Top1031

Hunter's Chase Apartments

Multifamily property in Midlothian, Virginia · sponsored by Capital Square

HistoricalLast Form D filed Jun 17, 2022 (opens in a new tab)

Hunter's Chase Apartments was a DST sponsored by Capital Square that owned a multifamily property in Midlothian, Virginia (320 units). Its last Form D was filed Jun 17, 2022.

How it ended

No outcome recorded · under 7 years

The record lists the offering as fully subscribed; the last Form D was filed Jun 17, 2022.

Capital Square has 5 active offerings on record →

Key facts

Minimum investment
$50,000
From the Form D
Offering size
$48,200,000
Equity offered, per the Form D
Sold
Not reported after the first Form D (Jun 17, 2022)
Form D, Jun 17, 2022
Selling commissions
$4,097,000 · 8.5% 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(c)
May be advertised publicly. Every buyer’s accredited status must be verified.

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 →

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Ask a 1031 specialist about this recordFree. About: Hunter's Chase Apartments. Top1031 is not a broker-dealer.
Hunter's Chase Apartments image

Hunter's Chase Apartments · Midlothian, Virginia · Photo: capitalsq.com

What did Hunter's Chase Apartments own?

Capital Square announced on June 16, 2022 that it was buying the Midlothian community on behalf of a Delaware statutory trust offering, calling it its twelfth multifamily purchase near Richmond. 2 The garden-style property occupies 24.7 acres with one-, two- and three-bedroom layouts. 2 Capital Square describes the asset as Class B and says it benefits from $7 million in recent capital improvements. 3

Property address
5200 Hunt Master Drive, Midlothian, Virginia
Property size
320 units; units averaging 816 square feet

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

The Form D and the reviewed sponsor materials do not state a loan amount, lender, interest rate, or whether the Trust carries debt at all, so the capital structure is not established in the public record.

Debt

Financing
Leveraged. This offering reports mortgage debt on the property.

Costs and terms from the Form D

Selling commissions
$4,097,000 · 8.5% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$2,040,370 · 4.2% of offering
Form D Item 16
Broker-dealers named in the Form D
1 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Not in the Form D
Minimum investment
$50,000

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 Trust's notice was filed under Rule 506(c), which lets a sponsor advertise an offering publicly but requires each buyer's accredited-investor status to be verified. No amendment appears in the reviewed EDGAR record, so the filing captures the offering as launched rather than as finally subscribed.

Legal Trust name
CS1031 Hunter's Chase Apartments, DST
SEC CIK
1934406
First Form D
Jun 17, 2022
Latest Form D
Jun 17, 2022
Filings on record
1
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount sold
Form D$48,200,000
$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 Hunter's Chase Apartments?
Hunter's Chase Apartments is a Historical offering. The record lists the offering as fully subscribed; the last Form D was filed Jun 17, 2022.
What does it mean that this is a DST?
A Delaware statutory trust holds title to the property and sells beneficial interests to investors. The IRS treats those interests as like-kind real property, so a 1031 exchange investor can roll sale proceeds into one without recognizing gain. In exchange, investors are passive: the trustee and sponsor make all operating and disposition decisions.
Who runs the apartments day to day?
Capital Square's offering page describes a master tenant structure in which the master tenant collects rent and operates, manages, leases and maintains the property, funded solely by cash flow from the underlying lease. Beneficial owners depend on that entity's performance. The reviewed materials do not name the master tenant entity or state its lease term.
What was the minimum investment?
The June 17, 2022 Form D reported a $50,000 minimum outside investment for the offering. Those are figures the issuer reported at launch; the offering documents govern actual terms.
Does this Trust convert into a REIT?
The data on record shows no 721/UPREIT exit — the path some sponsors use to swap DST interests for operating partnership units in an affiliated REIT. Nothing in the reviewed filings or sponsor materials indicates that route for this Trust.

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.