Briggs & Union Apartments (Mount Laurel, NJ)
Multifamily property in Mount Laurel, NJ · sponsored by Brookfield
Briggs & Union Apartments (Mount Laurel, NJ) was a DST sponsored by Brookfield that owned a multifamily property in Mount Laurel, NJ (490 units). Its last Form D, filed Mar 27, 2026, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Mar 27, 2026, reports the offering fully sold.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $79,916,131Equity offered, per the Form D
- Sold
- 100%Form D, Mar 27, 2026; the % is our arithmetic
- Investors reported
- Form D, Mar 27, 2026125
- Selling commissions
- Form D Item 15; the % is our arithmetic$5,594,129 · 6.9% 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: Briggs & Union Apartments (Mount Laurel, NJ). Top1031 is not a broker-dealer.What did the Trust own?
Briggs & Union is a newly built rental community in Mount Laurel Township, Burlington County, New Jersey, within the greater Philadelphia market. 1 Brookfield Real Estate Income Trust acquired it in 2022 for $158 million, and CoStar reported in October 2024 that it was the REIT's largest apartment holding. 4 No year-built date, developer name, or occupancy figure was established in the sources reviewed.
- Property address
- 12000 Knox Way, Mount Laurel, NJ
- Property size
- 490 units
How was it financed, and what did it cost to sell?
The Form D classifies the securities offered as equity and does not select debt, so it establishes nothing about loans secured by the property itself. 3 No lender, loan balance, or loan-to-value figure appeared in the sponsor or public sources reviewed; the offering documents are where that structure is set out.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $5,594,129 · 6.9% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $399,581 · 0.5% of offeringForm D Item 16· The filing’s note: “Item 16 is an estimate of offering and organizational expenses that may accrue to one or more Related Persons.”
- Broker-dealers named in the Form D
- 14 named in the Form D
Show the firms
- American Trust Investment Services, Inc. · CRD 3001
- Aurora Securities · CRD 46147
- Cabin Securities, Inc. · CRD 137608
- Cabot Lodge Securities LLC · CRD 159712
- Capulent LLC · CRD 155155
- Cetera Wealth Services, LLC · CRD 13572
- Concorde Investment Services, LLC · CRD 151604
- DAI Securities, LLC · CRD 36673
- FNEX Capital, LLC · CRD 166316
- Investment Security Corporation · CRD 47536
- McDermott Investment Services, LLC · CRD 154926
- Metropolitan Capital Investment Banc, Inc. · CRD 148820
- Realized Financial, Inc. · CRD 22333
- Realta Equities, Inc. · CRD 23769
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Aug 15, 2025
- Minimum investment
- $100,000
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 the Trust?
The Form D names Brookfield Real Estate Exchange LLC as sponsor — the 1031 exchange arm associated with Brookfield Real Estate Income Trust, Brookfield's non-traded REIT. 3 The REIT commenced that program on October 3, 2024, sized at up to $1 billion of DST offerings for exchange investors. 2 AltsWire reported on October 15, 2025 that Briggs & Union was among the properties backing the program for accredited investors. 5
- Sponsor
- Offerings on record
What does the SEC record show?
The Trust reported its first sale on August 15, 2025, then amended its Form D roughly every few weeks, each amendment raising the reported amount sold until the March 27, 2026 filing showed the offering fully sold. 3 Interests were offered privately rather than by general advertising, and only to accredited investors — those meeting SEC income or net-worth thresholds.
- Legal Trust name
- BREX Briggs MF DST
- SEC CIK
- 2083653
- First Form D
- Aug 28, 2025
- Latest Form D
- Mar 27, 2026
- Filings on record
- 12
- 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 | $79,916,131 | $79,916,131+$2,323,252 | 125+2 | EDGAR | |
| Form D/A | $79,916,131 | $77,592,879+$13,318,140 | 123+16 | EDGAR | |
| Form D/A | $79,916,131 | $64,274,739+$16,025,984 | 107+23 | EDGAR | |
| Form D/A | $79,916,131 | $48,248,755+$9,975,617 | 84+10 | EDGAR | |
| Form D/A | $79,916,131 | $38,273,138+$10,822,047 | 74+17 | EDGAR | |
| Form D/A | $79,916,131 | $27,451,091+$3,544,453 | 57+10 | EDGAR | |
| Form D/A | $79,916,131 | $23,906,638+$7,995,813 | 47+13 | EDGAR | |
| Form D/A | $79,916,131 | $15,910,825+$4,209,667 | 34+5 | EDGAR | |
| Form D/A | $79,916,131 | $11,701,158+$4,500,732 | 29+12 | EDGAR | |
| Form D/A | $79,916,131 | $7,200,426+$2,513,287 | 17+5 | EDGAR | |
| Form D/A | $79,916,131 | $4,687,139+$3,184,361 | 12+8 | EDGAR | |
| Form D | $79,916,131 | $1,502,778 | 4 | EDGAR |
Show all 12 SEC Form D filings
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 Briggs & Union Apartments (Mount Laurel, NJ)?
- Briggs & Union Apartments (Mount Laurel, NJ) is a Historical offering. The last Form D, filed Mar 27, 2026, reports the offering fully sold.
- What exactly does an investor own here?
- A beneficial interest in BREX Briggs MF DST, a Delaware Statutory Trust that holds Briggs & Union in Mount Laurel, New Jersey. Under IRS Revenue Ruling 2004-86, a properly structured DST interest is treated as direct ownership of real property for 1031 exchange purposes, which is why exchangers use this structure. The trustee, not the investors, controls day-to-day decisions about the property.
- Is there debt on the property?
- The public filings do not say. The Form D classifies the offered securities as equity and does not establish property-level loan terms, and no lender, loan balance, or loan-to-value figure appeared in the sponsor or press sources reviewed as of September 15, 2026. The offering documents and closing documents are the place where any mortgage, its rate, and its maturity would be disclosed.
- Is there a 721/UPREIT exit?
- Top1031's record of this Trust does not flag a REIT conversion feature. A 721 or UPREIT exit is when DST interests are contributed to a REIT's operating partnership in exchange for OP units, which defers tax again but ends the ability to do another 1031 exchange on that property. Because the sponsor is affiliated with Brookfield Real Estate Income Trust, an investor would confirm in the offering documents whether any such option exists.
- How was this offering sold?
- Privately, under Rule 506(b) of Regulation D — meaning no public advertising or general solicitation, with interests placed through existing relationships with accredited investors. The Form D also reported sales commissions payable to selling broker-dealers, which is typical of DST offerings distributed through wealth-management channels.
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.