Top1031
CF Pearland Multifamily DST
in Pearland, TX · sponsored by Cantor Fitzgerald
Historical · convertedConverted into REIT units (721 exchange) Feb 2026 · last Form D Oct 30, 2023baker1031.com (opens in a new tab)
CF Pearland Multifamily DST, sponsored by Cantor Fitzgerald, filed its first Form D with the SEC on Aug 9, 2023 for a $22 million offering. Converted into REIT units (721 exchange) Feb 2026.
How it ended
Moved into a REIT, value not stated
Converted into REIT units (721 exchange) Feb 2026.
- Date
- Feb 1, 2026
- Held
- 2.5 years
Key facts
- Minimum investment
- $250,000From the Form D
- Offering size
- $22,025,000Equity offered, per the Form D
- Sold
- 100%Form D, Oct 30, 2023; the % is our arithmetic
- Investors reported
- Form D, Oct 30, 202348
- Selling commissions
- Form D Item 15; the % is our arithmetic$1,101,250 · 5.0% 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 →
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: CF Pearland Multifamily DST. Top1031 is not a broker-dealer.What did CF Pearland Multifamily DST own?
The Residences at Pearland Town Center is a Class A apartment property in Pearland, Texas, built in two phases in 2008 and 2011 and renovated in 2022; its units average 939 square feet. 1 The Trust held the fee-simple interest, which the sponsor's March 19, 2026 investor deck reports was purchased for $40.3 million. 1 The property loan was entered into in connection with the purchase on June 30, 2023. 2
- Reported location
- Pearland, TX
How was it financed, and what did it cost to sell?
The Trust was leveraged: a fixed-rate mortgage from Insurance Strategy Funding Corp., LLC, put in place with the 2023 purchase, meaning investor equity sat behind debt secured by the building. 2 The parent's Form 10-Q reported $22,500,000 of principal outstanding as of June 30, 2026. 2
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
- Converted to a REIT (721)
- Yes: converted into REIT units Feb 2026
Costs and terms from the Form D
- Selling commissions
- $1,101,250 · 5.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $2,128,403 · 9.6% of offeringForm D Item 16· The filing’s note: “Estimate of certain fees & expenses including Managing Broker-Dealer Fee, Marketing and Due Diligence Allowance, Offering & Organizational Expenses, Loan and Lender Expenses and Structuring Fee, which may accrue to one or more related persons.”
- Broker-dealers named in the Form D
- 16 named in the Form D
Show the firms
- Aurora Securities · CRD 46147
- Cabot Lodge Securities LLC · CRD 159712
- Cantor Fitzgerald & Co. · CRD 134
- Centaurus Financial, Inc. · CRD 30833
- Concorde Investment Services, LLC · CRD 151604
- DAI Securities, LLC · CRD 36673
- DMK Advisor Group, Inc. · CRD 41067
- Emerson Equity LLC · CRD 130032
- FNEX Capital, LLC · CRD 166316
- Great Point Capital LLC · CRD 114203
- Lightpath Capital, Inc. · CRD 34617
- McDermott Investment Services, LLC · CRD 154926
- Nationwide Planning Associates Inc. · CRD 31029
- Realized Financial, Inc. · CRD 22333
- Wealthforge Securities, LLC · CRD 152550
- World Equity Group, Inc. · CRD 29087
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jul 24, 2023
- Minimum investment
- $250,000
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 CF Pearland Multifamily DST?
Cantor Fitzgerald is a long-established global financial services firm whose asset management arm sponsors 1031 exchange programs alongside a non-traded REIT, Cantor Fitzgerald Income Trust. That REIT's operating partnership originally held beneficial interests representing 5% of this Trust. 1 On February 1, 2026 it exercised a fair-market-value option to acquire the remaining 95%, reporting the issuance of 917,018 operating partnership units plus roughly $1.7 million in cash, and reported full ownership of the Trust as of June 30, 2026. 2
- Sponsor
- Offerings on record
What does the SEC record show?
The filing record is short: an initial Form D — the brief notice an exempt private offering gives the SEC — followed by a single amendment updating the sales and investor totals. Form D carries no property or lease detail, which is why the deal's specifics come from the sponsor's materials and its parent REIT's periodic reports.
- Legal Trust name
- CF Pearland Multifamily DST
- SEC CIK
- 1989411
- First Form D
- Aug 9, 2023
- Latest Form D
- Oct 30, 2023
- 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 | $22,025,000 | $22,025,000+$13,137,402 | 48+30 | EDGAR | |
| Form D | $22,025,000 | $8,887,598 | 18 | 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 CF Pearland Multifamily DST?
- CF Pearland Multifamily DST is a Historical offering. Converted into REIT units (721 exchange) Feb 2026.
- Did CF Pearland Multifamily DST convert into REIT units through a 721 exchange?
- Converted into REIT units (721 exchange) Feb 2026. 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
- What property did the Trust own?
- The Residences at Pearland Town Center, a 234-unit Class A apartment property in Pearland, Texas, with units averaging 939 square feet, built in 2008 and 2011 and renovated in 2022. The sponsor's March 19, 2026 deck reports a $40.3 million purchase price for the property. The exact street address does not appear in the Trust's own records; only a third-party apartment listing suggests one, so Top1031 does not treat it as established.
- Was the Trust leveraged, and who was the lender?
- Yes. The property carried a fixed-rate loan from Insurance Strategy Funding Corp., LLC, entered into with the June 30, 2023 purchase, with $22,500,000 of principal outstanding as of June 30, 2026 per the parent REIT's Form 10-Q. Leverage means the lender is repaid from property cash flow and sale proceeds before equity holders.
- Who sponsored this Trust?
- Cantor Fitzgerald Investors, LLC is named as sponsor in the Trust's Form D/A, part of the broader Cantor Fitzgerald financial services organization. The Trust was organized in Delaware in 2023 and offered equity interests to accredited investors — individuals meeting SEC income or net-worth tests — with a first sale reported on July 24, 2023.
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.