Biscayne Shores
Multifamily (Class A waterfront; 16-story tower + townhomes) property in Miami (North Miami), FL — sponsored by Cantor Fitzgerald
Files with the SEC as CF Biscayne Multifamily DST
Minimum investment
$250k
Offering size
$112.7M
How much has sold
None sold yet
Asset type
Multifamily (Class A waterfront; 16-story tower + townhomes) property
Location
Miami (North Miami), FL
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Biscayne Shores is a Class A waterfront apartment and townhome community in North Miami, Florida, completed in 2024.3 It is held by CF Biscayne Multifamily DST, a Delaware statutory trust — the structure that lets 1031 exchange investors own real estate fractionally and passively.1 Affiliates of Cantor Fitzgerald Asset Management and apartment operator RPM Living bought it from Integra Investments through a joint venture announced May 11, 2026.3
Acq 5/6/26 $206M agg (CFAM/RPM Living JV, from Integra); ~$123M mortgage (CFIT guarantor); built 2024
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These links support the public record as a whole; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
Integra Investments developed the community on roughly eight acres of Biscayne Bay frontage with Andrew Korge of Korgeous Group and David Larson of DCL Capital, completing it in 2024.3 Sponsor offering material describes a 15-story, 288-residence tower alongside 92 three-story townhome villas, with 737 parking spaces of which 502 are in garages.2 Integra held the finished community until the Cantor Fitzgerald–RPM Living joint venture bought it in May 2026.3
- Property address
- 11295 Biscayne Blvd, Miami (North Miami), FL
- Property size
- 380 units
Who is the tenant, and what's the lease?
There is no single corporate tenant here: revenue comes from hundreds of resident leases turning over on roughly annual cycles. The property's own contact page names TRG Management Company, LLLP as manager under an agreement with owner Biscayne Shores Ventures LLLP.6 That page is undated, and no record reviewed establishes who manages the property after the May 2026 sale.
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
Raise history appears here once sales are filed — free account required.
How is it financed, and what does it pay?
Leveraged means a mortgage sits ahead of investor equity: the lender is repaid first, and the debt must be refinanced or retired at maturity. Walker & Dunlop provided the acquisition mortgage.4 Pipeline data records Cantor Fitzgerald Income Trust, the firm's non-traded REIT, as guarantor of that loan.
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Who's behind it?
Cantor Fitzgerald is a New York financial services firm whose asset-management arm sponsors Delaware statutory trust programs for 1031 exchange investors. The Form D names Cantor Fitzgerald Investors, LLC as sponsor, CF Biscayne Depositor, LLC as depositor, and CF Biscayne Manager, LLC as administrative trustee of the Trust.1 Its partner on the purchase, apartment operator RPM Living, announced the joint venture alongside the firm on May 11, 2026.3
- Sponsor
- Cantor Fitzgerald
- Legal Trust name
- CF Biscayne Multifamily DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 5 active / 22 total offerings from Cantor Fitzgerald
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The Trust's SEC record begins and ends with its initial Form D — the brief notice an issuer files to claim a private-placement exemption from registration — with no amendment filed as of September 4, 2026. That exemption bars general advertising, so interests reach only accredited investors: people who meet SEC income or net-worth tests.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- Source filing
- Read the filings on SEC EDGAR
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.
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 Private Placement Memorandum before investing.
Common questions
Is Biscayne Shores still raising money?
Top1031 lists Biscayne Shores as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for Biscayne Shores?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
What exactly does an investor own here?
A beneficial interest in CF Biscayne Multifamily DST, a Delaware statutory trust that holds the Biscayne Shores apartment and townhome community at 11295 Biscayne Blvd in North Miami, Florida. The Trust holds title and carries the mortgage. The interest is passive, with no management rights, and is structured so it can serve as replacement property in a 1031 exchange.
Who runs the property day to day?
The official Biscayne Shores contact page states that owner Biscayne Shores Ventures LLLP has a management agreement with TRG Management Company, LLLP. That page carries no date, and no source reviewed confirms the management arrangement in place after the May 2026 change of ownership; RPM Living is identified in the acquisition materials as a joint-venture partner, not as the current manager. Because a Delaware statutory trust cannot actively operate a business, multifamily DSTs generally interpose a master tenant between the trust and operations — the master lease and property management agreement summarized in the PPM, the private placement memorandum that governs the offering, set out the actual arrangement.
Is the property leased up?
Sponsor offering material summarized by Baker 1031 reports an April 27, 2026 rent roll showing 92.4 percent occupancy, average monthly rent of $3,740, and recent lease trade-outs averaging 10.3 percent above the prior lease. Those are point-in-time property measurements taken before the offering period began, not Trust-level results, and apartment occupancy moves month to month.
Why do sources report different prices for the property?
Multi-Housing News reported, citing Yardi Matrix, that Integra Investments sold the 380-unit community for $151.4 million, or about $398,000 per unit. The South Florida Business Journal reported on May 14, 2026 that CF Biscayne Multifamily DST bought the property for approximately $151 million and that Walker & Dunlop provided a $123.3 million mortgage; its coverage also frames an aggregate transaction value of $206 million. Sponsor offering material summarized by Baker 1031 reports a total offering price of $235,956,000 including $123,306,000 of debt. The figures cover different components of the deal — asset price versus total capitalization including offering costs and reserves — and the PPM and closing documents control.
What is the minimum investment, and is there a 721/UPREIT exit?
The Form D filed May 19, 2026 reports a $250,000 minimum investment; minimums are set by the sponsor and can vary by selling agent. The records on file show no REIT conversion feature. A 721 or UPREIT exit is where a DST's property is contributed to a REIT in exchange for operating-partnership units, which ends 1031 eligibility on a later sale. Any stated exit strategy is set out in the PPM.
What does a Rule 506(b) offering mean for me?
Rule 506(b) is the private-placement exemption that lets an issuer raise capital without registering with the SEC, provided it does not advertise or solicit publicly. Practically, that means you have to be introduced to the offering through a broker-dealer or registered representative with whom you have a pre-existing relationship, and you must be an accredited investor — meeting SEC income or net-worth tests. It also means the offering documents are not public: the PPM is delivered only to prospective investors.
Chapter 9Apartment complex on Biscayne Bay sold for $151MNames the CF Biscayne Multifamily DST as the buyer, reports the $151M asset sale (with aggregate transaction value of $206M) and that Walker & Dunlop provided a $123.3M mortgage for the acquisition of the 380-unit Biscayne Shores from Integra Investments. Cantor Fitzgerald Joint Venture Acquires North Miami Multifamily PropertyAltsWire, the leading DST/alternative-investments trade publication, reports the Cantor Fitzgerald Asset Management and RPM Living JV acquisition of the Biscayne Shores waterfront community in the North Miami submarket. Cantor Fitzgerald Asset Management and RPM Living Acquire Biscayne Shores, a New Waterfront Multifamily Community in North MiamiOfficial press release announcing that affiliates of Cantor Fitzgerald Asset Management and RPM Living acquired Biscayne Shores, a new 380-unit waterfront multifamily community in North Miami, from Integra Investments.