Cunat Exchange X DST
sponsored by Cunat
Cunat Exchange X DST, sponsored by Cunat, filed its first Form D with the SEC on Oct 1, 2026 for a $59.1 million offering. Its latest Form D, filed Oct 1, 2026, lists a $59.1 million offering with a $100,000 minimum.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $59,125,000Equity offered, per the Form D
- Sold so far
- Form D, Oct 1, 2026$0
- Investors reported
- Form D, Oct 1, 20260
- Selling commissions
- Form D Item 15; the % is our arithmetic$3,370,125 · 5.7% of offering
- 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 →
Sales so far
- Latest Form D
- Oct 1, 2026 · 1 filing
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
- Amount sold
- $0
- Not yet sold
- $59,125,000
- Investors
- 0
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Ask a 1031 specialist about this recordFree. About: Cunat Exchange X DST. Top1031 is not a broker-dealer.No photo on record. Location not stated in the SEC filings.
What does Cunat Exchange X DST own?
Cunat Exchange X DST is a Delaware statutory trust — a structure that lets 1031 exchange investors hold fractional interests in real estate — sponsored by Cunat, Inc. It filed its first Form D with the SEC on October 1, 2026, and is raising from accredited investors, those meeting SEC income or net-worth tests, at a $100,000 minimum. No property, tenant, or financing detail appears in the public record yet.
How is it financed, and what did it cost to sell?
Costs and terms from the Form D
- Selling commissions
- $3,370,125 · 5.7% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $0 · 0.0% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Arete Wealth Management, LLC · CRD 44856
Individual representatives named in Item 12 are not listed.
- Minimum investment
- $100,000
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.
Who's behind Cunat Exchange X DST?
Cunat, Inc. is an Illinois multifamily owner-operator that sponsors a numbered series of 1031 exchange trusts. On September 30, 2025, the company announced that its separate Cunat I Exchange DST had gone full cycle, reporting a 12.14% return to investors. 1 The Real Deal reported on August 5, 2026 that Cunat repurchased the 208-unit Fawn Ridge Apartments in McHenry, Illinois for $36 million — a transaction that report does not connect to this Trust. 2
- Sponsor
- Offerings on record
- 1 active / 5 total
What does the SEC record show?
A Form D is the brief notice an issuer files with the SEC to claim an exemption from registering a securities offering; it carries no property, tenant, or lender detail. The exemption claimed here permits general advertising, provided the sponsor verifies each investor's accredited status rather than accepting self-certification.
- Legal Trust name
- Cunat Exchange X DST
- SEC CIK
- 2154995
- First Form D
- Oct 1, 2026
- Latest Form D
- Oct 1, 2026
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D | $59,125,000 | $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
- Is Cunat Exchange X DST an active offering?
- Cunat Exchange X DST is an Active offering: its latest Form D was filed Oct 1, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
- What property does Cunat Exchange X DST own?
- The public record does not say. The Form D filed October 1, 2026 is a short notice of exempt offering and does not require an issuer to describe its assets, so no address, asset type, tenant, or lender appears anywhere in the SEC file for this Trust. News coverage of Cunat's August 2026 purchase of the 208-unit Fawn Ridge Apartments in McHenry, Illinois does not identify that property as an Exchange X asset. Only the Trust's offering documents would resolve what this Trust holds.
- Who can invest, and what is the minimum?
- The offering is made under Rule 506(c), the exemption that lets a sponsor advertise publicly so long as every buyer is an accredited investor whose status is affirmatively verified — typically with tax returns, brokerage statements, or a letter from a CPA or attorney, not a check-the-box self-certification. The listing reports a $100,000 minimum investment. Terms including the minimum can be changed by the sponsor and are governed by the offering documents.
- Does the 12.14% Cunat reported on its first DST apply to this Trust?
- No. That figure, announced September 30, 2025, describes the completed full-cycle result of Cunat I Exchange DST — a separate, earlier offering with its own property, debt, and hold period. Cunat Exchange X DST is a distinct legal entity whose asset is not disclosed in the public record. A prior program's completed result is not an indication of what any other offering will do.
- What should I expect to appear in the filings next?
- Issuers file an amended Form D when offering facts change and generally at least annually while the offering remains open, so later amendments are where updated sold-to-date and investor-count figures would appear. Form D amendments still will not disclose the property, the lender, or the lease. For those, the offering documents and the sponsor's own materials are the only sources.
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.