The Residences at Westshore Marina
Multifamily (Class A, 6 residential buildings, Westshore Marina District) property in Tampa, FL — sponsored by Cantor Fitzgerald
Files with the SEC as CF Westshore Multifamily DST
Minimum investment
$100k
Offering size
$64.0M
How much has sold
None sold yet
Asset type
Multifamily (Class A, 6 residential buildings, Westshore Marina District) property
Location
Tampa, FL
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
The Residences at Westshore Marina is a Delaware statutory trust — a passive co-ownership vehicle whose interests count as 1031 replacement property — holding a 351-unit, 2019-vintage Class A apartment community in Tampa's Westshore Marina District.1 An affiliate of Cantor Fitzgerald bought the property for $100.4 million in early October 2025.3 The Trust raises equity from accredited investors and carries mortgage debt on the building.
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.
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 built in 2019 as Class A rental housing in Tampa's Westshore Marina District.1 Sponsor material describes 12.07 acres with 570 parking spaces and a mix of 128 one-bedroom, 182 two-bedroom, and 41 three-bedroom apartments averaging 1,109 square feet.2 An affiliate of Cantor Fitzgerald bought the property for $100.4 million in early October 2025, though the reporting does not name the Trust itself as the buyer.3
- 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.2
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 a lender's claim on the property and rent pays debt service before anything reaches investors. Sponsor material describes a fixed-rate first mortgage that is interest-only for its seven-year term.1 Trade press reported the acquisition loan came through Freddie Mac, originated by Newmark.
- 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 affiliate acquired this community in early October 2025, days before the Trust's Form D reached the SEC.4 Sponsor material names RPM Living as the operator of the property.2
- Sponsor
- Cantor Fitzgerald
- Legal Trust name
- CF Westshore 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's single notice was filed as a new offering rather than an amendment, and no later filing or amendment appears on the SEC record for this entity.5 It is offered under Rule 506(b), a private-placement exemption that 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.
- Filings on record
- 1
- 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
Is The Residences at Westshore Marina still raising money?
Top1031 lists The Residences at Westshore Marina as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
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 public record is mixed. The Form D was filed with the SEC on October 14, 2025 and reported that the first sale had not yet occurred; no later filing or amendment appears on the SEC record. Baker 1031's page for the offering, dated August 5, 2026, shows no remaining equity available. Top1031 classifies the Trust 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?
Multi-Housing News reported on October 9, 2025 that Cantor Fitzgerald paid $100.4 million for The Residences at Westshore Marina, and the Tampa Bay Business Journal reported on October 14, 2025 that the sale closed in early October 2025 at that price to an entity linked to Cantor Fitzgerald. Neither report identifies the Trust itself as the legal buyer. A DST's own stated acquisition figure typically differs from the real estate price because it also carries offering costs, reserves and load — read the PPM's estimated use of proceeds for that breakdown.
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-like 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.
Can I convert into REIT shares later through a 721 exchange?
Nothing in the filing record indicates a 721/UPREIT path, in which a DST's property is contributed to a REIT's operating partnership in exchange for units. Top1031's record for this Trust shows no such conversion feature. If that exit route matters to you, confirm it in the PPM and trust agreement rather than assuming it exists.
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.
Who manages the apartments day to day?
Sponsor material collected by Baker 1031 identifies RPM Living as the operator of The Residences at Westshore Marina 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, maintenance and staffing fees come out of property cash flow before anything reaches investors; the PPM should disclose those fees and how the management agreement can be terminated.
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.