Top1031

West End at City Center

Multifamily property in Lenexa, KS — sponsored by Cantor Fitzgerald

Files with the SEC as CF West End Multifamily DST

Minimum investment
$250k
Offering size
$47.0M
How much has sold
100.0%
Asset type
Multifamily property
Location
Lenexa, KS
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.

Sponsor-reported, from SEC filings and cited sources.

Chapter 1

What is this, in one paragraph?

West End at City Center is a Delaware statutory trust — fractional real estate ownership whose interests can be used in a 1031 exchange — sponsored by Cantor Fitzgerald and holding an apartment community in Lenexa, Kansas. It is closed to new investors; the last Form D amendment was filed February 7, 2023. In February 2026, Cantor's non-traded REIT acquired interests through a tender offer paid in operating-partnership units.6

Show sources (13)Hide sources (13)

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.

Chapter 2

What exactly is the property?

West End at City Center is a 2009-built apartment community in Lenexa, Kansas, with a fitness center, pool and business center.1 A joint venture of Cantor Fitzgerald and BH affiliates closed the purchase on August 9, 2022, and the sponsor reported the property 95.8% leased as of July 28, 2022.2 Cantor Fitzgerald Income Trust's Form 10-Q for the quarter ended June 30, 2026 lists a contract purchase price of $69,375,000.3

Reported location
Lenexa, KS
Property size
309 units; average unit size ~970 square feet
Chapter 3

Who is the tenant, and what's the lease?

There is no single corporate tenant here — the tenants are individual residents. Cantor Fitzgerald Income Trust's June 30, 2026 Form 10-Q describes multiple individual tenant leases with an average term of about one year, so income depends on continual re-leasing rather than one long-term contract.3

Chapter 4

How did it end?

What happened

Converted to REIT units (721 exchange) after 3.4 years

Listed as a completed/full-cycle program on Cantor Fitzgerald's published track record.

Cantor/BH acquired the 309-unit West End at City Center in August 2022; the property was 95.8% leased as of July 28, 2022 and built in 2009. Cantor rolled the CF West End Multifamily DST into its Income REIT on February 1, 2026 via a full-cycle 721/UPREIT exchange (approximately $74.9 million in OP units). No article explicitly said the DST offering was fully subscribed, sold out, or closed at original offering.

309 units; average unit size ~970 square feet
Supporting evidence
Chapter 5

How is it financed, and what does it pay?

The Trust is leveraged. The West End Loan was entered on August 9, 2022, the day the property was acquired, carries a fixed rate, and matures September 1, 2032, with $29,000,000 of principal reported outstanding.4 The lender is not identified in the records reviewed.

Chapter 7

What does the paperwork say?

The first Form D reported that no sale had yet occurred, and two later amendments updated the offering's progress.5 Interests were offered under Rule 506(b) — the private-placement rule that bars general advertising and confines sales to investors, generally accredited, with a pre-existing relationship to the sponsor.

  1. First Form D filedThe public offering record begins.
  2. Offering amount recordedA Form D amendment recorded offering and sales totals.
  3. 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.

Chapter 8

Common questions

What happened to West End at City Center?

Top1031 lists West End at City Center as historical. It is no longer raising money.

Where does Top1031 get the data for West End at City Center?

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 this Trust?

No. The Trust is closed to new investors, its last Form D amendment was filed February 7, 2023, and Cantor Fitzgerald Income Trust has since reported acquiring a controlling interest in the DST itself.

What happened on February 1, 2026?

Cantor Fitzgerald Income Trust's Prospectus Supplement No. 11 reports that its operating partnership issued $74,931,482 of equity for 3,728,218 OP units on that date in transactions that included tender offers for interests in CF West End Multifamily DST and several other Cantor DSTs. No amount was allocated to West End specifically. A 721/UPREIT exchange lets DST investors swap property interests for REIT operating-partnership units on a tax-deferred basis; those units cannot themselves be used in a future 1031 exchange.

Did the Trust go full cycle?

That is not fully settled in the public record. Top1031 reported a full-cycle 721 roll dated February 1, 2026, but Cantor Fitzgerald Income Trust's Form 10-Q for the quarter ended June 30, 2026 still reports the REIT holding a 66.94% controlling interest in the DST and consolidating it, with 33.06% held by other parties — meaning not all interests had been rolled as of that date.

Is there a mortgage on the property?

Yes. Cantor Fitzgerald Income Trust's Form 10-Q for the quarter ended March 31, 2026 describes the West End Loan, entered August 9, 2022, with $29,000,000 of outstanding principal, a fixed rate, monthly interest payments and a September 1, 2032 maturity. The lender is not named in the filings reviewed.

Who manages the apartments?

Cantor Fitzgerald's August 23, 2022 acquisition release states that BH managed West End at City Center at the time of purchase. Who manages the property today is not established in the records reviewed.

I found a law-firm page about a "West End Multifamily DST lawsuit" — what is that?

The White Law Group, a firm that solicits investor claims, published a page dated April 21, 2025 describing the Trust as a Cantor Fitzgerald-sponsored DST and estimating its raise and fee load. Top1031's review of primary records found no adverse court or regulatory proceeding on file for this Trust. Such pages are marketing for potential claimants, not findings of fact.

Chapter 9

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