Casa Bandera Apartments
Multifamily property in Las Cruces, NM · sponsored by Hamilton Point Investments
Casa Bandera Apartments was a DST sponsored by Hamilton Point Investments that owned a multifamily property in Las Cruces, NM (232 units). Its last Form D, filed Jul 29, 2025, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Jul 29, 2025, reports the offering fully sold.
Hamilton Point Investments has 1 active offering on record →
Key facts
- Minimum investment
- $200,000From the Form D
- Offering size
- $20,732,787Equity offered, per the Form D
- Sold
- 100%Form D, Jul 29, 2025; the % is our arithmetic
- Investors reported
- Form D, Jul 29, 202550
- Selling commissions
- Form D Item 15; the % is our arithmetic$1,451,295 · 6.9% 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: Casa Bandera Apartments. Top1031 is not a broker-dealer.What did Casa Bandera Apartments own?
Hamilton Point Investments had managed Casa Bandera since 2020, well before placing it into this Trust. 2 The sponsor reported an acquisition cost of $34.3 million for the property. 1 The community sits directly adjacent to New Mexico State University, whose campus enrolls roughly 15,000 students, anchoring the surrounding rental market. 1
- Property address
- 855 East University Avenue, Las Cruces, NM
- Property size
- 232 units
How was it financed, and what did it cost to sell?
The Trust was capitalized with investor equity alongside mortgage debt, per the sponsor's announcement of the completed raise. 1 The Form D filings name no lender and disclose no loan terms — those sit in the offering documents.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $1,451,295 · 6.9% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $1,153,577 · 5.5% of offeringForm D Item 16· The filing’s note: “Item 16 is an estimate of offering expenses and acquisition/facilitation fees that may accrue to one or more Related Persons.”
- Broker-dealers named in the Form D
- 11 named in the Form D
Show the firms
- Arete Wealth Management, LLC · CRD 44856
- Chauner Securities, Inc. · CRD 10075
- Concorde Investment Services, LLC · CRD 151604
- DAI Securities, LLC · CRD 36673
- DFPG Investments, LLC · CRD 155576
- Emerson Equity LLC · CRD 130032
- FNEX Capital, LLC · CRD 166316
- Great Point Capital LLC · CRD 114203
- Madison Avenue Securities, LLC · CRD 23224
- Realta Equities, Inc. · CRD 23769
- World Investments, LLC · CRD 20626
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jun 11, 2025
- Minimum investment
- $200,000
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.
Who's behind Casa Bandera Apartments?
Hamilton Point Investments is a private real estate sponsor that assembles multifamily properties into 1031-eligible DST offerings. 2 An affiliate, Hamilton Point Property Management, runs day-to-day operations at Casa Bandera. 3 The firm announced the Bandera offering on April 24, 2025, and reported it fully subscribed two months later, on June 24, 2025. 1
- Sponsor
- Offerings on record
What does the SEC record show?
The first Form D — the brief notice an issuer files with the SEC for a private offering — arrived after sales were already well advanced, and three amendments followed within roughly five weeks, each updating the running sales tally. The offering could be advertised publicly, but purchases were limited to investors whose accredited status was verified.
- Legal Trust name
- HPI Bandera DST
- SEC CIK
- 2069181
- First Form D
- Jun 26, 2025
- Latest Form D
- Jul 29, 2025
- Filings on record
- 4
- 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/A | $20,732,787 | $20,732,787+$388,000 | 50+2 | EDGAR | |
| Form D/A | $20,732,787 | $20,344,787+$340,000 | 48+2 | EDGAR | |
| Form D/A | $20,732,787 | $20,004,787+$4,621,776 | 46+7 | EDGAR | |
| Form D | $20,732,787 | $15,383,011 | 39 | 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 Casa Bandera Apartments?
- Casa Bandera Apartments is a Historical offering. The last Form D, filed Jul 29, 2025, reports the offering fully sold.
- What was the minimum investment?
- The Form D/A filed July 29, 2025 reports a minimum investment of $200,000 per investor. That is the filed minimum; the offering documents govern the actual terms and any sponsor discretion to accept less.
- Does this Trust convert into a REIT through a 721 exchange?
- No REIT conversion is indicated in the record. A 721 or UPREIT exit is a structure where DST investors eventually swap their interest for operating-partnership units in a REIT; nothing in the filings or sponsor coverage for HPI Bandera DST describes that path here.
- What exactly does the Trust own?
- A single asset: Casa Bandera Apartments, a 232-unit market-rate apartment community at 855 East University Avenue in Las Cruces, New Mexico, adjacent to New Mexico State University. Hamilton Point had managed the property since 2020 before the DST offering.
- How is the property financed, and what are the loan terms?
- Hamilton Point described the offering as using mortgage debt alongside investor equity, but Form D filings do not disclose lender identity, loan amount, rate, or maturity. Those terms — plus reserves and any lender covenants — are set out in the offering documents.
In the news
Sources
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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.