Brook Highland Place DST
sponsored by Cottonwood Communities
Brook Highland Place DST, sponsored by Cottonwood Communities, filed its first Form D with the SEC on Jan 23, 2009 for a $16.7 million offering. A sale in Apr 2016, reported by The Business Journals.
How it ended
A sale in Apr 2016, reported by The Business Journals.
- Date
- Apr 1, 2016
Key facts
- Minimum investment
- $50,175From the Form D
- Offering size
- $16,725,000Equity offered, per the Form D
- Sold
- 75.7%Form D, Feb 16, 2011; the % is our arithmetic
- Investors reported
- Form D, Feb 16, 201166
- Selling commissions
- Form D Item 15; the % is our arithmetic$1,630,688 · 9.7% of offering
- 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: Brook Highland Place DST. Top1031 is not a broker-dealer.What did Brook Highland Place DST own?
Public filings for this Trust do not identify a property. The trust was organized in Delaware in 2008, and the address given in its Form D — 548 Highway 155, St. Germain, Wisconsin — is an issuer contact address, not real estate. 1 A same-named apartment community in Birmingham, Alabama turns up in press reports, but no reviewed record ties it to this trust. 5
How was it financed, and what did it cost to sell?
Costs and terms from the Form D
- Selling commissions
- $1,630,688 · 9.7% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $2,207,058 · 13.1% of offeringForm D Item 16· The filing’s note: “Amounts estimated for wholesaling fees and reimbursement of offering and organizational expenses.”
- Broker-dealers named in the Form D
- 19 named in the Form D
Show the firms
- Advisory Group Equity Services Ltd. · CRD 15427
- Alternative Wealth Strategies, Inc. · CRD 130933
- Ameriprise Advisor Services, Inc. · CRD 5979
- Berthel, Fisher & Company Financial Services, Inc. · CRD 13609
- Capitalquest Securities, Inc. · CRD 7699
- Direct Capital Securities, Inc. · CRD 29639
- Eliason Financial Group, LLC · CRD 130144
- Independent Financial Group, LLC · CRD 7717
- Investors Capital Corp. · CRD 30613
- KCD Financial, Inc. · CRD 127473
- MCL Financial Group, Inc. · CRD 41180
- Omni Brokerage, Inc. · CRD 16878
- Pacific West Securities, Inc. · CRD 6390
- Pavek Investments Inc. · CRD 15791
- Regent Capital Group, Inc. · CRD 126881
- Sigma Financial Corporation · CRD 14303
- VFG Securities, Inc. · CRD 15121
- Welton Street Investments LLC · CRD 132111
- Winslow, Evans & Crocker, Inc. · CRD 29686
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jan 12, 2009
- Minimum investment
- $50,175
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.
Who's behind Brook Highland Place DST?
The Form D amendments name the parties behind the offering: Eliason, Inc. as sponsor, Brook Highland Place Trust Manager LLC as trust manager, E1031-B Finance Company LLC as depositor, and Eliason 1031 Properties Corporation as promoter. 4 No reviewed public source describes that group's size, its other 1031 programs, or what became of the platform after the filings stopped.
- Sponsor
- Offerings on record
- 1 active / 2 total
What does the SEC record show?
The original Form D was followed by two dozen amendments that did little more than update the running sales tally; the amendment filed August 11, 2009 cut the stated minimum investment in half. The offering was private, with no general advertising, so participation ran through existing broker or adviser relationships.
- Legal Trust name
- Brook Highland Place DST
- SEC CIK
- 1454393
- First Form D
- Jan 23, 2009
- Latest Form D
- Feb 16, 2011
- Filings on record
- 25
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Minimum | Filing on SEC EDGAR |
|---|---|---|---|---|---|---|
| Form D/A | $16,725,000 | $12,661,436+$805,084 | 66+3 | $50,175 | EDGAR | |
| Form D/A | $16,725,000 | $11,856,352+$336,172 | 63+3 | $50,175 | EDGAR | |
| Form D/A | $16,725,000 | $11,520,180+$50,175 | 60+1 | $50,175 | EDGAR | |
| Form D/A | $16,725,000 | $11,470,005+$1,093,815 | 59+9 | $50,175 | EDGAR | |
| Form D/A | $16,725,000 | $10,376,190+$889,770 | 50+3 | $50,175 | EDGAR | |
| Form D/A | $16,725,000 | $9,486,420+$349,553 | 47+2 | $50,175 | EDGAR | |
| Form D/A | $16,725,000 | $9,136,867+$301,050 | 45+2 | $50,175 | EDGAR | |
| Form D/A | $16,725,000 | $8,835,817+$571,995 | 43+4 | $50,175 | EDGAR | |
| Form D/A | $16,725,000 | $8,263,822+$280,980 | 39+2 | $50,175 | EDGAR | |
| Form D/A | $16,725,000 | $7,982,842+$158,887 | 37+2 | $50,175 | EDGAR | |
| Form D/A | $16,725,000 | $7,823,955+$50,175 | 35+1 | $50,175 | EDGAR | |
| Form D/A | $16,725,000 | $7,773,780+$1,249,358 | 34+4 | $50,175 | EDGAR | |
| Form D/A | $16,725,000 | $6,524,422+$301,050 | 30+2 | $50,175was $100,350 | EDGAR | |
| Form D/A | $16,725,000 | $6,223,372+$501,750 | 28+1 | $100,350 | EDGAR | |
| Form D/A | $16,725,000 | $5,721,622+$113,730 | 27+2 | $100,350 | EDGAR | |
| Form D/A | $16,725,000 | $5,607,892+$200,700 | 25+1 | $100,350 | EDGAR | |
| Form D/A | $16,725,000 | $5,407,192+$451,575 | 24+3 | $100,350 | EDGAR | |
| Form D/A | $16,725,000 | $4,955,617+$250,875 | 21+1 | $100,350 | EDGAR | |
| Form D/A | $16,725,000 | $4,704,742+$372,967 | 20+1 | $100,350 | EDGAR | |
| Form D/A | $16,725,000 | $4,331,775+$75,262 | 19+1 | $100,350 | EDGAR | |
| Form D/A | $16,725,000 | $4,256,513+$1,105,523 | 18+4 | $100,350 | EDGAR | |
| Form D/A | $16,725,000 | $3,150,990+$150,525 | 14+2 | $100,350 | EDGAR | |
| Form D/A | $16,725,000 | $3,000,465+$993,465 | 12+3 | $100,350 | EDGAR | |
| Form D/A | $16,725,000 | $2,007,000+$225,787 | 9+2 | $100,350 | EDGAR | |
| Form D | $16,725,000 | $1,781,213 | 7 | $100,350 | EDGAR |
Show all 25 SEC Form D filings
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 Brook Highland Place DST?
- Brook Highland Place DST is a Historical offering. A sale in Apr 2016, reported by The Business Journals.
- What property does this Trust own?
- The public record does not say. None of the 25 Form D filings names a property, and no reviewed high-confidence source identifies an address, tenant, occupancy, or purchase price for Brook Highland Place DST. Press coverage of a Birmingham, Alabama apartment community called Brook Highland Place exists, but the reporting does not name this trust as owner or seller.
- Who sponsored the offering?
- The Form D amendments identify Eliason, Inc. as sponsor, with Brook Highland Place Trust Manager LLC as manager, E1031-B Finance Company LLC as depositor, and Eliason 1031 Properties Corporation as promoter. Top1031's sponsor data carries no attribution for this trust, and no reviewed source documents the group's broader 1031 platform.
- Has any outcome been reported for this Trust?
- No outcome reported yet. The reviewed record contains no sale, refinancing, 721/UPREIT contribution — a swap of trust property into a REIT's operating partnership — or wind-up filing for Brook Highland Place DST.
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.