Top1031

West End at City Center

Multifamily property in Lenexa, KS · sponsored by Cantor Fitzgerald

Historical · convertedConverted into REIT units (721 exchange) Feb 2026 · last Form D Feb 7, 2023baker1031.com (opens in a new tab)

West End at City Center was a DST sponsored by Cantor Fitzgerald that owned a multifamily property in Lenexa, KS (309 units). Converted into REIT units (721 exchange) Feb 2026.

How it ended

Moved into a REIT, value not stated

Converted into REIT units (721 exchange) Feb 2026.

Date
Feb 1, 2026
Held
3.4 years

Source: cited report (opens in a new tab)

Cantor Fitzgerald has 5 active offerings on record →

Key facts

Minimum investment
$250,000
From the Form D
Offering size
$47,000,000
Equity offered, per the Form D
Sold
100%
Form D, Feb 7, 2023; the % is our arithmetic
Investors reported
63
Form D, Feb 7, 2023
Selling commissions
$2,350,000 · 5.0% of offering
Form D Item 15; the % is our arithmetic
Financing
Leveraged. This offering reports mortgage debt on the property.
How it is financed ↓
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 →

Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.

Ask a 1031 specialist about this recordFree. About: West End at City Center. Top1031 is not a broker-dealer.
West End at City Center image

West End at City Center · Lenexa, KS · Photo: bluevaultpartners.com

What did West End at City Center own?

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

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

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.

Debt

Financing
Leveraged. This offering reports mortgage debt on the property.
Converted to a REIT (721)
Yes: converted into REIT units Feb 2026
Source: cited report

Costs and terms from the Form D

Selling commissions
$2,350,000 · 5.0% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$3,792,824 · 8.0% of offering
Form D Item 16
· The filing’s note: “Estimate of certain fees & expenses including Managing Broker-Dealer Fee, Marketing and Due Diligence Allowance, Offering & Organizational Expenses, Closing Costs, Loan and Lender Expenses and Structuring Fee which may accrue to one more related persons.”
Broker-dealers named in the Form D
14 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Aug 26, 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 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.

Legal Trust name
CF West End Multifamily DST
SEC CIK
1944748
First Form D
Aug 31, 2022
Latest Form D
Feb 7, 2023
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$47,000,000
$47,000,000+$1,616,082
63+4
EDGAR
Form D/A$47,000,000
$45,383,918+$45,383,918
59
EDGAR
Form D$47,000,000
$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 West End at City Center?
West End at City Center is a Historical offering. Converted into REIT units (721 exchange) Feb 2026.
Did West End at City Center convert into REIT units through a 721 exchange?
Converted into REIT units (721 exchange) Feb 2026. In a 721 exchange, or UPREIT, the DST’s property is contributed to a REIT’s operating partnership and investors receive operating-partnership units instead of cash.
How a DST-to-721 UPREIT exit works
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.

In the news

Sources

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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.