Top1031

CF Summerfield Multifamily DST

Multifamily property in Landover, MD · sponsored by Cantor Fitzgerald

Historical · convertedConverted into REIT units (721 exchange) Dec 2024 · last Form D Oct 28, 2021cfincometrust.com (opens in a new tab)

CF Summerfield Multifamily DST was a DST sponsored by Cantor Fitzgerald that owned a multifamily property in Landover, MD. Converted into REIT units (721 exchange) Dec 2024.

How it ended

Moved into a REIT, value not stated

Converted into REIT units (721 exchange) Dec 2024.

Date
Dec 1, 2024
Held
3.7 years

Source: cited report (opens in a new tab)

Cantor Fitzgerald has 5 active offerings on record →

Key facts

Minimum investment
$250,000
From the Form D
Offering size
$38,100,000
Equity offered, per the Form D
Sold
98.9%
Form D, Oct 28, 2021; the % is our arithmetic
Investors reported
99
Form D, Oct 28, 2021
Selling commissions
$1,095,000 · 2.8% of offering
Form D Item 15; the % is our arithmetic
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: CF Summerfield Multifamily DST. Top1031 is not a broker-dealer.

What did CF Summerfield Multifamily DST own?

Summerfield at Morgan Metro is a 478-apartment community at 8100 Gibbs Way in Landover, Maryland. 1 The property was built in two phases, in 2008 and 2012. 1 The Trust acquired it on March 26, 2021 for a reported contract price of $115,500,000, excluding closing costs. 2 Cantor Fitzgerald Income Trust's June 30, 2026 quarterly report listed the Landover property at 452,876 square feet. 3

Reported location
Landover, MD

How was it financed, and what did it cost to sell?

The Trust borrowed against the property: a $76,575,000 loan from Arbor Private Label, LLC funded part of the purchase. 2 Cantor Fitzgerald Income Trust's June 30, 2026 report shows the same balance outstanding, interest-only with monthly payments, maturing April 1, 2031. 3

Debt

Financing
Leveraged. This offering reports mortgage debt on the property.
Converted to a REIT (721)
Yes: converted into REIT units Dec 2024
Source: cited report

Costs and terms from the Form D

Selling commissions
$1,095,000 · 2.8% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$5,518,814 · 14.4% of offering
Form D Item 16
· The filing’s note: “Estimate of certain fees, including Managing Broker-Dealer Fee, Marketing& Due Diligence Allowance, offering & organizational expenses and reimbursement of acquisition and financing costs that may accrue to one or more related persons.”
Broker-dealers named in the Form D
19 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Not in the Form D
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.

What does the SEC record show?

The Offering was made under Rule 506(b), meaning it could be sold privately to accredited investors, those meeting SEC income or net worth tests, without public advertising. A Form D, the brief SEC notice of a private offering, opened it, and an amendment later updated the issuer's report to the SEC.

Legal Trust name
CF SUMMERFIELD MULTIFAMILY DST
SEC CIK
1863519
First Form D
May 21, 2021
Latest Form D
Oct 28, 2021
Filings on record
2
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D/A$38,100,000
$37,693,929+$37,693,929
99
EDGAR
Form D$38,100,000
$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 CF Summerfield Multifamily DST?
CF Summerfield Multifamily DST is a Historical offering. Converted into REIT units (721 exchange) Dec 2024.
Did CF Summerfield Multifamily DST convert into REIT units through a 721 exchange?
Converted into REIT units (721 exchange) Dec 2024. 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 does CF Summerfield Multifamily DST own?
It owns Summerfield at Morgan Metro, a 478-apartment community at 8100 Gibbs Way in Landover, Maryland, according to Cantor Fitzgerald Income Trust's property profile. The community was built in two phases, in 2008 and 2012. Cantor Fitzgerald Income Trust's quarterly report for June 30, 2026 listed the Landover property at 452,876 square feet.
When was the property bought, and for how much?
The Trust acquired the property on March 26, 2021 for a reported contract purchase price of $115,500,000, excluding closing costs, as described in a Cantor Fitzgerald Income Trust Form 8-K filed with the SEC.
Is there a mortgage on the property?
Yes. The purchase was financed in part with a $76,575,000 loan from Arbor Private Label, LLC. Cantor Fitzgerald Income Trust's Form 10-Q for June 30, 2026 reports the same amount outstanding, with monthly interest payments and a maturity of April 1, 2031.
Who pays the rent at the property?
Residents of the 478 apartments pay the rent, and the Trust receives it through a master lease. At the 2021 acquisition, the master tenant was a joint venture owned 90% by a subsidiary of Cantor Fitzgerald Income Trust's operating partnership and 10% by affiliates of Hamilton Zanze.
Who sponsors this Trust?
Cantor Fitzgerald sponsors it, through Cantor Fitzgerald Investors, LLC and affiliated entities. Cantor Fitzgerald Income Trust, an affiliated REIT, indirectly acquired 25% of the Trust's beneficial interests on March 26, 2021, with sponsor affiliates holding the remaining 75% as option interests at that time.
Who owns the Trust interests now?
Cantor Fitzgerald Income Trust reported a 100% controlling interest in CF Summerfield Multifamily DST in its investment list as of March 31, 2026, and its June 30, 2026 portfolio table again showed a 100% ownership percentage for the Landover property.

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.