Top1031

Cunat Exchange X DST

Property · sponsored by Cunat

Active offeringLatest Form D filed Oct 1, 2026 (opens in a new tab)

Cunat Exchange X DST is a DST sponsored by Cunat that owns a property. Its latest Form D, filed Oct 1, 2026, lists a $59.1 million offering with a $100,000 minimum.

Key facts

Minimum investment
$100,000
From the Form D
Offering size
$59,125,000
Equity offered, per the Form D
Sold so far
None reported as of Oct 1, 2026
Form D, Oct 1, 2026
Selling commissions
$3,370,125 · 5.7% of offering
Form D Item 15; the % is our arithmetic
Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
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

No sales reported in a Form D amendment yet. Latest notice Oct 1, 2026.

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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?

Debt

Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
May convert to a REIT (721)
Not stated in the public record

Costs and terms from the Form D

Selling commissions
$3,370,125 · 5.7% of offering
Finders’ fees
$0
Recipients of sales compensation
1 named in the Form D
Show the names
  • ARETE Wealth Management, LLC
Date of first sale
Not in the Form D
Minimum investment
$100,000

Form D Item 15 amounts may be the issuer’s estimates; the percentage is Top1031’s arithmetic on two Form D figures. The issuer marked these amounts as an estimate.

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
Read the filings on SEC EDGAR
  1. Form D filedFirst and latest filing on record.

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 private placement memorandum (PPM), the sponsor's full offering document, 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 PPM.
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 PPM 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 Private Placement Memorandum before investing.