1400 Chestnut Apartments
Multifamily property in Chattanooga, TN · sponsored by Hamilton Zanze
1400 Chestnut Apartments was a DST sponsored by Hamilton Zanze that owned a multifamily property in Chattanooga, TN (200 units). Its last Form D was filed Mar 24, 2025.
How it ended
No outcome recorded · under 7 years
Last Form D filed Mar 24, 2025.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $40,719,982Equity offered, per the Form D
- Sold
- 46.7%Form D, Mar 24, 2025; the % is our arithmetic
- Investors reported
- Form D, Mar 24, 20251
- Selling commissions
- Form D Item 15; the % is our arithmetic$0 · 0.0% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.How it is financed ↓
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
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: 1400 Chestnut Apartments. Top1031 is not a broker-dealer.1400 Chestnut Apartments · Chattanooga, TN · Photo: mma.prnewswire.com
What did 1400 Chestnut Apartments own?
The community was built in 2017 and offers one- and two-bedroom apartment homes. 1 Hamilton Zanze sponsored the purchase, closed it on March 11, 2025, and handed day-to-day operations to its affiliate Mission Rock Residential. 1 Trade coverage of the deal placed the mid-rise community near the University of Tennessee at Chattanooga campus.
- Property address
- 1400 Chestnut Street, Chattanooga, TN
- Property size
- 200 units
How was it financed, and what did it cost to sell?
Neither the Form D nor Hamilton Zanze's acquisition announcement describes how the purchase was capitalized, so whether the Trust carries mortgage debt and on what terms is not established in the public record. Those terms would be set out in the offering documents.
Debt
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $0 · 0.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $1,310,656 · 3.2% of offeringForm D Item 16· The filing’s note: “Consists of amounts paid to affiliates of persons named in Item 3, including, $240,656 for Fin Fee, $945,000 for Prop Acquisition Fees; $105,000 for org and admin fees; $10,000 for Legal Acq Fee, and $10,000 for Prop Management, Due Dil and Training.”
- Broker-dealers named in the Form D
- None named in the Form D
- Date of first sale
- Mar 11, 2025
- 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.
Who's behind 1400 Chestnut Apartments?
Hamilton Zanze is a multifamily-focused real estate sponsor that runs its own management affiliate, Mission Rock Residential, which took over 1400 Chestnut at closing. 1 The firm announced its sponsorship of the acquisition on March 18, 2025, presenting the deal as a DST program offering. 1 Its Chattanooga purchase was one of several apartment deals the firm placed into Delaware statutory trusts.
- Sponsor
- Offerings on record
What does the SEC record show?
The paper trail is short by design: an initial Form D — the brief notice an issuer files with the SEC after its first sale of exempt securities — and no amendments since. Rule 506(b) bars general advertising, so the Trust may only be offered through existing relationships with the sponsor and its selling broker-dealers.
- Legal Trust name
- HZ Chestnut DST
- SEC CIK
- 2056753
- First Form D
- Mar 24, 2025
- Latest Form D
- Mar 24, 2025
- Filings on record
- 1
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $40,719,982 | $19,049,982 | 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 1400 Chestnut Apartments?
- 1400 Chestnut Apartments is a Historical offering. Last Form D filed Mar 24, 2025.
- What exactly am I buying in this Trust?
- A beneficial interest in HZ Chestnut DST, a Delaware statutory trust that holds 1400 Chestnut Apartments, a 200-unit apartment community at 1400 Chestnut Street in Chattanooga, Tennessee. A DST interest is treated as direct ownership of real property for Section 1031 purposes, which is why exchangers use it as replacement property. You do not get a deed or any management control; the trustee and sponsor run the asset.
- Who operates the property day to day?
- Mission Rock Residential, an affiliate of Hamilton Zanze, assumed management of the community when the acquisition closed on March 11, 2025. Investors in the Trust do not lease units, hire staff, or make operating decisions.
- Does this Trust have a 721/UPREIT exit?
- The record does not indicate one. A 721 or UPREIT exit is a structure in which the property is eventually contributed to a REIT's operating partnership in exchange for units, converting a real estate interest into a REIT-linked one. Nothing in the SEC filing or sponsor materials reviewed describes that path for this Trust; the offering documents are the controlling documents on exit mechanics.
- Who can invest, and how is the offering marketed?
- It is offered under Rule 506(b), the private-placement exemption that prohibits general solicitation and advertising. In practice that means the Trust is presented only to accredited investors — those meeting SEC income or net-worth thresholds — through pre-existing relationships with the sponsor or its selling broker-dealers, not through public listings.
- What is not disclosed in the public record?
- The purchase price, any mortgage balance or loan-to-value, occupancy, projected distributions, and the expected hold period do not appear in the Form D or in the sponsor's public announcement. Those figures, where they exist, live in the offering documents and sponsor offering materials.
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.