Groma Boston Multifamily Portfolio (Charlestown, Boston)
Multifamily property in Boston (Charlestown), MA · sponsored by Groma
Groma Boston Multifamily Portfolio (Charlestown, Boston) was a DST sponsored by Groma that owned a multifamily property in Boston (Charlestown), MA. Its last Form D was filed Oct 1, 2024.
How it ended
No outcome recorded · under 7 years
Last Form D filed Oct 1, 2024.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $3,230,000Equity offered, per the Form D
- Sold
- 3.7%Form D, Oct 1, 2024; the % is our arithmetic
- Investors reported
- Form D, Oct 1, 20241
- Selling commissions
- Form D Item 15; the % is our arithmetic$0 · 0.0% 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: Groma Boston Multifamily Portfolio (Charlestown, Boston). Top1031 is not a broker-dealer.What did the Trust own?
Groma bought four contiguous multifamily buildings at 19–21, 23 and 25–27 Caldwell Street in Charlestown in February 2024 for $6.25 million, a short walk from the Sullivan Square MBTA station. On October 1, 2024, Groma NAV REIT NB, LLC created the Trust and contributed the Charlestown properties to it. 2 At the March 14, 2024 launch of the offering, Groma reported the portfolio was 100% occupied. 3
- Reported location
- Boston (Charlestown), MA
- Property size
- 10 units across 4 buildings
How was it financed, and what did it cost to sell?
The Trust's buildings carry mortgage debt rather than being owned free and clear, so investor equity sits behind a lender's claim. Needham Bank provided $3.55 million of financing when Groma acquired the buildings in February 2024. The public record reviewed does not show the loan's current balance or terms.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $0 · 0.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $0 · 0.0% of offeringForm D Item 16
- Broker-dealers named in the Form D
- None named in the Form D
- Date of first sale
- Oct 1, 2024
- Minimum investment
- $100,000
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.
Who's behind the Trust?
Groma packages small multifamily buildings in Boston neighborhoods into investment vehicles; the sponsor entity named on this Trust is Groma NAV REIT Operating Partnership, LP. GromaCorp, Inc. is listed as a promoter of the Trust in the Form D. 1 This was Groma's third Boston-based DST program when it launched on March 14, 2024. 3 Two weeks later, on March 28, 2024, the firm announced a separate closed-end vehicle, Boston Fund II LLC.
- Sponsor
- Offerings on record
What does the SEC record show?
A single Form D covers this offering, and no amendment or later filing for the Trust turned up in the reviewed record. Paul Bell signed that filing as Treasurer and Secretary on the stated date of first sale. 1 The exemption used allows the offering to be marketed publicly, but every purchaser's accredited status must be verified.
- Legal Trust name
- Groma III DST
- SEC CIK
- 2033554
- First Form D
- Oct 1, 2024
- Latest Form D
- Oct 1, 2024
- 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 | $3,230,000 | $122,135 | 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
- What happened to Groma Boston Multifamily Portfolio (Charlestown, Boston)?
- Groma Boston Multifamily Portfolio (Charlestown, Boston) is a Historical offering. Last Form D filed Oct 1, 2024.
- What does Groma III DST actually own?
- Four contiguous multifamily buildings at 19–21, 23 and 25–27 Caldwell Street in the Charlestown neighborhood of Boston, near the Sullivan Square MBTA station. Groma acquired them in February 2024 for $6.25 million and contributed them to the Trust on October 1, 2024.
- Who occupies the buildings?
- They are residential apartments leased to individual residents rather than a single corporate tenant. Groma NAV REIT's financial statement notes describe the Trust leasing the properties to a master-tenant entity under an operating lease; that entity is not named in the excerpt reviewed, and no current occupancy figure is established. Groma reported the portfolio as 100% occupied at the March 14, 2024 launch.
- Is there debt on the property?
- Yes. The Trust is a leveraged offering. Needham Bank provided $3.55 million of financing at the February 2024 acquisition of the buildings. The current loan balance, rate, and maturity are not established in the public record reviewed.
- Can this Trust convert into REIT shares through a 721 exchange?
- The record does not show a 721/UPREIT exit — that is, an option to contribute the property into a REIT's operating partnership in exchange for REIT units at the end of the hold. Investors relying on any exit mechanic should confirm it in the offering documents.
- What is not known about this offering?
- No amendment, new Form D, or disposition filing for the Trust was located after the October 1, 2024 filing, so current status, occupancy, master lease terms, and current debt balance are not established. The offering's own offering documents and the sponsor are the sources for those items.
In the news
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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.