Farmhouse at Easley
Multifamily property in Easley, SC · sponsored by Hamilton Point Investments
Farmhouse at Easley was a DST sponsored by Hamilton Point Investments that owned a multifamily property in Easley, SC (224 units). Its last Form D, filed Sep 15, 2026, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Sep 15, 2026, 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
- $28,848,598Equity offered, per the Form D
- Sold
- 100%Form D, Sep 15, 2026; the % is our arithmetic
- Investors reported
- Form D, Sep 15, 202685
- Selling commissions
- Form D Item 15; the % is our arithmetic$2,019,402 · 7.0% 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: Farmhouse at Easley. Top1031 is not a broker-dealer.Farmhouse at Easley · Easley, SC · Photo: hamiltonptinv.com
What did Farmhouse at Easley own?
The community was built in 2023 and comprises 88 one-bedroom, 112 two-bedroom and 24 three-bedroom apartments on roughly 16.01 acres. 1 CoStar reported on March 27, 2024 that Farmhouse at Easley sold for $40.35 million during its early lease-up phase, at less than 40% occupancy; that report names neither buyer nor seller. 2 The sponsor's February 2026 brochure states an acquisition cost of $46,000,000 and, as of that date, a binding agreement to acquire the property rather than completed ownership. 1
- Property address
- 105 Stewart Dr, Easley, SC
- Property size
- 224 units
How was it financed, and what did it cost to sell?
Leveraged means the Trust carries mortgage debt that ranks ahead of investor equity and must be repaid or refinanced when it matures. The sponsor's February 2026 brochure contemplated a $23,000,000 first mortgage with full-term interest-only payments, so principal would not amortize during the loan. 1 No lender is named in the Form D filings or the coverage reviewed.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $2,019,402 · 7.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $1,453,487 · 5.0% 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
- 10 named in the Form D
Show the firms
- Arkadios Capital · CRD 282710
- 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
- Lodas Securities, LLC · CRD 313056
- Realta Equities, Inc. · CRD 23769
- World Investments, LLC · CRD 20626
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Mar 6, 2026
- 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 Farmhouse at Easley?
Hamilton Point Investments is an apartment sponsor with a long-running private-placement program. Trade coverage at the January 2026 launch reported the firm had acquired more than 35,000 apartment units across prior equity programs, and that this was its tenth DST — all of them fully subscribed since 2012. On August 6, 2026, AltsWire reported the sponsor launched a $27.9 million DST for a 312-unit Ohio apartment community. A related issuer filing was signed by Managing Principal John David Kelsey on June 12, 2026. 3
- Sponsor
- Sponsor entity in the Form D
- Hamilton Point Investments LLC
- Manager and signatory trustee
- HPI Farmhouse Trust Manager LLC
- Depositor
- HPI Farmhouse Depositor LLC
- Offerings on record
What does the SEC record show?
The Trust's Form D — the brief notice an issuer files with the SEC for a private placement — has been followed by a run of amendments that updated subscription progress rather than changing the offering's terms. Because a Rule 506(c) offering may be advertised publicly, the sponsor must affirmatively verify each buyer's accredited status rather than accept self-certification.
- Legal Trust name
- HPI Farmhouse DST
- SEC CIK
- 2107632
- First Form D
- Mar 20, 2026
- Latest Form D
- Sep 15, 2026
- Filings on record
- 9
- 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 | $28,848,598 | $28,848,598+$2,176,606 | 85+3 | EDGAR | |
| Form D/A | $28,848,598 | $26,671,992+$3,091,953 | 82+4 | EDGAR | |
| Form D/A | $28,848,598 | $23,580,039+$760,387 | 78+3 | EDGAR | |
| Form D/A | $28,848,598 | $22,819,652+$3,004,129 | 75+13 | EDGAR | |
| Form D/A | $28,848,598 | $19,815,523+$3,869,899 | 62+15 | EDGAR | |
| Form D/A | $28,848,598 | $15,945,624+$1,652,477 | 47+8 | EDGAR | |
| Form D/A | $28,848,598 | $14,293,147+$3,400,434 | 39+13 | EDGAR | |
| Form D/A | $28,848,598 | $10,892,713+$1,203,899 | 26+4 | EDGAR | |
| Form D | $28,848,598 | $9,688,814 | 22 | EDGAR |
Show all 9 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
- What happened to Farmhouse at Easley?
- Farmhouse at Easley is a Historical offering. The last Form D, filed Sep 15, 2026, reports the offering fully sold.
- Who is the tenant, and who operates the property?
- There is no single corporate tenant. This is a 224-unit apartment community, so revenue comes from many household leases rather than one long-term corporate lease, which means occupancy and rent levels can move every year. Hamilton Point Property Management, LLC has managed the property since May 2023 and, per the sponsor's February 2026 brochure, is to continue. That brochure reports 95.96% physical occupancy as of December 2025 and 95% average occupancy over the trailing twelve months through December 2025.
- What did the Trust pay for the property?
- The sponsor's February 2026 brochure states an acquisition cost of $46,000,000, or $205,357 per unit and $186 per square foot, and describes the DST as holding a binding agreement to acquire the property rather than owning it at that time. Separately, CoStar reported on March 27, 2024 that Farmhouse at Easley sold for $40.35 million, or $180,134 per unit, during early lease-up; that article does not identify the buyer or the seller, so it cannot be treated as the Trust's own purchase. This directory does not reconcile the two figures — the controlling numbers are in the offering documents and the closing documents.
- What is the minimum investment, and who can buy in?
- The Form D record states a $200,000 minimum. The Trust is offered under Rule 506(c), meaning it may be advertised publicly but sales are limited to accredited investors — people meeting SEC income or net-worth tests — whose status the sponsor must affirmatively verify, typically with tax returns, brokerage statements, or a letter from a CPA or attorney.
- Is there a REIT or 721/UPREIT exit?
- No. The record for this Trust shows no REIT conversion feature, so there is no indication of a 721 exchange — the transaction in which a DST's property is contributed to a REIT's operating partnership in exchange for units. The exit contemplated is a sale of the property; the offering documents' disposition sections describe what the sponsor has actually committed to.
- Why do I see two different street addresses for this property?
- Sponsor and property materials give the address as 105 Gettys Lane, Easley, South Carolina 29640, while third-party listings and this directory's record show 105 Stewart Drive. Research reviewed on September 15, 2026 treats these as the same 224-unit community, not two assets. The address of record for the Trust is the one in the offering documents and the deed.
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.