Top1031

Legacy at Fox Valley

Multifamily property in Aurora, IL · sponsored by Cantor Fitzgerald

HistoricalLast Form D, filed May 15, 2024, reports the offering fully sold (opens in a new tab)

Legacy at Fox Valley was a DST sponsored by Cantor Fitzgerald that owned a multifamily property in Aurora, IL (272 homes). Its last Form D, filed May 15, 2024, reports the offering fully sold.

How it ended

No outcome recorded · under 7 years

The last Form D, filed May 15, 2024, reports the offering fully sold.

Cantor Fitzgerald has 5 active offerings on record →

Key facts

Minimum investment
$250,000
From the Form D
Offering size
$57,225,000
Equity offered, per the Form D
Sold
100%
Form D, May 15, 2024; the % is our arithmetic
Investors reported
127
Form D, May 15, 2024
Selling commissions
$2,861,250 · 5.0% of offering
Form D Item 15; the % is our arithmetic
Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
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: Legacy at Fox Valley. Top1031 is not a broker-dealer.

What did Legacy at Fox Valley own?

The Trust's public filings do not name a property or an address. A same-named community in Aurora, Illinois was sold by White Oak Partners to BH Management Services in a CBRE-arranged transaction that closed May 16, 2022, at an undisclosed price. 1 BH's leasing site lists Legacy at Fox Valley Apartments at 3750 E New York St in Aurora. 2 No retrieved source expressly ties that asset to this Trust.

Reported location
Aurora, IL
Property size
272 homes

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

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
$2,861,250 · 5.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$3,861,923 · 6.7% of offering
Form 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 and Acquisition Fee, which may accrue to one or more related persons.”
Broker-dealers named in the Form D
34 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Jun 10, 2022
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 Trust filed an initial Form D — the short notice an issuer files for an exempt private placement — in 2022, followed by two amendments updating reported sales progress. The SEC index dates the final amendment May 15, 2024, while the primary document itself states May 14. 4

Legal Trust name
CF Legacy at Fox Valley Multifamily DST
SEC CIK
1931753
First Form D
Jun 6, 2022
Latest Form D
May 15, 2024
Filings on record
3
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$57,225,000
$57,225,000+$13,618,352
127+34
EDGAR
Form D/A$57,225,000
$43,606,648+$43,606,648
93
EDGAR
Form D$57,225,000
$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 Legacy at Fox Valley?
Legacy at Fox Valley is a Historical offering. The last Form D, filed May 15, 2024, reports the offering fully sold.
What property does this Trust actually own?
The SEC record for this Trust does not name a property or address. REJournals reported in May 2022 that a same-named community, Legacy at Fox Valley in Aurora, Illinois, changed hands from White Oak Partners to BH Management Services, and BH's leasing site lists a property by that name in Aurora. No retrieved source expressly identifies that asset as the Trust's property, so treat the connection as unconfirmed and verify it in the offering documents.
Is this Trust leveraged, and who is the lender?
The public record reviewed here does not disclose whether the Trust carries mortgage debt, the loan terms, or a lender name. Form D filings do not require that disclosure. Debt structure, loan maturity and any lender-imposed reserve requirements would be set out in the offering documents and the trust agreement.
Does this Trust have a 721/UPREIT exit?
The record on file indicates no conversion to a REIT. A 721 or UPREIT exit is a structure in which DST interests are contributed to a real estate investment trust's operating partnership in exchange for partnership units, deferring tax again; where that path is not built into the offering, an eventual sale of the property is the ordinary exit.
Why is a law firm publishing about this Trust?
The White Law Group, a securities litigation firm, published a page on April 22, 2025 discussing the offering's fees and risks and inviting potential FINRA arbitration claims from investors. Such pages are law firm marketing and are not findings of wrongdoing by any party; no regulatory action against the Trust appears in the record reviewed here.

In the news

Sources

Show sources (7)Hide sources (7)

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.