Top1031

865 Bellevue Apartments

Multifamily property in Nashville, TN · sponsored by Hamilton Zanze

Historical · soldSold Dec 2022, as reported by Hamilton Zanze · last Form D Dec 22, 2022Sponsor source (opens in a new tab)

865 Bellevue Apartments was a DST sponsored by Hamilton Zanze that owned a multifamily property in Nashville, TN (326 units). Hamilton Zanze sold the property in Dec 2022, as reported by the sponsor.

How it ended

Sold, result reported by others, not by the sponsor

Sold Dec 2022.

Total return
156.0% as reported by the sponsor
Date
Dec 22, 2022
Held
3.0 years

Sponsor document (opens in a new tab)

Hamilton Zanze has 4 active offerings on record →

Key facts

Minimum investment
$25,000
From the Form D
Offering size
$40,554,000
Equity offered, per the Form D
Sold
65.0%
Form D, Dec 22, 2022; the % is our arithmetic
Investors reported
8
Form D, Dec 22, 2022
Selling commissions
$0 · 0.0% of offering
Form D Item 15; the % is our arithmetic
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 →

Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.

Ask a 1031 specialist about this recordFree. About: 865 Bellevue Apartments. Top1031 is not a broker-dealer.

What did 865 Bellevue Apartments own?

865 Bellevue is a garden-style apartment community at 865 Bellevue Road in southwest Nashville. 1 Aimco sold the property in 2019, with public records showing a price of $56.7 million. 2 Hamilton Zanze and Cantor Fitzgerald bought it in April 2019 together with a second Nashville community, Post Ridge, for $80.2 million combined. 3 Mission Rock Residential lists itself as the property's manager today. 1

Reported location
Nashville, TN
Property size
326 units

How was it financed, and what did it cost to sell?

The Form D discloses no debt terms for this Trust, and it names no lender. At the 2019 acquisition, KeyBank arranged Fannie Mae mortgage financing for the joint venture that bought the property. 3

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
$1,961,165 · 4.8% of offering
Form D Item 16
· The filing’s note: “Consists of amounts paid to affiliates of persons named in Item 3, including $276,165 for Fin Fee, $1,540,000 for Prop Acq Fees, $125,000 for Org and Offering Fees, $10,000 for Legal Acq Fee, and $10,000 for Prop Mngmnt Due Dil and Training Fee.”
Broker-dealers named in the Form D
None named in the Form D
Date of first sale
Dec 16, 2022
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.

What does the SEC record show?

One Form D exists for this Trust, and it was never amended. It reports a first sale on December 16, 2022, six days before the filing date. 5 The interests were placed privately with accredited investors — people meeting SEC income or net-worth tests — rather than publicly advertised.

Legal Trust name
HZ Bellevue DST
SEC CIK
1952206
First Form D
Dec 22, 2022
Latest Form D
Dec 22, 2022
Filings on record
1
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D$40,554,000
$26,367,298
8
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 865 Bellevue Apartments?
865 Bellevue Apartments is a Historical offering. Sold Dec 2022, as reported by Hamilton Zanze.
Who owns and manages 865 Bellevue Apartments now?
The current property page identifies Mission Rock Residential as the manager of 865 Bellevue Apartments at 865 Bellevue Rd, Nashville, TN 37221. Post-sale ownership is not confirmed by any public record located in research, and the property page does not name an owner.
Are there legal matters involving this Trust?
On May 23, 2025, The White Law Group, an investor-rights firm, published an investor alert soliciting complaints from investors in HZ Rivertop DST that referenced related Hamilton Zanze programs, including HZ Bellevue DST and HZ Crestone DST. An attorney solicitation is not a court filing or a finding of wrongdoing. No primary-record evidence of litigation, foreclosure, or distress involving this Trust was located.

In the news

Sources

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These links support the record as a whole; individual details may come from different sources.

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.