Black Creek Exchange

Historical · convertedConverted into REIT units (721 exchange) Jan 2022 · last Form D Sep 24, 2021 (opens in a new tab)

BC Exchange The Palms DST, sponsored by Black Creek Exchange, filed its first Form D with the SEC on Feb 12, 2021 for a $87.4 million offering. Converted into REIT units (721 exchange) Jan 2022.

How it ended

Moved into a REIT, value not stated

Converted into REIT units (721 exchange) Jan 2022.

Date
Jan 1, 2022
Held
0.9 years

Key facts

Minimum investment
$500,000
From the Form D
Offering size
$87,438,017
Equity offered, per the Form D
Sold
90.7%
Form D, Sep 24, 2021; the % is our arithmetic
Investors reported
84
Form D, Sep 24, 2021
Selling commissions
$4,371,901 · 5.0% of offering
Form D Item 15; the % is our arithmetic
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.

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: BC Exchange The Palms DST. Top1031 is not a broker-dealer.

What did BC Exchange The Palms DST own?

Reported location
Davie, FL

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

Debt

Converted to a REIT (721)
Yes: converted into REIT units Jan 2022

Costs and terms from the Form D

Selling commissions
$4,371,901 · 5.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$3,716,115 · 4.2% of offering
Form D Item 16
· The filing’s note: “Estimate includes 1.5% Dealer Manager Fee, 1.5% Facilitation Fee, and 1.25% Organizational Expense and Real Estate Transaction Cost Allowance”
Broker-dealers named in the Form D
12 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Minimum investment
$500,000

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?

Legal Trust name
BC Exchange The Palms DST
SEC CIK
1845829
First Form D
Feb 12, 2021
Latest Form D
Sep 24, 2021
Filings on record
4
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D/A$87,438,017
$79,350,000+$40,105,382
84+42
EDGAR
Form D/A$87,438,017
$39,244,618+$30,874,329
42+36
EDGAR
Form D/A$87,438,017
$8,370,289+$8,370,289
6
EDGAR
Form D$87,438,017
$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 BC Exchange The Palms DST?
BC Exchange The Palms DST is a Historical offering. Converted into REIT units (721 exchange) Jan 2022.
Did BC Exchange The Palms DST convert into REIT units through a 721 exchange?
Converted into REIT units (721 exchange) Jan 2022. In a 721 exchange, or UPREIT, the DST’s property is contributed to a REIT’s operating partnership and investors receive operating-partnership units instead of cash.
How a DST-to-721 UPREIT exit works

In the news

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.