The Isley at Windsor Hill
Multifamily property in North Charleston, South Carolina · sponsored by Griffin Capital
The Isley at Windsor Hill was a DST sponsored by Griffin Capital that owned a multifamily property in North Charleston, South Carolina (332 units). Its last Form D was filed Dec 12, 2024.
How it ended
No outcome recorded · under 7 years
The record lists the offering as fully subscribed; the last Form D was filed Dec 12, 2024.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $45,074,236Equity offered, per the Form D
- Sold
- 99.1%Form D, Dec 12, 2024; the % is our arithmetic
- Investors reported
- Form D, Dec 12, 2024114
- Selling commissions
- Form D Item 15; the % is our arithmetic$3,267,882 · 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 →
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Ask a 1031 specialist about this recordFree. About: The Isley at Windsor Hill. Top1031 is not a broker-dealer.The Isley at Windsor Hill · North Charleston, South Carolina · Photo: griffincapital.com
What did The Isley at Windsor Hill own?
Completed in 2023 and first opened as Livano North Charleston, the community was developed by LIV — formerly Quarterra Properties, originally LMC — and later renamed The Isley at Windsor Hill. One-, two-, and three-bedroom floor plans are spread across sixteen three-story buildings at 8251 Windsor Hill Blvd. 3 CoStar reported on July 19, 2024 that Griffin Capital had acquired the property; the closing date and seller were not stated. 4
- Reported location
- North Charleston, South Carolina
- Property size
- 332 units
How was it financed, and what did it cost to sell?
The filings on record do not state whether the Trust carries mortgage debt or on what terms. A third-party 1031 marketplace describes a fixed-rate, interest-only loan on the property, but no issuer filing or sponsor document in the record confirms those terms. 6
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $3,267,882 · 7.2% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $3,456,101 · 7.6% of offeringForm D Item 16· The filing’s note: “Item 16 is an estimate of acquisition fees, financing fees, expense allowances and offering and organizational expenses that may accrue to one or more Related Persons.”
- Broker-dealers named in the Form D
- 20 named in the Form D
Show the firms
- American Trust Investment Services, Inc. · CRD 3001
- Arkadios Capital · CRD 282710
- Aurora Securities · CRD 46147
- Berthel, Fisher & Company Financial Services, Inc. · CRD 13609
- Cambridge Investment Research, Inc. · CRD 39543
- Centaurus Financial, Inc. · CRD 30833
- Concorde Investment Services, LLC · CRD 151604
- DAI Securities, LLC · CRD 36673
- DFPG Investments, LLC · CRD 155576
- FNEX Capital, LLC · CRD 166316
- Great Point Capital LLC · CRD 114203
- IBN Financial Services, Inc. · CRD 42360
- Independent Financial Group, LLC · CRD 7717
- McDermott Investment Services, LLC · CRD 154926
- Metric Financial, LLC · CRD 33324
- Metropolitan Capital Investment Banc, Inc. · CRD 148820
- Nationwide Planning Associates Inc. · CRD 31029
- Purshe Kaplan Sterling Investments · CRD 35747
- RCX Capital Group, LLC · CRD 114290
- Stax Capital · CRD 300607
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jul 5, 2024
- 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.
Who's behind The Isley at Windsor Hill?
Griffin Capital Company, LLC is the sponsor; the Form D names Griffin - Windsor Hill - North Charleston, SC, LLC as manager of the issuer. 1 The firm runs a 1031 exchange platform of DST offerings, of which this multifamily Trust is one. On December 9, 2024 Griffin Capital announced that the offering had been fully subscribed. 2
- Sponsor
- Offerings on record
What does the SEC record show?
Each amendment on the timeline below restated the running total of interests sold as the raise progressed. The Trust was offered under Rule 506(c) — the private-placement route that permits public advertising so long as the sponsor verifies every buyer is an accredited investor, someone meeting SEC income or net-worth thresholds.
- Legal Trust name
- Griffin Capital (Windsor Hill - North Charleston, SC) DST
- SEC CIK
- 2027624
- First Form D
- Jul 19, 2024
- Latest Form D
- Dec 12, 2024
- Filings on record
- 9
- 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/A | $45,074,236 | $44,669,840+$514,370 | 114+4 | EDGAR | |
| Form D/A | $45,074,236 | $44,155,470+$4,134,192 | 110+20 | EDGAR | |
| Form D/A | $45,074,236 | $40,021,278+$2,939,439 | 90+7 | EDGAR | |
| Form D/A | $45,074,236 | $37,081,839+$3,811,754 | 83+11 | EDGAR | |
| Form D/A | $45,074,236 | $33,270,085+$4,687,533 | 72+11 | EDGAR | |
| Form D/A | $45,074,236 | $28,582,552+$8,342,284 | 61+18 | EDGAR | |
| Form D/A | $45,074,236 | $20,240,268+$9,679,717 | 43+24 | EDGAR | |
| Form D/A | $45,074,236 | $10,560,551+$8,199,817 | 19+16 | EDGAR | |
| Form D | $45,074,236 | $2,360,734 | 3 | EDGAR |
Show all 9 SEC Form D filings
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 The Isley at Windsor Hill?
- The Isley at Windsor Hill is a Historical offering. The record lists the offering as fully subscribed; the last Form D was filed Dec 12, 2024.
- What does the Trust actually own?
- An interest in The Isley at Windsor Hill, a 332-unit apartment community in North Charleston, South Carolina, completed in 2023 and originally branded Livano North Charleston. It is a garden-style property of sixteen three-story buildings with one-, two-, and three-bedroom floor plans.
- What did Griffin Capital pay for the property?
- The SEC filings do not state a purchase price, and public reports conflict. CoStar reported the acquisition on July 19, 2024 at approximately $32 million, while secondary 1031 listings cite a materially higher figure. Neither number is confirmed by an issuer filing, so treat the price as unresolved and check the offering documents.
- Is there debt on the property?
- Not confirmed in the public record. Griffin Capital's Form D filings do not disclose loan terms, and Top1031's data shows leverage as unknown for this Trust. A third-party marketplace listing describes a fixed-rate, interest-only mortgage, but that is a secondary source rather than an issuer document.
- Can this Trust convert into REIT shares through a 721 exchange?
- The record shows no 721/UPREIT feature — the arrangement in which a DST's property is later contributed to a REIT's operating partnership in exchange for units. Investors here would look to a sale of the property for an exit, and no sale or other outcome has been reported.
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.