The Residences at Westshore Marina
Multifamily (Class A, 6 residential buildings, Westshore Marina District) property in Tampa, FL — sponsored by Cantor Fitzgerald
LTV ~55%, min $100k, 4.25% current distribution (Baker1031); bought ~$100.4M; JV w/ RPM Living
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These links support the public record as a whole; individual details may come from different sources.
What is this, in one paragraph?
The Residences at Westshore Marina is a Delaware statutory trust (DST) — a passive co-ownership structure whose interests count as 1031 replacement property — holding a 351-unit Class A apartment community completed in 2019 in Tampa's Westshore Marina District.1 A Cantor Fitzgerald affiliate bought the property for $100.4 million in October 2025.2 The Trust raises equity from accredited investors and carries a first mortgage on the building.
Minimum investment
$100k
Offering size
$64.0M
How much has sold
None sold yet
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited 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 community was completed in 2019 as Class A rental housing in Tampa's Westshore Marina District.1 Multi-Housing News reported that it traded for $100 million in February 2020, when Bainbridge Cos. sold it to Starlight Investments.2 The same outlet reported on October 9, 2025 that Cantor Fitzgerald paid $100.4 million for it, though that reporting does not identify the Trust itself as the legal buyer.2
- Property address
- 5350 Bridge St., Tampa, FL
- Property size
- 351 units
Who is the tenant, and what's the lease?
There is no single credit tenant here: income comes from hundreds of apartment leases that turn over on roughly annual cycles. Sponsor material reports the property is net-leased to an affiliated master tenant — a standard DST arrangement that keeps the trustee out of day-to-day operations — with RPM Living running the community.1
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
Raise history appears here once sales are filed — free account required.
How is it financed, and what does it pay?
The Trust borrows against the building, so investor equity sits behind the lender's claim and rent pays debt service before anything reaches investors. Sponsor material describes a fixed-rate, interest-only first mortgage placed through Freddie Mac by Berkeley Point Capital LLC, doing business as Newmark.1
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Who's behind it?
Cantor Fitzgerald Investors, LLC is the sponsoring entity of record — the real estate arm of the Cantor Fitzgerald financial services group, which has brought a series of 1031 DST programs to market. A Cantor Fitzgerald affiliate acquired this Tampa community in October 2025, days before the Trust's Form D reached the SEC.2 Sponsor material names RPM Living, described as the joint venture partner, as the property's operator and, as of August 5, 2026, listed the offering as closed.1
- Sponsor
- Cantor Fitzgerald
- 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's notice was filed as a new offering rather than an amendment, and nothing later — no amendment, no closing notice — has appeared on the SEC record for this entity.3 The private-placement exemption it relies on bars general advertising and limits sales to accredited investors: people who meet the SEC's income or net-worth tests.
- Form D filedFirst and latest filing on record.
- Legal Trust name
- CF Westshore Multifamily DST
- Filings on record
- 1
- How it may be offered
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- 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
Is The Residences at Westshore Marina still raising money?
The sponsor’s SEC filings show the offering raising money within the past 15 months. A filing does not by itself confirm you can still buy in.
Where does Top1031 get the data for The Residences at Westshore Marina?
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.
Is this Trust still open to new investors?
The record is mixed. The only SEC filing is a Form D dated October 14, 2025, and no amendment or later notice has been filed since. A Baker 1031 property page last updated August 5, 2026 lists the offering status as closed, while a separate Baker 1031 offering page shows availability as 'Pending Approval.' Top1031 classifies Trusts from the filing record, which has not been updated. Confirm current availability with the sponsor or your own representative before building an exchange around it.
What was paid for the apartments?
Two different figures circulate, and they measure different things. Multi-Housing News reported on October 9, 2025 that Cantor Fitzgerald paid $100.4 million, and Commercial Real Estate Direct reported on October 15, 2025 that an affiliate of Cantor Fitzgerald was the buyer at that price; neither names the Trust as the legal buyer. Sponsor material collected by Baker 1031 reports a Trust acquisition price of $125,550,000 and total capitalization of $142,736,000, including $78,736,000 of debt. Those sources are not reconciled anywhere Top1031 could find; the PPM — the private placement memorandum that governs the offering — is where its estimated use of proceeds would explain the gap.
Who manages the apartments day to day?
Sponsor material collected by Baker 1031 identifies RPM Living as the operator and joint venture partner, and describes the property as net-leased to an affiliated master tenant capitalized with $1,250,000, including a $750,000 demand note. That same material reports the community was 93.7% occupied at a $2,602 average rent on the September 15, 2025 rent roll. In an apartment DST, leasing, staffing and maintenance costs come out of property cash flow before anything reaches investors; the PPM discloses those fees and how the management agreement can be terminated.
Is there a renovation plan for the units?
Sponsor material collected by Baker 1031, last updated August 5, 2026, describes a light value-add program: wood-inspired vinyl flooring in roughly 158 of the units, plus exterior, amenity and landscaping work. That is an underwritten plan, not completed work, and the money for it has to come from reserves or cash flow. The PPM sets out the budgeted amounts and who decides whether the work happens.
What does it mean that this is a DST rather than direct ownership?
A Delaware statutory trust holds title to the real estate and issues beneficial interests to investors, and the IRS treats those interests as like-kind replacement property for a 1031 exchange. Investors have no management role: the trustee and sponsor control the asset, the financing and the timing of any sale. There is no public market for the interests, so exiting before the sponsor sells is difficult.
What is the minimum investment?
The Form D filed October 14, 2025 states a $100,000 minimum for this Rule 506(b) offering — a private placement that cannot be generally advertised and is sold only to accredited investors. Sponsors often set different minimums for cash investors versus 1031 exchange investors, and selling firms can impose higher thresholds, so verify the figure that applies to you in the subscription documents.
Chapter 9351-Unit Apartment Complex in Tampa, Fla., Gets New OwnerReports that an affiliate of Cantor Fitzgerald acquired the Residences at Westshore Marina, a 351-unit apartment complex in Tampa's Westshore Marina District for $100.4 million (relayed from the Tampa Bay Business Journal). Apartments in Westshore Marina District sell for over $100 millionLocal business journal reporting on the nine-figure sale of the Residences at Westshore Marina luxury apartment complex in Tampa's Westshore Marina District to Cantor Fitzgerald. Exclusive: Cantor Pays $100M for Tampa AssetReports Cantor Fitzgerald paid $100.4 million for The Residences at Westshore Marina, a 351-unit multifamily community in Tampa, FL, financed with a $78.7 million Freddie Mac loan originated by Newmark.