The Isley at Windsor Hill
Multifamily property in North Charleston, South Carolina — sponsored by Griffin Capital
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These links support the historical public record; individual details may come from different sources.
What is this, in one paragraph?
The Isley at Windsor Hill is a 332-unit apartment community in North Charleston, South Carolina, held in a Delaware statutory trust (DST) — the structure that lets 1031 exchangers own a fractional interest in real estate. Griffin Capital sponsored the offering. It is closed to new investors: the sponsor announced on December 9, 2024 that the Trust was fully subscribed.2
Minimum investment
$25k
Offering size
$45.1M
How much has sold
99.0%
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
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
Who is the tenant, and what's the lease?
There is no single corporate tenant here. Income comes from hundreds of individual apartment leases that turn over on their own schedules, so rents reset with the market rather than under one long-term contract. Greystar's property page lists active leasing, floor plans and pricing for the community.5
How did it end?
Still operating
No evidence of sale or full cycle; Griffin Capital announced on Dec 9, 2024 that the trust was fully subscribed at $45M for The Isley at Windsor Hill (332-unit multifamily in North Charleston, SC, operated by Greystar), and the property continues to be actively marketed for rent (Griffin Capital press release, Dec 9, 2024).
The Isley at Windsor Hill (formerly Livano North Charleston) is a 332-unit multifamily property in North Charleston, SC, developed by LIV (formerly Quarterra Properties, originally LMC) and completed in 2023. Griffin Capital acquired the property on July 19, 2024 for $75 million. The community features one-, two-, and three-bedroom floor plans across sixteen 3-story buildings, and was 94% occupied at acquisition. The DST offering raised over $45 million and was fully subscribed by December 2024.
332 unitsSupporting evidence
Counted on Griffin Capital’s Record Card as: No outcome recorded · under 7 years Document
How is it financed, and what does it pay?
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
Who's behind it?
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
- Griffin Capital
- May convert to a REIT
- No
- Offerings from this sponsor
- 3 active / 5 total offerings from Griffin Capital
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
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.
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Filing record updatedA later amendment updated the sponsor’s filing record.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Legal Trust name
- Griffin Capital (Windsor Hill - North Charleston, SC) DST
- Filings on record
- 9
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
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.
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.
Common questions
What happened to The Isley at Windsor Hill?
The Isley at Windsor Hill is a Historical offering: its latest SEC filing is outside the Active window. The outcome and source documents are shown separately.
Where does Top1031 get the data for The Isley at Windsor Hill?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Can I still invest in this Trust?
No. Griffin Capital announced on December 9, 2024 that the Trust was fully subscribed, and it is closed to new investors. The final Form D amendment, filed December 12, 2024, still showed a small unsold remainder, which is why the SEC record and the sponsor announcement don't line up perfectly on timing.
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 PPM.
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.
What does Rule 506(c) mean for this offering?
506(c) is the private-placement exemption that lets a sponsor advertise publicly — which is why press releases and marketplace listings exist for this Trust — on the condition that every purchaser is verified as an accredited investor, not merely self-certified. Verification typically means providing tax returns, brokerage statements, or a letter from a CPA or attorney.
Chapter 9Griffin Capital Fully-Subscribes $45 Million Multifamily DST in North Charleston, SCGriffin Capital announced its DST offering for The Isley at Windsor Hill (formerly Livano North Charleston) was fully subscribed after raising over $45 million of equity. California-Based Griffin Capital Acquires North Charleston ApartmentsCoStar coverage of Griffin Capital's acquisition of the 332-unit Livano North Charleston (later rebranded The Isley at Windsor Hill) for $75 million.