Top1031

HZ Cantare DST

Multifamily property in Hendersonville, TN · sponsored by Hamilton Zanze

HistoricalLast Form D filed Oct 19, 2023 (opens in a new tab)

HZ Cantare DST was a DST sponsored by Hamilton Zanze that owned a multifamily property in Hendersonville, TN. Its last Form D was filed Oct 19, 2023.

How it ended

No outcome recorded · under 7 years

Last Form D filed Oct 19, 2023.

Hamilton Zanze has 4 active offerings on record →

Key facts

Minimum investment
$25,000
From the Form D
Offering size
$66,440,000
Equity offered, per the Form D
Sold
53.7%
Form D, Oct 19, 2023; the % is our arithmetic
Investors reported
8
Form D, Oct 19, 2023
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 →

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Ask a 1031 specialist about this recordFree. About: HZ Cantare DST. Top1031 is not a broker-dealer.

What did HZ Cantare DST own?

The Trust's asset is Cantare at Indian Lake Village, an apartment community at 120 Cinema Dr in Hendersonville, Tennessee. 3 The Form D was filed as the Trust took title to that property. 2 Secondary listing data describes a three-story, 206-unit community built in 2013 — figures that come from a rental listing rather than a primary record, and that offering documents would confirm. 4

Reported location
Hendersonville, TN

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

Nothing in the public record, the Form D included, names a lender, states a mortgage balance, or establishes whether the Trust used debt at all. The offering documents are where those terms would be set out.

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
$1,496,880 · 2.2% of offering
Form D Item 16
· The filing’s note: “Consists of amounts paid to affiliates of persons named in Item 3, including, $244,080 for Fin Fee, $1,141,300 for Prop Acq Fees, $91,500 for Org and Offering Fees, $10,000 for Legal Acq Fee, and $10,000 for Property Mngmt Due Dil and Training Fee.”
Broker-dealers named in the Form D
None named in the Form D
Date of first sale
Oct 13, 2023
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?

No amendment has followed the original notice, so the public record of this offering has stood unchanged since it was filed. It is offered under Rule 506(b), which bars general advertising and limits purchasers to accredited investors the sponsor or its selling group already knows. The Form D divides interests into Class A and Class B. 1

Legal Trust name
HZ Cantare DST
SEC CIK
1987888
First Form D
Oct 19, 2023
Latest Form D
Oct 19, 2023
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$66,440,000
$35,693,928
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 HZ Cantare DST?
HZ Cantare DST is a Historical offering. Last Form D filed Oct 19, 2023.
What property sits inside HZ Cantare DST?
Cantare at Indian Lake Village, a multifamily rental community at 120 Cinema Dr in Hendersonville, Tennessee. The Trust's Form D was filed as it took title to that property. A rental listing describes the community as three stories, 206 units, built in 2013, but those figures are secondary and should be checked against the offering documents or county records.
Does the Trust carry a mortgage?
The public record does not say. No lender, loan amount, or loan-to-value figure appears in the Form D or in the property materials reviewed, so leverage is listed as unknown here. Debt terms, including any interest-only period or maturity, would be disclosed in the offering documents.
Could this Trust convert into a REIT through a 721 exchange?
The record shows no 721/UPREIT exit — the transaction in which DST interests are exchanged for operating-partnership units in a REIT — contemplated for this Trust. Any exit path the sponsor does intend would be described in the offering documents.
Who is responsible for running the apartments?
Mission Rock Residential is the property manager of Cantare at Indian Lake Village; its resident page lists Maria Morles as Property Manager and Wyatt Irwin as Senior Property Manager. Day-to-day leasing and operations sit with that manager, not with individual DST investors, who hold a passive interest.

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.