What is this, in one paragraph?
Cunat Exchange VI DST is a Delaware statutory trust — a passive co-ownership vehicle whose interests can be received in a 1031 exchange — sponsored by Cunat, a McHenry, Illinois multifamily owner. It was organized in 2022 and sold equity to accredited investors under Rule 506(b).1 The Trust is Historical, meaning closed to new investors. No located public source names the property it holds.
Show sources (4)Hide sources (4)
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.
What exactly is the property?
No located public record names the real estate behind this Trust. The Form D filings classify it as a multifamily offering but do not identify a property, address, or unit count, and no press release, launch article, or property marketing material was found. Cunat's earlier DSTs have targeted multifamily properties in Illinois towns including McHenry, Woodstock, and Harvard. The Trust itself was organized in Delaware in 2022.1
Who is the tenant, and what's the lease?
This is a multifamily Trust, so income comes from many residential leases — typically one-year apartment terms that reprice often — rather than one corporate tenant on a long contract. No located source states the property's occupancy, rent roll, or property manager.
How did it end?
No ending on record
No full-cycle announcement, press release, or property-disposition news specifically for Cunat Exchange VI DST was located in trade-press sources or SEC EDGAR beyond the original Form D; no sponsor catalog listing or periodic report was found.
Part of Cunat Inc.'s series of multifamily DST offerings (Cunat Exchange I through VIII). SEC Form D filed Jan 24, 2023; last amendment Oct 10, 2023. Offering amount listed at approximately $9,500,000. Cunat is based in McHenry, IL, and its DSTs have historically targeted multifamily properties in Illinois (McHenry, Woodstock, Harvard). No standalone press release, launch article, or property-specific marketing material was located that names the underlying property or properties for this specific offering.
How is it financed, and what does it pay?
Neither Form D filing states whether the Trust carries mortgage debt, and no lender has been identified in any located source. Whether investors hold a leveraged or all-cash position is therefore unresolved in the public record.
Who's behind it?
Cunat, Inc. is a family-run real estate firm based in McHenry, Illinois, and Cunat Exchange VI is one entry in its series of multifamily DST offerings running from Cunat Exchange I through VIII. The Trust's principal place of business is 5400 W. Elm Street, Suite 110, in McHenry.2 The October 10, 2023 amendment names Brian Cunat and John Cunat as executive officers related to the issuer.2 Cunat is a regional operator, not a national syndicator with a broker-dealer distribution network.
- Sponsor
- Cunat
- Legal Trust name
- Cunat Exchange VI DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 0 active / 4 total offerings from Cunat
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The Trust filed an initial Form D — the brief SEC notice for a private placement — and one later amendment that updated the sales figures. The issuer reported a first sale date of January 27, 2023 and estimated sales commissions of $1,849,650.2 It was offered under Rule 506(b), which bars general advertising and reaches investors through existing relationships.
- First Form D filedThe public offering record begins.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 2
- 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
What happened to Cunat Exchange VI DST?
Top1031 lists Cunat Exchange VI DST as historical. It is no longer raising money.
Where does Top1031 get the data for Cunat Exchange VI DST?
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.
What property does Cunat Exchange VI DST actually own?
No located public source names it. The Form D filings identify the offering as multifamily but disclose no property name, address, or unit count, and no press release or marketing material naming the asset was found. Cunat's DSTs have historically held multifamily properties in Illinois — McHenry, Woodstock, and Harvard among them. An investor would need the private placement memorandum (PPM), the sponsor's full offering document, to see the asset.
Can I still invest in this Trust?
No. It is Historical — closed to new investors. Form D offerings do not reopen; a 1031 investor looking at Cunat would need to ask the sponsor about a current offering instead.
What does Rule 506(b) mean for how this was sold?
Rule 506(b) is the private-placement exemption that lets an issuer raise money without registering with the SEC, but forbids general advertising or public solicitation. Interests reach accredited investors — broadly, those meeting SEC income or net-worth thresholds — through pre-existing relationships, usually via a broker-dealer or registered representative rather than a website.
Who is behind Cunat?
Cunat, Inc. is a real estate firm headquartered at 5400 W. Elm Street, Suite 110, McHenry, Illinois. The Trust's October 10, 2023 Form D amendment names Brian Cunat and John Cunat as executive officers related to the issuer. Cunat has sponsored a numbered series of multifamily DSTs, Cunat Exchange I through VIII.
Has the Trust sold the property or reported an outcome?
No outcome is reported yet. No primary record was located establishing a sale, refinancing, foreclosure, or 721/UPREIT conversion — the exchange of DST interests for operating-partnership units in a REIT. The Trust's SEC file contains only the two Form D filings, and Form D carries no ongoing reporting obligation, so silence in EDGAR is not evidence either way.
Is the Trust leveraged?
Unknown from the public record. Form D does not require debt disclosure, and no located source names a lender or states a loan amount for this Trust. Leverage, loan maturity, and any lender-required reserves would be set out in the PPM and the loan documents.