Legacy at Fox Valley
Multifamily property in Aurora, IL — sponsored by Cantor Fitzgerald
Files with the SEC as CF Legacy at Fox Valley Multifamily DST
Minimum investment
$250k
Offering size
$57.2M
How much has sold
100.0%
Asset type
Multifamily property
Location
Aurora, IL
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Legacy at Fox Valley is a multifamily Delaware statutory trust (DST) — a structure that lets 1031 exchange investors hold fractional interests in real estate — sponsored by Cantor Fitzgerald. It was offered under Rule 506(b), the private-placement exemption that bars general advertising, to accredited investors. The Trust is now Historical: closed to new investors, with its final Form D amendment filed in May 2024.
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These links support the historical public record; 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?
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 did it end?
Sold
Listed as a completed/full-cycle program on Cantor Fitzgerald's published track record.
The exact property page identifies Legacy at Fox Valley Apartments at the Aurora address; the May 2022 trade report describes a 272-home private-entry luxury apartment community sold by White Oak Partners to BH Management Services, while the investor-alert article identifies the Cantor-sponsored DST and its approximately $57.2 million target.
272 homesSupporting evidence
Who's behind it?
Cantor Fitzgerald Investors, LLC is the sponsor of record; the SEC filing also names CF Legacy at Fox Valley Depositor, LLC as depositor and CF Legacy at Fox Valley Manager, LLC as manager.3 Cantor Fitzgerald is a global financial services firm whose asset management arm runs a multi-offering 1031 exchange program. On April 22, 2025, The White Law Group published an investor alert discussing this Trust's fees and risks and soliciting potential FINRA claims.
- Sponsor
- Cantor Fitzgerald
- Legal Trust name
- CF Legacy at Fox Valley 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 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
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 3
- 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
What happened to Legacy at Fox Valley?
Top1031 lists Legacy at Fox Valley as historical. It is no longer raising money.
Where does Top1031 get the data for Legacy at Fox Valley?
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.
Can I still invest in Legacy at Fox Valley?
No. This Trust is Historical, meaning its offering is closed to new investors. The last Form D amendment on record was filed in May 2024. Historical DSTs sometimes trade in private secondary transactions, but those are between existing holders and are not part of the sponsor's offering.
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 private placement memorandum (PPM), the offering's full disclosure document.
What does Rule 506(b) mean for me as an investor?
Rule 506(b) is the private-placement exemption that lets an issuer raise capital without registering with the SEC, provided it does not generally advertise or solicit. In practice, that means the offering was introduced through pre-existing relationships with broker-dealers and registered representatives, and participation was limited to accredited investors — individuals meeting SEC income or net-worth thresholds.
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 PPM 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.
Chapter 7CF Legacy at Fox Valley Multifamily DST: Investor ComplaintsThe White Law Group discussed the Cantor-sponsored DST, its approximately $57.2 million Reg D target, fees, risks and potential FINRA claims. CBRE arranges sale of 272-home multifamily community in AuroraREJournals reported the May 16, 2022 sale of Legacy at Fox Valley from White Oak Partners to BH Management Services and said no sale price was disclosed.