Groma FMW DST
Multifamily property — sponsored by Groma
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These links support the historical public record; individual details may come from different sources.
What is this, in one paragraph?
Groma FMW DST is a Delaware statutory trust — a structure that lets 1031 exchangers hold fractional interests in real estate — that bought two residential properties in Boston, Massachusetts on August 7, 2023.2 The offering is closed to new investors. A Groma-named master tenant leases the entire property under a master lease running to April 30, 2031.3
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?
The trust was created on July 11, 2023 and purchased two residential properties in Boston, Massachusetts on August 7, 2023.2 The public records reviewed do not disclose the street addresses, unit counts, or occupancy of those buildings. During 2023 the trust entered a $92,000 renovation construction agreement with an affiliate of its trustee, an amount still carried in property and equipment at December 31, 2025.3
Who is the tenant, and what's the lease?
Effective October 17, 2023 the trust leased the entire property to Groma CCP FMW Master Tenant, LLC under a master lease — one tenant entity holds the whole property, handles the residential leasing, and pays the trust rent — with an expiration date of April 30, 2031.3
How did it end?
Still operating
According to Groma NAV REIT's audited consolidated financial statements, Groma FMW DST sold 91.35% of its beneficial interest on 2023-11-01 for $2,411,946 plus the buyer's assumption of its share of debt, while NB still owned 8.65% of FMW at 2025-12-31 and FMW's Boston properties were subject to a master lease expiring 2031-04-30; this is continuing ownership/operation rather than a property sale or full-cycle exit.
SEC Form D filed Aug 17, 2023 by Groma NAV REIT Operating Partnership, LP; 506(c) offering for $2,700,000. Groma is a Boston-based multifamily sponsor; its DST offerings typically target multifamily assets in the Greater Boston area. No underlying property name, address, or third-party news coverage was identified for this specific trust.
How is it financed, and what does it pay?
Neither the Form D nor the sponsor audited statements reviewed disclose a lender, loan balance, or loan-to-value for this trust. The records do show debt exists: the November 1, 2023 transfer of beneficial interests included the buyer assuming its share of the trust's debt.3
Who's behind it?
Groma is a Boston-based multifamily sponsor; the Form D names Groma NAV REIT Operating Partnership, LP as executive officer, Groma NAV REIT, Inc. as its parent, and GromaCorp, Inc. as promoter of the offering.1 An entity identified as NB in the REIT's audited financials held all of the trust's beneficial interests until October 31, 2023; effective November 1, 2023 the trust sold 91.35% of them to an unrelated party for $2,411,946, and NB's stake stood at 8.65% at December 31, 2025.3
- Sponsor
- Groma
- May convert to a REIT
- No
- Offerings from this sponsor
- 0 active / 2 total offerings from Groma
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
Groma's SEC paperwork for this trust is a single notice filing with no amendments and no later disclosure of the underlying properties. It was placed privately with accredited investors — people meeting SEC income or net-worth tests — rather than by public advertising.
- Form D filedFirst and latest filing on record.
- Legal Trust name
- Groma FMW DST
- Filings on record
- 1
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- 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 Groma FMW DST?
Top1031 lists Groma FMW DST in the Historical cohort because its latest filing is outside the Active window. The outcome and source documents are shown separately.
Where does Top1031 get the data for Groma FMW DST?
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 Groma FMW DST?
No. The Trust is closed to new investors. Groma filed its Form D notice on August 17, 2023 and no amended or later filing appears on the SEC record for this trust as of September 2, 2026.
What property does the Trust own?
Two residential properties in Boston, Massachusetts, purchased on August 7, 2023 by the trust, which had been created on July 11, 2023. The public records reviewed do not disclose the street addresses, unit counts, or occupancy of the two buildings.
Who pays the rent?
Groma CCP FMW Master Tenant, LLC leases the entire property from the Trust under a master lease effective October 17, 2023 that expires April 30, 2031. In this structure the master tenant, not the individual residents, is the Trust's tenant of record, and it manages the residential leasing.
Does the Trust use mortgage debt?
The records reviewed do not state a lender, loan amount, or loan-to-value. They do indicate debt exists: when 91.35% of the Trust's beneficial interests were sold effective November 1, 2023, the buyer assumed its share of the Trust's debt.
Has the Trust reported a sale or other full-cycle outcome?
No outcome has been reported. The public records reviewed through September 2, 2026 show no disposition, refinancing, foreclosure, or distress event specific to this trust, and the sponsor data shows no REIT conversion or 721/UPREIT exit — the option to roll into an operating partnership for REIT shares — for this offering.