Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
HZ DST Credit Fund I is a Hamilton Zanze credit vehicle rather than a single-property trust: a Delaware limited liability company whose only SEC filing names no building, tenant, or lease.1 Despite "DST" in its name, it is an LLC, and the offering was made under Rule 506(b) — no public advertising, sales to investors the sponsor already knew. One filing, dated June 1, 2023, stands on the record.
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These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
There is no property to describe. The Form D filed June 1, 2023 identifies the issuer only as a Delaware LLC at Hamilton Zanze's San Francisco address and says nothing about real estate — no property address, asset type, square footage, or tenant.1 No public source reviewed as of August 31, 2026 establishes an underlying property or portfolio, and Top1031's pipeline data classifies the vehicle as a debt/credit private fund rather than a single-property acquisition trust.
How did it end?
No ending on record
The HZ DST Credit Fund I, LLC is structured as a private credit fund (LLC, not a single-property DST), and no public redemption, wind-down, sale, or disposition announcement naming this vehicle was located in sponsor newsrooms or trade press.
Form D filed 2023-06-01 by issuer HZ DST Credit Fund I, LLC at 37 Graham Street, Suite 200B, San Francisco, CA 94129 (Delaware LLC). This entity is structured as a debt/credit private fund DST, not a single-property acquisition trust; no underlying property address, asset type, square footage or tenant identified in any public source.
Who's behind it?
Hamilton Zanze is the San Francisco sponsor behind this vehicle, which filed from 37 Graham Street, Suite 200B. The Form D names HZ Manager II, LLC as the issuer's sole member and manager, and HZ II, LLC as the sole member of that manager, so the control chain runs back through the sponsor's own entities.1 The filing does not say what the fund lends against or how it is deployed.
- Sponsor
- Hamilton Zanze
- Legal Trust name
- HZ DST Credit Fund I, LLC
- May convert to a REIT
- No
- Offerings from this sponsor
- 3 active / 18 total offerings from Hamilton Zanze
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
One Form D notice and no amendments since: the issuer told the SEC it was selling under Rule 506(b), the private route that bars general advertising and limits buyers to accredited investors — those meeting SEC income or net-worth tests — the sponsor already knows.1 The notice describes no property, lease, or debt.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- Source filing
- Read the filings on SEC EDGAR
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.
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 Private Placement Memorandum before investing.
Common questions
What happened to HZ DST Credit Fund I, LLC?
Top1031 lists HZ DST Credit Fund I, LLC as historical. It is no longer raising money.
Where does Top1031 get the data for HZ DST Credit Fund I, LLC?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Am I buying a building here, or a loan fund?
Neither the Form D filed June 1, 2023 nor any other public record reviewed as of August 31, 2026 identifies a property, tenant, or lease. Top1031's pipeline data classifies HZ DST Credit Fund I, LLC as a debt/credit private fund rather than a single-property acquisition trust. What the fund actually holds or lends against would have to come from the sponsor's private placement memorandum — the full offering disclosure document.
The name says DST. Is this a Delaware statutory trust?
No. The Form D filed June 1, 2023 reports the issuer as HZ DST Credit Fund I, LLC, a Delaware limited liability company, not a Delaware statutory trust. A DST is the trust structure commonly used to hold real property for 1031 exchange investors; this entity's public filing describes an LLC.
What did the Form D report about the size of the offering and the minimum?
The Form D filed June 1, 2023 reported a $25,000,000 offering amount and a $250,000 minimum outside investment. It also reported the first sale date as June 1, 2023 and no sales commissions.
Is the offering still open?
The SEC record holds a single filing for this issuer, dated June 1, 2023, and no amendment or later filing was identified in the records reviewed as of August 31, 2026. That means the public record shows neither a close nor a subsequent update — the sponsor is the only source that can confirm current status.
Can this be used as replacement property in a 1031 exchange?
A 1031 exchange requires like-kind real property, and the public record for this issuer discloses no real property at all — only a Delaware LLC and an offering amount. Whether an interest here qualifies is a question for the private placement memorandum, the sponsor, and your own tax counsel, not something the SEC filing answers.
Could this Trust convert into a REIT?
Top1031's data records no 721/UPREIT feature for this Trust — that is the structure in which a DST's property is contributed to a REIT's operating partnership in exchange for partnership units. The single Form D on record does not describe any exit path.