Top1031

Union Berkley Riverfront

Multifamily property in Kansas City, MO · sponsored by Griffin Capital

Active offeringLatest Form D filed Oct 9, 2026 · 15 filings since Jan 23, 2026 (opens in a new tab)

Union Berkley Riverfront is a DST sponsored by Griffin Capital that owns a multifamily property in Kansas City, MO (407 units). Its latest Form D, filed Oct 9, 2026, lists a $59.8 million offering with a $25,000 minimum.

Key facts

Minimum investment
$25,000
From the Form D
Offering size
$59,873,419
Equity offered, per the Form D
Sold so far
99.3%
Form D, Oct 9, 2026; the % is our arithmetic
Investors reported
159
Form D, Oct 9, 2026
Selling commissions
$5,089,241 · 8.5% of offering
Form D Item 15; the % is our arithmetic
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.
Sponsor buyout right
No
Offering documents, Dec 2025 · Deal terms ↓

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
Oct 9, 2026 · 15 filings
First sale
Jan 8, 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.

How we work out how much has sold

We divide the amount the sponsor reports sold by the offering size in its latest SEC filing, filed Oct 9, 2026.

  • The sponsor reports these amounts itself, and can amend them later.
  • A filing can be behind what has actually sold. It does not confirm that interests are still available.
  • The amount left to sell is the offering size minus the amount sold.
Amount sold
$59,500,481
Not yet sold
$372,938
Investors
159

Calculated by Top1031 from the Form D filings, not stated by the sponsor:

99.3% of $59,873,419 sold, calculated by Top1031 from the Form D

Average since first sale
about $6.6 million a month
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Ask a 1031 specialist about this recordFree. About: Union Berkley Riverfront. Top1031 is not a broker-dealer.
Union Berkley Riverfront image

Union Berkley Riverfront · Kansas City, MO · Photo: willowbridgepc.com

Location map1000 Berkley Pkwy, Kansas City, MOAddress matched to a cited source

What does Union Berkley Riverfront own?

The community sits in Kansas City's Berkley Riverfront district along the Missouri River and was built in 2018. Griffin Capital announced on January 7, 2026 that it had acquired it from Buckingham Companies. 4 A broker's summary puts the purchase price at $113.5 million and describes the Trust's interest as a leasehold under a 99-year Port Authority of Kansas City ground lease, with the first 40 years prepaid. 1

Property address
1000 Berkley Pkwy, Kansas City, MO
Property size
407 units

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%1.8%99.3%Jan 23, 2026Oct 9, 20260%50%100%1.8%99.3%Jan 23, 2026Oct 9, 2026

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

Mortgage debt funded part of the purchase alongside investor equity. Griffin Capital's investor presentation describes a loan that is interest-only for its full term, meaning no principal is paid down and the whole balance comes due at maturity, when the property must be sold or refinanced. 2

Debt

Financing
Leveraged. This offering reports mortgage debt on the property.
May convert to a REIT (721)
See Deal terms ↓

Costs and terms from the Form D

Selling commissions
$5,089,241 · 8.5% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$3,491,880 · 5.8% 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
22 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Jan 8, 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 (Dec 2025).

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

What does the SEC record show?

The initial Form D, the notice an exempt offering files with the SEC, reported a first sale on January 8, 2026. 5 Later amendments updated the filing without changing the offering's size. Rule 506(c) permits general advertising if the sponsor verifies each buyer is accredited.

Legal Trust name
Griffin Capital (Union - Kansas City, MO) DST
SEC CIK
2104228
First Form D
Jan 23, 2026
Latest Form D
Oct 9, 2026
Filings on record
15
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/A$59,873,419
$59,500,481+$464,967
159+2
EDGAR
Form D/A$59,873,419
$59,035,514+$7,675,174
157+24
EDGAR
Form D/A$59,873,419
$51,360,340+$2,890,085
133+11
EDGAR
Form D/A$59,873,419
$48,470,255+$4,059,680
122+13
EDGAR
Form D/A$59,873,419
$44,410,575+$2,203,749
109+8
EDGAR
Form D/A$59,873,419
$42,206,826+$4,502,778
101+15
EDGAR
Form D/A$59,873,419
$37,704,048+$998,781
86+5
EDGAR
Form D/A$59,873,419
$36,705,267+$1,385,685
81+6
EDGAR
Form D/A$59,873,419
$35,319,582+$2,806,313
75+12
EDGAR
Form D/A$59,873,419
$32,513,269+$6,945,699
63+16
EDGAR
Form D/A$59,873,419
$25,567,570+$2,261,503
47+6
EDGAR
Form D/A$59,873,419
$23,306,067+$7,164,539
41+15
EDGAR
Form D/A$59,873,419
$16,141,528+$5,347,148
26+10
EDGAR
Form D/A$59,873,419
$10,794,380+$9,714,474
16+13
EDGAR
Form D$59,873,419
$1,079,906
3
EDGAR
Show all 15 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

Is Union Berkley Riverfront an active offering?
Union Berkley Riverfront is an Active offering: its latest Form D was filed Oct 9, 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 own?
An apartment community built in 2018 at 1000 Berkley Parkway in Kansas City, Missouri, known as Union Berkley Riverfront. A Baker 1031 offering summary describes the Trust's interest as a leasehold under a 99-year ground lease from the Port Authority of Kansas City, with a nominal term to 2115 and the first 40 years prepaid; that is a broker summary rather than the ground lease document. A leasehold means the Trust owns the improvements and the right to use the land for the lease term rather than the land itself.
Who pays the rent?
Residents on ordinary apartment leases. Baker 1031's summary says the Trust master-leases the property to an affiliate, Griffin - Union - Kansas City, MO Master Tenant, LLC, which subleases units to residents, the arrangement that keeps the Trust itself passive. The property's own website names Willow Bridge Property Company as its professional manager.
How is the property financed?
With mortgage debt alongside investor equity. Griffin Capital's investor presentation lists a $70,551,000 loan together with a $59,873,419 maximum equity offering, for a $130,424,419 total offering price, and describes the loan as interest-only over a 10-year term. Interest-only means no principal is repaid during the term, so the full balance is due at maturity, when the property would be sold or refinanced.
Who is the sponsor?
Griffin Capital, acting through Griffin Capital Institutional Property Exchange, LLC, the entity that sponsors its 1031 exchange trusts. Griffin Capital announced the acquisition of Union Berkley Riverfront on January 7, 2026, buying from Buckingham Companies, and AltsWire reported the price at $113.5 million.
What does holding a DST interest do in a 1031 exchange?
A Delaware statutory trust holds title to the real estate and issues beneficial interests that the IRS treats as like-kind replacement property. That lets an exchanger meet the 45-day identification and 180-day closing deadlines without buying an entire building. The interest is passive: holders cannot direct leasing, refinancing or the timing of a sale.
How could this investment end?
Through a sale or a refinancing of the property. This Trust is not structured for a 721 exchange, the route some sponsors use to swap DST interests for operating partnership units in a REIT, and no REIT conversion is contemplated. Because Griffin Capital's presentation describes the loan as interest-only, the full principal is outstanding at maturity, a point at which the property would be sold or refinanced.

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.