Carriage Homes on the Lake
Multifamily property in Garland, TX · sponsored by Bridgeview Student Housing
Carriage Homes on the Lake was a DST sponsored by Bridgeview Student Housing that owned a multifamily property in Garland, TX. Its last Form D was filed Feb 12, 2024.
How it ended
No outcome recorded · under 7 years
The record lists the offering as fully subscribed; the last Form D was filed Feb 12, 2024.
Key facts
- Minimum investment
- $50,000From the Form D
- Offering size
- $64,741,701Equity offered, per the Form D
- Sold
- 43.0%Form D, Feb 12, 2024; the % is our arithmetic
- Investors reported
- Form D, Feb 12, 202459
- Selling commissions
- Form D Item 15; the % is our arithmetic$3,884,502 · 5.9% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.How it is financed ↓
- 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: Carriage Homes on the Lake. Top1031 is not a broker-dealer.What did Carriage Homes on the Lake own?
No SEC filing for this Trust names the property; the Form D describes the offering only as residential. 1 A secondary marketplace lists an identically named trust as a closed multifamily deal in Garland, Texas, but supplies no underlying property record, and its year-built and pricing data conflict with a same-named Garland apartment community listed elsewhere. 5 Acquisition date, price, unit count and operator remain unresolved in the public record.
- Reported location
- Garland, TX
How was it financed, and what did it cost to sell?
Nothing in this Trust's filings states whether the property was bought with mortgage debt or all cash, so the capital stack is unknown from the public record. In a leveraged DST the loan is non-recourse to investors, and the lender and terms would be set out in the offering documents.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $3,884,502 · 5.9% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $4,643,514 · 7.1% of offeringForm D Item 16· The filing’s note: “Estimate of certain fees, including Managing Broker Dealer fee, Marketing and Due Diligence Allowance, Offering & Organizational Expenses and Acquisition Fee that may accrue to one or more related persons.”
- Broker-dealers named in the Form D
- 10 named in the Form D
Show the firms
- Arkadios Capital · CRD 282710
- BV Securities, LLC · CRD 103800
- Cabin Securities, Inc. · CRD 137608
- Capulent LLC · CRD 155155
- Emerson Equity LLC · CRD 130032
- Great Point Capital LLC · CRD 114203
- Metric Financial, LLC · CRD 33324
- Patrick Capital Markets, LLC · CRD 16518
- Realized Financial, Inc. · CRD 22333
- Saxony Securities, Inc. · CRD 115547
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Aug 11, 2023
- Minimum investment
- $50,000
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 Carriage Homes on the Lake?
This Trust comes from the Bridgeview / BV Capital group of Texas real estate companies. 3 The initial Form D names BV CH Depositor LLC as depositor, CH Manager, LLC as administrative trustee, and Steven May as founder of an affiliate of the sponsor. 1 BV Capital's year-in-review covering 2024 states the firm completed the raise on its second Delaware statutory trust and identifies this Trust as that one; it gives no closing amount or closing date. 3
- Sponsor
- Offerings on record
What does the SEC record show?
The original notice was followed by two amendments, each updating the running sales tally without changing the $64,741,701 offering size. 1 The Trust was offered under Rule 506(b), the private-placement exemption that allows sales to accredited investors — those meeting SEC income or net-worth tests — without general advertising.
- Legal Trust name
- BV Carriage Homes on the Lake DST
- SEC CIK
- 1984526
- First Form D
- Aug 8, 2023
- Latest Form D
- Feb 12, 2024
- Filings on record
- 3
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $64,741,701 | $27,852,220+$17,789,510 | 59+44 | EDGAR | |
| Form D/A | $64,741,701 | $10,062,710+$10,062,710 | 15 | EDGAR | |
| Form D | $64,741,701 | $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 Carriage Homes on the Lake?
- Carriage Homes on the Lake is a Historical offering. The record lists the offering as fully subscribed; the last Form D was filed Feb 12, 2024.
- What property does the Trust actually own?
- The public record does not resolve it. The Form D classifies the offering as residential but names no asset, and no SEC filing gives an address, unit count or acquisition price. A same-named apartment community in Garland, Texas appears in third-party listings, but nothing in the primary record links that property to this Trust.
- What was the minimum investment?
- Each Form D for this Trust specified a $50,000 minimum outside investment, from the initial August 8, 2023 notice through the February 2024 amendment. That is the filing-stated minimum; the actual subscription terms for any investor sit in the offering documents.
- What fees did the filings disclose?
- The February 2024 Form D/A estimated $4,643,514 of use of proceeds for fees, listing Managing Broker Dealer, Marketing and Due Diligence, Offering and Organizational, and Acquisition Fees that may accrue to related persons.
- Is there any litigation or regulatory action against this Trust?
- On June 25, 2025, The White Law Group published an investigation notice concerning possible broker liability for recommendations of BV Carriage Homes on the Lake DST. That is a law-firm solicitation and investigation lead, not a finding. No court, regulatory, bankruptcy or disposition record for the Trust was identified in the research for this profile.
- Can this Trust convert into a REIT?
- No 721/UPREIT exit — the structure in which DST investors contribute their interests to a REIT's operating partnership for OP units — is recorded for this Trust. Any exit path would be described in the offering documents and trust agreement.
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.