Top1031

Flatirons Self-Storage V DST

Self-storage property · sponsored by Flatirons Asset Management

HistoricalLast Form D filed Apr 20, 2023 (opens in a new tab)

Flatirons Self-Storage V DST was a DST sponsored by Flatirons Asset Management that owned 33 self-storage properties. Its last Form D was filed Apr 20, 2023.

How it ended

No outcome recorded · under 7 years

Last Form D filed Apr 20, 2023.

Key facts

Minimum investment
Not in the Form D
From the Form D
Offering size
$68,112,743
Equity offered, per the Form D
Selling commissions
$4,471,380 · 6.5% 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 →

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Ask a 1031 specialist about this recordFree. About: Flatirons Self-Storage V DST. Top1031 is not a broker-dealer.

What did Flatirons Self-Storage V DST own?

Flatirons Asset Management announced on October 27, 2022 that it had acquired a self-storage portfolio from Red Dot Storage, with facilities across eight states. The Trust itself is a Delaware entity, carrying EIN 883306302 in the SEC's issuer record. 1 Its own Form D filings name no addresses, and no primary public record links specific buildings to this Trust by name.

Property size
33 properties, ~9,000 units, ~1.3M sq ft

How was 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.

Costs and terms from the Form D

Selling commissions
$4,471,380 · 6.5% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$9,088,433 · 13.3% of offering
Form D Item 16
· The filing’s note: “This estimate assumes the sale of the total offering amount, and also includes amounts paid with respect to the separate, now concluded, offering conducted by the Issuer under Rule 506(b) for the same class of interests.”
Broker-dealers named in the Form D
13 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Dec 12, 2022
Minimum investment
Not in the Form D

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?

Legal Trust name
Flatirons Self-Storage V DST
SEC CIK
1959130
First Form D
Dec 27, 2022
Latest Form D
Apr 20, 2023
Filings on record
3
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 soldInvestors
Form D (new notice)$68,112,743
$0
EDGAR
Form D/A$6,410,256was $74,523,000
$6,410,256+$1,442,520
13+8
EDGAR
Form D$74,523,000
$4,967,736
5
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 Flatirons Self-Storage V DST?
Flatirons Self-Storage V DST is a Historical offering. Last Form D filed Apr 20, 2023.
What does the Trust actually own?
Self-storage. Flatirons Asset Management announced on October 27, 2022 that it had acquired a portfolio of self-storage facilities from Red Dot Storage spanning eight states, and this Trust was formed and filed its first Form D shortly afterward. The Trust's own SEC filings do not list individual property addresses, so no primary record ties named buildings to this specific Trust.
Why are there two different Form D filings in April 2023?
The Trust amended its original filing to a smaller offering amount of $6,410,256 and reported all of it sold, closing out the private tranche. It then filed a new, larger Form D under the rule that permits public advertising of the offering to investors whose accredited status is verified — meaning investors must document income or net worth rather than simply self-certify.
Is there a 721/UPREIT exit planned?
Nothing in the filing record indicates one. A 721/UPREIT exit is where a DST's property is contributed to a real estate investment trust in exchange for operating partnership units; the record for this Trust shows no such conversion path.
How is the portfolio financed?
The public record does not say. The Form D filings disclose equity offering amounts only — no lender, loan balance, or loan-to-value figure appears in any filing on record for this Trust. Those terms would sit in the offering documents.
Who is the tenant?
Self-storage typically has no single tenant; income comes from many individual renters rather than one corporate lease. No lease, occupancy, or operator terms for this Trust appear in the SEC filing record.

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.