2116 Chestnut
Multifamily property in Philadelphia, Pennsylvania · sponsored by Cantor Fitzgerald
2116 Chestnut was a DST sponsored by Cantor Fitzgerald that owned a multifamily property in Philadelphia, Pennsylvania (321 units). Its last Form D, filed Feb 13, 2026, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Feb 13, 2026, reports the offering fully sold.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $82,320,000Equity offered, per the Form D
- Sold
- 100%Form D, Feb 13, 2026; the % is our arithmetic
- Investors reported
- Form D, Feb 13, 2026201
- Selling commissions
- Form D Item 15; the % is our arithmetic$4,116,000 · 5.0% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.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 →
Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.
Ask a 1031 specialist about this recordFree. About: 2116 Chestnut. Top1031 is not a broker-dealer.2116 Chestnut · Philadelphia, Pennsylvania · Photo: harborgroupmanagement.com
What did 2116 Chestnut own?
The Trust's property is a luxury apartment high-rise in Center City Philadelphia, a few blocks from Rittenhouse Square. Voith & Mactavish Architects describes the building as a rental tower designed for young professionals. CBRE Investments sold it on June 2, 2025 for $138 million to the Trust, an entity affiliated with Cantor Fitzgerald and operating partner Harbor Group International. 1 Philadelphia Today reported the tower had averaged 94 percent occupancy since 2017. 1
- Property address
- 2116 Chestnut Street, Philadelphia, Pennsylvania
- Property size
- 321 units; 386,000 sf
How was it financed, and what did it cost to sell?
Neither the Form D filings nor the public reporting reviewed states whether the Trust placed a mortgage on the property, who any lender is, or what the loan terms are. Those items would be set out in the offering documents.
Debt
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $4,116,000 · 5.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $13,877,917 · 16.8% of offeringForm D Item 16· The filing’s note: “Estimate of certain fees & expenses including Managing Broker-Dealer Fee, Marketing & Due Diligence Allowance, Offering & Organizational Expenses, Loan & Lender Expenses, Acquisition Fee & Closing Costs, which may accrue to one or more related persons.”
- Broker-dealers named in the Form D
- 32 named in the Form D
Show the firms
- Alexander Capital, L.P. · CRD 40077
- Arkadios Capital · CRD 282710
- Aurora Securities · CRD 46147
- Avantax Investment Services, Inc. · CRD 13686
- Cabin Securities, Inc. · CRD 137608
- Cambridge Investment Research, Inc. · CRD 39543
- Cantor Fitzgerald & Co. · CRD 134
- Capulent LLC · CRD 155155
- Centaurus Financial, Inc. · CRD 30833
- Cetera Advisors LLC · CRD 10299
- Cetera Wealth Services, LLC · CRD 13572
- Concorde Investment Services, LLC · CRD 151604
- Courtlandt Securities Corporation · CRD 137356
- DAI Securities, LLC · CRD 36673
- DFPG Investments, LLC · CRD 155576
- Emerson Equity LLC · CRD 130032
- FNEX Capital, LLC · CRD 166316
- Great Point Capital LLC · CRD 114203
- IBN Financial Services, Inc. · CRD 42360
- Independent Financial Group, LLC · CRD 7717
- LPL Financial LLC · CRD 6413
- Lodas Securities, LLC · CRD 313056
- McDermott Investment Services, LLC · CRD 154926
- Metropolitan Capital Investment Banc, Inc. · CRD 148820
- Network 1 Financial Securities Inc. · CRD 13577
- Osaic Wealth, Inc. · CRD 23131
- Purshe Kaplan Sterling Investments · CRD 35747
- RCX Capital Group, LLC · CRD 114290
- RM Securities, LLC · CRD 323671
- Realized Financial, Inc. · CRD 22333
- Stax Capital · CRD 300607
- Stonecrest Capital Markets, Inc. · CRD 39616
Individual representatives named in Item 12 are not listed.
- Date of first sale
- May 22, 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 2116 Chestnut?
Cantor Fitzgerald runs its 1031 exchange and Delaware statutory trust program through Cantor Asset Management, and the SEC filing names Cantor Fitzgerald Investors, LLC as this Trust's sponsor. 3 For 2116 Chestnut it paired with Harbor Group International, a multifamily owner-operator, as operating partner on the June 2025 purchase. 1 Harbor Group Management is listed as the property's manager on its current leasing page. 2
- Sponsor
- Offerings on record
What does the SEC record show?
Cantor Fitzgerald filed the Trust's first Form D — the SEC's brief notice of an exempt private offering — then one amendment updating the sales figures; the filings report a first sale on May 22, 2025. 4 The offering used Rule 506(b), which bars general advertising and relies on pre-existing relationships with accredited investors.
- Legal Trust name
- CF Chestnut Street Multifamily DST
- SEC CIK
- 2067951
- First Form D
- May 14, 2025
- Latest Form D
- Feb 13, 2026
- Filings on record
- 2
- 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 | $82,320,000 | $82,320,000+$82,320,000 | 201 | EDGAR | |
| Form D | $82,320,000 | $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 2116 Chestnut?
- 2116 Chestnut is a Historical offering. The last Form D, filed Feb 13, 2026, reports the offering fully sold.
- What kind of building is it?
- A 34-story, 386,000-square-foot luxury apartment high-rise at 2116 Chestnut Street in Center City Philadelphia, containing 321 residential units plus ground-floor retail. Philadelphia Today reported the unit mix as 117 studios, 146 one-bedroom and 58 two-bedroom apartments, with average rents of roughly $3,000 per month at the time of the June 2025 sale.
- Who runs the property day to day?
- Harbor Group International is the operating partner on the acquisition, and Harbor Group Management is identified as the property manager on the building's current leasing page, which lists studio, one-bedroom and two-bedroom apartments. Cantor Fitzgerald Investors, LLC is the sponsor named in the SEC filing.
- Does the Trust carry a mortgage?
- The public record does not say. The Form D filings do not disclose property-level debt, and no lender, loan amount, or loan-to-value figure appears in the reporting reviewed. Anyone evaluating a secondary interest would need the offering documents and the Trust's loan documents to answer this.
- Is there a 721/UPREIT exit?
- Our record shows no 721 or UPREIT conversion feature for this Trust — that is, no disclosed option to exchange trust interests for operating-partnership units in a REIT at exit. The Trust's documented structure is direct fractional ownership of the Philadelphia property.
- What did the Trust pay for the building?
- $138 million, in a sale that closed on June 2, 2025, when CBRE Investments sold the 321-unit tower to the Cantor Fitzgerald and Harbor Group International affiliate. That works out to roughly $431,000 per unit.
In the news
Sources
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These links support the record as a whole; individual details may come from different sources.
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.