Top1031

The Oaks at Riverbend

Multifamily property in Gonzales, Louisiana · sponsored by Griffin Capital

Sold outReported fully subscribed · latest Form D Mar 12, 2026 (opens in a new tab)

The Oaks at Riverbend is a DST sponsored by Griffin Capital that owns a multifamily property in Gonzales, Louisiana (299 units). Its latest Form D, filed Mar 12, 2026, lists a $37.1 million offering with a $25,000 minimum.

Key facts

Minimum investment
$25,000
From the Form D
Offering size
$37,129,367
Equity offered, per the Form D
Sold so far
99.1%
Form D, Mar 12, 2026; the % is our arithmetic
Investors reported
101
Form D, Mar 12, 2026
Selling commissions
$2,691,879 · 7.2% 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.
How it is financed ↓
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.

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 →

Can I still invest?

No new interests: the offering is reported fully subscribed.

By Top1031’s calculation from the latest Form D, filed Mar 12, 2026, 99.1% of the offering had sold.

Other Griffin Capital offerings on record

  • Union Berkley RiverfrontKansas City, MO · $25,000 minimum · $59,873,419 offeringActive offering · latest Form D Oct 9, 2026
  • Meadow+MainJenks, Oklahoma · $25,000 minimum · $23,520,998 offeringActive offering · latest Form D Mar 4, 2026

Availability changes without a filing. The sponsor or a registered representative can confirm what is open.

Looking for an offering like this one? A licensed 1031 specialist from our affiliated partner can talk through what is on record.

Ask a 1031 specialist about this recordFree. About: The Oaks at Riverbend. Top1031 is not a broker-dealer.
The Oaks at Riverbend image 1 of 2

The Oaks at Riverbend · Gonzales, Louisiana · Photo: theoaksatriverbendliving.com

City-level mapGonzales, Louisiana metroMap shows the city, not the exact address.

What does The Oaks at Riverbend own?

Griffin Capital's investor presentation lists 2023 as the year this garden-style community was built. 1 On May 27, 2025, the Baton Rouge Business Report reported that Griffin Capital had bought the complex, without establishing a precise closing date or a price. 3 It is the Trust's single asset, in the Ascension Parish submarket of Baton Rouge. Greystar is identified as the property's professional manager. 4

Property address
609 Saint Francis Pkwy, Gonzales, LA 70737
Property size
299 units; total property square footage not established

How have sales gone?

The sponsor’s own numbers, with the caveat in Sales so far ↑.

Share of the offering sold at each Form D filing date, calculated by Top1031 from the filed amounts
0%50%100%3.5%99.1%Jul 9, 2025Mar 12, 20260%50%100%3.5%99.1%Jul 9, 2025Mar 12, 2026

How is it financed, and what did it cost to sell?

The Trust holds the property with mortgage debt alongside investor equity rather than owning it free and clear, so a lender's consent shapes any later sale or refinancing. Griffin Capital's investor presentation sets out the loan proceeds, the loan-to-offering-price ratio and an interest-only term. 1 No reviewed source names the lender.

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
$2,691,879 · 7.2% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$2,984,257 · 8.0% of offering
Form D Item 16
· The filing’s note: “Item 16 is an estimate of marketing and due diligence expenses, organizational and offering expenses, and financing fees that may accrue to one or more Related Persons.”
Broker-dealers named in the Form D
16 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Jun 24, 2025
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 does the SEC record show?

The issuer reported June 24, 2025 as its date of first sale, before Form D — the brief notice a private offering files with the SEC — reached EDGAR. 6 Amendments followed through the raise, each restating the amount sold as subscriptions arrived. Interests were offered privately, without general advertising, to accredited investors meeting SEC income or net-worth tests.

Legal Trust name
Griffin Capital (Heritage - Gonzales, LA) DST
SEC CIK
2074085
First Form D
Jul 9, 2025
Latest Form D
Mar 12, 2026
Filings on record
13
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D/A$37,129,367
$36,802,558+$220,500
101+1
EDGAR
Form D/A$37,129,367
$36,582,058+$3,742,480
100+7
EDGAR
Form D/A$37,129,367
$32,839,578+$6,711,070
93+17
EDGAR
Form D/A$37,129,367
$26,128,508+$2,328,428
76+8
EDGAR
Form D/A$37,129,367
$23,800,080+$8,775,071
68+21
EDGAR
Form D/A$37,129,367
$15,025,009+$748,880
47+3
EDGAR
Form D/A$37,129,367
$14,276,129+$1,761,374
44+8
EDGAR
Form D/A$37,129,367
$12,514,755+$1,945,667
36+8
EDGAR
Form D/A$37,129,367
$10,569,088+$4,151,455
28+9
EDGAR
Form D/A$37,129,367
$6,417,633+$540,000
19+4
EDGAR
Form D/A$37,129,367
$5,877,633+$3,211,945
15+9
EDGAR
Form D/A$37,129,367
$2,665,688+$1,358,460
6+3
EDGAR
Form D$37,129,367
$1,307,228
3
EDGAR
Show all 13 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

Can I still invest in The Oaks at Riverbend?
No new interests: The Oaks at Riverbend is reported fully subscribed. Top1031 lists it as recently fully subscribed and does not count it as an active offering.
When and from whom did Griffin Capital acquire The Oaks at Riverbend?
The Baton Rouge Business Report reported on May 27, 2025 that Griffin Capital had bought the 299-unit complex. That report does not establish the precise closing date or the price, and no recorded purchase price was found in the sources reviewed. The SEC record gives June 24, 2025 as the date of first sale of interests, but that is an offering milestone, not a property closing date. The offering documents are where acquisition terms are set out.
Who operates the apartments day to day?
Greystar, a national apartment operator, identifies itself as the professional manager of The Oaks at Riverbend. Griffin Capital's offering materials also describe a Master Lease structure, in which a master tenant owes rent to the Trust and engages the property manager; the master tenant's legal name was not established in the materials reviewed. DST investors have no operating role — the trustee, the master tenant and the sponsor control management decisions, and the offering documents name the operating parties and the terms of their agreements.
Is there debt on the property?
Yes. Griffin Capital's offering summary lists $28,285,000 of loan proceeds, and its investor presentation lists a 43.2% loan-to-offering-price ratio and a 10-year, interest-only loan term. Those figures sit against a sponsor-stated offering price of $65,414,367, which the sponsor defines as maximum equity offering plus loan proceeds rather than a recorded purchase price. The lender is not named in the SEC filings or in the materials reviewed, and these dated figures do not establish the debt outstanding today.
How full was the property around the time of the offering?
Griffin Capital reported property occupancy of 91.6% as of May 7, 2025. That is a historical snapshot taken before the raise launched, not a current reading; no later property-level occupancy figure appears in the public materials reviewed through October 1, 2026.
What does owning through a DST mean for my 1031 exchange?
A Delaware Statutory Trust holds title to the real estate and investors buy beneficial interests in the Trust. The IRS treats those interests as direct real property ownership for exchange purposes, so they can serve as replacement property. In return, investors give up control: they cannot force a sale or refinancing and have no say in leasing or capital decisions. This Trust is not recorded as structured for a 721/UPREIT exit — the alternative route in which a DST's property is later contributed to a REIT's operating partnership in exchange for REIT units.

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.