Keller Springs Crossing
Multifamily property in Carrollton, TX · sponsored by Cantor Fitzgerald
Keller Springs Crossing was a DST sponsored by Cantor Fitzgerald that owned a multifamily property in Carrollton, TX (304 units). Its last Form D was filed Aug 21, 2024.
How it ended
No outcome recorded · under 7 years
Last Form D filed Aug 21, 2024.
Key facts
- Minimum investment
- $250,000From the Form D
- Offering size
- $38,650,000Equity offered, per the Form D
- Sold
- Not reported after the first Form D (Aug 21, 2024)Form D, Aug 21, 2024
- Selling commissions
- Form D Item 15; the % is our arithmetic$1,932,500 · 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 →
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Ask a 1031 specialist about this recordFree. About: Keller Springs Crossing. Top1031 is not a broker-dealer.Keller Springs Crossing · Carrollton, TX · Photo: mma.prnewswire.com
What did Keller Springs Crossing own?
Keller Springs Crossing is a Class A garden-style apartment community at 3221 Keller Springs Road in Carrollton, Texas, in the Dallas market, built in 2015. 2 A joint venture of a Cantor Fitzgerald Income Trust subsidiary, Cantor affiliates and a CAF Management subsidiary acquired it on February 25, 2021 for $56,500,000. 2 The property was transferred into the Trust on July 24, 2024. 1
- Reported location
- Carrollton, TX
- Property size
- 304 units
How was it financed, and what did it cost to sell?
This is a leveraged Trust, not an all-cash one — the real estate carries mortgage debt that came with it. On July 24, 2024 the Keller DST entered a new $33,500,000 loan, repaid the loan that financed the 2021 purchase, and set maturity for August 1, 2031. 1
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
- $1,932,500 · 5.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $3,229,224 · 8.3% of offeringForm D Item 16· The filing’s note: “Estimate of certain fees and 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
- 1 named in the Form D
Show the firms
- Cantor Fitzgerald & Co. · CRD 134
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.
Who's behind Keller Springs Crossing?
The Trust is sponsored by Cantor Fitzgerald Investors, LLC, the real estate arm of the Cantor Fitzgerald financial-services group, whose non-traded REIT, Cantor Fitzgerald Income Trust, originally co-owned this property. 1 CF Keller TRS, LLC bought out joint-venture partner CAF's remaining interest on July 22, 2024, two days before the property moved into the Trust. 1 As of March 31, 2026, that REIT reported owning 5% of the Keller property, with third parties holding 95%, and consolidated the Trust in its financial statements. 1
- Sponsor
- Offerings on record
What does the SEC record show?
No amended Form D ever updated the original notice, though Cantor Fitzgerald Income Trust's Form 10-Q reported the Trust had received $38,010,977 in gross offering proceeds as of March 31, 2026. 1 The Rule 506(b) path means the Offering could not be publicly advertised and was limited to accredited investors — those meeting SEC income or net-worth tests.
- Legal Trust name
- CF Keller Multifamily DST
- SEC CIK
- 2031956
- First Form D
- Aug 21, 2024
- Latest Form D
- Aug 21, 2024
- Filings on record
- 1
- 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 | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D | $38,650,000 | $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 Keller Springs Crossing?
- Keller Springs Crossing is a Historical offering. Last Form D filed Aug 21, 2024.
- What exactly am I buying in CF Keller Multifamily DST?
- A beneficial interest in a Delaware statutory trust that owns Keller Springs Crossing, a 304-unit Class A garden-style apartment community built in 2015 at 3221 Keller Springs Road in Carrollton, Texas, in the Dallas market. The trust interest is treated as replacement property for a 1031 exchange, and the trustee, not the investors, controls the asset. Cantor Fitzgerald Investors, LLC is named as sponsor in the Form D.
- Who is the tenant?
- There isn't one. This is an apartment community, so revenue comes from many residents on individual leases rather than a single corporate tenant on a long-term net lease. The Keller Springs Crossing property website identifies Harbor Group Management as the community's management company. Nothing in the reviewed public record describes a master lease or the lease structure between the Trust and an operating entity.
- Does the property carry debt?
- Yes. Per Cantor Fitzgerald Income Trust's Form 10-Q, the Keller DST entered into a new $33,500,000 loan on July 24, 2024, repaying the prior loan on the property, with a stated maturity of August 1, 2031. The earlier 2021 acquisition financing was a Fannie Mae interest-only loan reported in the sponsor's property profile. Leverage means proceeds don't have to cover the full purchase price, and it also means the debt has to be refinanced or repaid before or at maturity.
- Is there a 721/UPREIT exit?
- Nothing in the reviewed record discloses one. A 721 or UPREIT exit is where a DST's property is contributed to a REIT's operating partnership and investors receive partnership units instead of cash. Cantor Fitzgerald Income Trust reported owning 5% of the Keller property and consolidating the Trust as of March 31, 2026, but that filing describes no completed conversion, sale, or foreclosure involving the property.
- What was the minimum investment?
- The Form D filed August 21, 2024 reported a minimum outside-investor investment of $250,000. DST minimums are set by the sponsor and can differ for exchange versus cash investors, so the governing figure is whatever the offering documents state at the time you subscribe.
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.