Fairways on Green Valley
Multifamily property in Henderson, Nevada · sponsored by Hamilton Zanze
Active offeringLatest Form D filed Mar 31, 2026 (opens in a new tab)
Fairways on Green Valley is a DST sponsored by Hamilton Zanze that owns a multifamily property in Henderson, Nevada. Its latest Form D, filed Mar 31, 2026, lists a $71.2 million offering.
Key facts
- Minimum investment
- Not in the Form DFrom the Form D
- Offering size
- $71,230,000Equity offered, per the Form D
- Sold so far
- Form D, Mar 31, 2026; the % is our arithmetic48.3%
- Investors reported
- Form D, Mar 31, 20262
- Selling commissions
- Form D Item 15; the % is our arithmetic$0 · 0.0% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.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 →
Sales so far
- Latest Form D
- Mar 31, 2026 · 1 filing
- First sale
- Mar 17, 2026
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
- Amount sold
- $34,431,638
- Not yet sold
- $36,798,362
- Investors
- 2
Calculated by Top1031 from the Form D filings, not stated by the sponsor:
48.3% of $71,230,000 sold, calculated by Top1031 from the Form D
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Ask a 1031 specialist about this recordFree. About: Fairways on Green Valley. Top1031 is not a broker-dealer.Fairways on Green Valley · Henderson, Nevada · Photo: apollostore.blob.core.windows.net
What does Fairways on Green Valley own?
Built in 1990, the community changed hands in February 2026. Hamilton Zanze said its sponsored acquisition from Waterton closed February 19, 2026. 1 Multi-Housing News, citing Yardi Matrix transaction data, reported the price at $75 million. 2 Clark County assessor records, dated February 19, 2026, name HZ Fairways DST as owner of parcel 178-18-512-001. 3
- Property address
- 1851 N Green Valley Parkway, Henderson, Nevada
- Property size
- 320-unit community; 725 to 1,035 square feet
How have sales gone?
The Form D record has one sales figure so far, so there is no trend to chart. The figure is in Sales so far ↑.
How is it financed, and what did it cost to sell?
The Trust holds the property with mortgage debt rather than owning it free and clear, so lender terms and any future refinancing sit alongside operating results. Multi-Housing News, citing Yardi Matrix, reported a $47.1 million Freddie Mac loan financed the February 2026 purchase. 2
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $0 · 0.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $2,005,096 · 2.8% of offeringForm D Item 16· The filing’s note: “Consists of amounts paid to affiliates of persons named in Item 3, Including, $377,096 for Fin Fee, $1,500,000 for Prop Acqu Fees, $105,000 for org and admin fees, $10,000 for Legal Acquistion Fee, and $13,000 for Property Man, due dil and training fee”
- Broker-dealers named in the Form D
- None named in the Form D
- Date of first sale
- Mar 17, 2026
- Minimum investment
- Not in the Form D
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 Fairways on Green Valley?
Hamilton Zanze is a multifamily investment firm that buys apartment communities and operates them through an affiliated property manager, Mission Rock Residential. 1 It announced this Henderson sponsorship on February 24, 2026, and Mission Rock announced its management assignment the following day. The Form D names HZ Fairways DST Manager, LLC as the Trust's manager. 4
- Sponsor
- Offerings on record
What does the SEC record show?
A Form D is the short notice an issuer files for a private placement instead of registering the offering publicly. This one gives March 17, 2026 as the first sale date and discloses $2,005,096 of proceeds paid or proposed to be paid to affiliates, including a $1,500,000 property-acquisition fee. 4
- Legal Trust name
- HZ Fairways DST
- SEC CIK
- 2114649
- First Form D
- Mar 31, 2026
- Latest Form D
- Mar 31, 2026
- 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 | $71,230,000 | $34,431,638 | 2 | 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
- Is Fairways on Green Valley an active offering?
- Fairways on Green Valley is an Active offering: its latest Form D was filed Mar 31, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
- What does this Trust actually own?
- A single asset: the Fairways on Green Valley apartment community at 1851 N Green Valley Parkway in Henderson, Nevada — 320 units built in 1990, sized 725 to 1,035 square feet. Hamilton Zanze said its sponsored acquisition from Waterton closed February 19, 2026, and Clark County assessor records dated that day list HZ Fairways DST as owner of parcel 178-18-512-001.
- Is there a tenant with a long-term lease?
- No. This is apartments, not net-lease real estate, so revenue comes from many short-term residential leases that renew or turn over through the year. Multi-Housing News, citing Yardi Matrix, reported 92% occupancy at the time of its February 24, 2026 coverage — a transaction-period figure, not a current one. No rent roll, later verified occupancy figure, or master-lease arrangement was located in the public record as of September 30, 2026; those are matters for the offering documents.
- Who runs the property day to day?
- Mission Rock Residential, which Hamilton Zanze identifies as its affiliate, assumed management after the February 2026 closing; a PR Newswire release dated February 25, 2026 announced the assignment. Because the manager is a sponsor affiliate, the management fee, contract term, and any termination rights are read in the offering documents rather than inferred from SEC filings.
- Is the Trust leveraged, and who is the lender?
- Yes, the property carries mortgage debt. Multi-Housing News, citing Yardi Matrix, reported a $47.1 million Freddie Mac loan on the February 2026 purchase from Waterton. The Form D itself states no loan balance or leverage figure, and rate, maturity, amortization, and any extension or supplemental-loan options are not established in the public record — they need confirmation in the offering documents.
- Could this end in a 721/UPREIT roll-up into a REIT?
- Our data shows no 721 or UPREIT feature for this Trust — meaning investors are not slated to exchange their interests for operating-partnership units in a REIT at the end of the hold. Any exit, including a future sale of the property, is governed by the offering documents and the trust agreement.
- What do the SEC filings show about the offering?
- One Form D is on record for HZ Fairways DST, filed March 31, 2026 under CIK 2114649. It reports a $71,230,000 total offering split equally between Class A and Class B units at $35,615,000 each, with sales reported to date entirely in Class B units. It gives March 17, 2026 as the first sale date, names HZ Fairways DST Manager, LLC as manager, and discloses $2,005,096 of proceeds paid or proposed to be paid to affiliates, including a $1,500,000 property-acquisition fee. It is offered under Rule 506(b), the private-placement exemption that bars general advertising. A Form D is a point-in-time snapshot, not a live availability feed, so current availability has to be confirmed with the sponsor or the selling broker-dealer.
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.