Meadow+Main
Build-to-rent residential property in Jenks, Oklahoma · sponsored by Griffin Capital
Active offeringLatest Form D filed Mar 4, 2026 (opens in a new tab)
Meadow+Main is a DST sponsored by Griffin Capital that owns a build-to-rent residential property in Jenks, Oklahoma (138 homes). Its latest Form D, filed Mar 4, 2026, lists a $23.5 million offering with a $25,000 minimum.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $23,520,998Equity offered, per the Form D
- Sold so far
- Form D, Mar 4, 2026; the % is our arithmetic0.4%
- Investors reported
- Form D, Mar 4, 20261
- Selling commissions
- Form D Item 15; the % is our arithmetic$1,705,272 · 7.2% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.How it is financed ↓
- 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
- Mar 4, 2026 · 1 filing
- First sale
- Feb 24, 2026
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
- $100,000
- Not yet sold
- $23,420,998
- Investors
- 1
Calculated by Top1031 from the Form D filings, not stated by the sponsor:
0.4% of $23,520,998 sold, calculated by Top1031 from the Form D
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Ask a 1031 specialist about this recordFree. About: Meadow+Main. Top1031 is not a broker-dealer.Meadow+Main · Jenks, Oklahoma · Photo: griffincapital.com
What does Meadow+Main own?
Griffin Capital describes a purpose-built cottage-style rental community that operated under the Trulo Homes Jenks name before the rebrand to Meadow+Main the sponsor announced as underway on February 4, 2026. 2 The Trust's memorandum says the homes were built in 2022–2023 on roughly 15.53 acres and were bought from an unaffiliated third party on January 15, 2026 for $37,250,000. 3 Build-to-rent means detached houses developed and operated as one managed community rather than sold off individually.
- Property address
- 11131 South Kennedy Court, Jenks, Oklahoma
- Property size
- 138 homes; approximately 141,500 square feet of net rentable area
How have sales gone?
The Form D record has one sales figure so far, so there is no trend to chart. The figure is in Sales so far ↑.
How is it financed, and what did it cost to sell?
The homes carry mortgage debt rather than being owned free and clear, so a lender's claim on the property sits ahead of investor equity in any sale or refinancing. The Trust's memorandum describes a fixed-rate first mortgage, meaning the rate does not float with the market during the loan term. 3 The Form D does not name the lender.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
- May convert to a REIT (721)
Costs and terms from the Form D
- Selling commissions
- $1,705,272 · 7.2% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $2,582,704 · 10.9% of offeringForm D Item 16· The filing’s note: “Estimate of certain fees and expenses including Marketing and Due Diligence Expense Allowance, Organization and Offering Expenses, Acquisition Fee, Financing Fee and Financing and Other Closing Costs which may accrue to one or more related persons.”
- Broker-dealers named in the Form D
- 2 named in the Form D
Show the firms
- Foreside Fund Services, LLC · CRD 46106
- Metropolitan Capital Investment Banc, Inc. · CRD 148820
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Feb 24, 2026
- Minimum investment
- $25,000
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.
What are the deal terms?
From Griffin Capital’s offering documents (Jan 2026).
Your exit
- Can the sponsor's affiliate buy investors out?
- No
Rent and the bills
- Who pays rent to the trust?
- A master tenant affiliated with the sponsor
- Who pays for roof and structural repairs?
- Investors, through the trust
- Who pays if taxes or insurance go up?
- Investors, through the trust
- Was the property bought from a sponsor affiliate?
- No
Your rights
- Can investors remove the manager?
- No
- How are disputes with the sponsor resolved?
- In court
Who's behind Meadow+Main?
Griffin Capital Residential Partners was announced on September 15, 2025 as a dedicated build-to-rent division of the firm's rental-housing business, focused on acquiring, developing and operating purpose-built rental communities. 4 That platform announced this community's acquisition on February 4, 2026. 2 The Form D names Griffin Capital Residential Partners Institutional Property Exchange, LLC as the Trust's sponsor. 1 SQX Alts published a profile of the firm's opportunity-zone, DST and build-to-rent platforms on August 26, 2026.
- Sponsor
- Offerings on record
- 2 active / 5 total
What does the SEC record show?
The SEC record here is a single new notice rather than a series of amendments, so no revisions to the Offering's stated terms appear on file, and the filing gives February 24, 2026 as the date of first sale. 1 The exemption claimed permits general advertising, but each buyer's accredited status must be documented rather than self-certified.
- Legal Trust name
- Griffin Capital Tulsa BTR DST
- SEC CIK
- 2115927
- First Form D
- Mar 4, 2026
- Latest Form D
- Mar 4, 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 | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $23,520,998 | $100,000 | 1 | 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 Meadow+Main an active offering?
- Meadow+Main is an Active offering: its latest Form D was filed Mar 4, 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 does the Trust actually own?
- A single cottage-style build-to-rent community at 11131 South Kennedy Court in Jenks, Oklahoma, in the Tulsa metropolitan area — 138 homes totaling approximately 141,500 square feet of net rentable area, on roughly 15.53 acres according to the Trust's memorandum. Investors buy beneficial interests in the Delaware statutory trust that holds the real estate, not shares in the sponsor. Top1031 data shows no 721/UPREIT feature, meaning no stated path to exchange those beneficial interests for operating-partnership units in a REIT.
- Who is the tenant?
- Residents, not a corporate credit tenant. This is residential build-to-rent, so cash flow depends on many household leases rolling over rather than one lease guaranteed by one company. The Trust's memorandum describes an absolute-net master lease — the master tenant bears property operating expenses and debt service — to sponsor affiliate Griffin – Tulsa Master Tenant, LLC, with GREP Southwest, LLC engaged as manager. Offering materials report 97.8% occupancy, a historical reported figure rather than a verified current measurement. Top1031 listing data shows rents in a range of roughly $1,594 to $2,211 per month.
- How is the property financed?
- With mortgage debt alongside the equity being raised. The Trust's memorandum reports a $20,455,000 first-mortgage loan bearing fixed interest of 5.07% annually with a stated maturity of February 1, 2036, within a stated total capitalization of $43,975,998 made up of $23,520,998 of beneficial-interest equity and that loan. The loan equals about 46.5% of that stated offering price — a loan-to-offering-price measure, not a loan-to-property-value measure, and a different denominator from the $37,250,000 purchase price. The loan documents and the offering documents control.
In the news
Sources
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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.