HZ Echelon DST
in Odenton, MD · sponsored by Hamilton Zanze
HZ Echelon DST, sponsored by Hamilton Zanze, filed its first Form D with the SEC on Aug 26, 2022 for a $63.6 million offering. Its last Form D was filed Aug 26, 2022.
How it ended
No outcome recorded · under 7 years
Last Form D filed Aug 26, 2022.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $63,626,000Equity offered, per the Form D
- Sold
- 6.4%Form D, Aug 26, 2022; the % is our arithmetic
- Investors reported
- Form D, Aug 26, 20225
- Selling commissions
- Form D Item 15; the % is our arithmetic$0 · 0.0% of offering
- 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 Echelon DST. Top1031 is not a broker-dealer.What did HZ Echelon DST own?
The Form D names no property. It describes only a Delaware business trust with a San Francisco principal address, and no later filing adds detail. 1 Separately, Hamilton Zanze reported closing on Echelon at Odenton, a 244-unit Class-A apartment community in Odenton, Maryland, on June 28, 2022. 4 No reviewed public source connects that purchase to HZ Echelon DST, so the Trust's asset remains unconfirmed in the public record.
- Reported location
- Odenton, MD
How was it financed, and what did it cost to sell?
Nothing in the public record states whether this Trust carries mortgage debt: the Form D names no lender, loan amount, or loan terms, and no later document was filed. The filing did report $331,728 in financing fees among the offering proceeds paid to affiliated parties. 2
Costs and terms from the Form D
- Selling commissions
- $0 · 0.0% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $2,071,458 · 3.2% of offeringForm D Item 16· The filing’s note: “Consists of amts paid to affiliates of persons named in Item 3, including, $331,728 for Fin Fee, $1,536,480 for Prop Acq Fees, $183,250 for Org and Offering Fees, $10,000 for Legal Acq Fees, and $10,000 for Prop Mngmnt Due Diligence and Training Fee”
- Broker-dealers named in the Form D
- None named in the Form D
- Date of first sale
- Aug 4, 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.
Who's behind HZ Echelon DST?
Hamilton Zanze is a San Francisco-based apartment investor; SEC records place this Trust at the firm's Graham Street address in the city's Presidio. 1 The firm handles day-to-day property management through an affiliate, Mission Rock Residential, which took over operations at the Odenton community it bought in 2022. 3 Hamilton Zanze has sponsored a series of Delaware statutory trusts aimed at 1031 exchange buyers.
- Sponsor
- Offerings on record
What does the SEC record show?
Rule 506(b) means the Trust could be offered privately, without public advertising, to accredited investors — people meeting SEC income or net-worth tests. Only the original notice sits on file: no amendment, no termination notice, and no closing filing has followed, so the record shows no confirmed end to the raise. 1
- Legal Trust name
- HZ Echelon DST
- SEC CIK
- 1935743
- First Form D
- Aug 26, 2022
- Latest Form D
- Aug 26, 2022
- 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 | $63,626,000 | $4,080,694 | 5 | 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 Echelon DST?
- HZ Echelon DST is a Historical offering. Last Form D filed Aug 26, 2022.
- What property does HZ Echelon DST own?
- The public record does not say. The Trust's only SEC filing, a Form D dated August 26, 2022, identifies HZ Echelon DST as a Delaware business trust and gives a San Francisco principal address, but names no property, address, or asset type. Hamilton Zanze separately reported buying Echelon at Odenton, a 244-unit apartment community in Odenton, Maryland, that closed June 28, 2022, and no reviewed source ties that purchase to this Trust. Anyone evaluating the offering would need the offering documents to confirm the asset.
- How large was the offering, and what was the minimum?
- The Form D filed August 26, 2022 reported a total offering amount of $63,626,000 and a minimum investment of $25,000 per investor. The same filing stated the offering was not intended to last more than one year and reported a first sale date of August 4, 2022.
- Does the Trust use leverage?
- Unknown from public sources. The Form D discloses no lender, loan amount, or loan-to-value figure, and no later filing addresses debt. It did report $331,728 in financing fees among proceeds paid to affiliated parties, which the filing does not explain further.
- What is the law-firm page that mentions HZ Echelon DST?
- On May 15, 2025, The White Law Group published a page naming HZ Echelon DST while soliciting investors about potential claims and FINRA arbitration against selling brokers. The page identifies no court case, docket number, filed complaint, court order, or regulatory enforcement action, and no primary litigation record surfaced in research. It is an attorney advertisement seeking clients, not a finding of wrongdoing by anyone.
- Can this Trust convert into a REIT through a 721 exchange?
- Nothing in the record indicates a 721/UPREIT exit — the arrangement in which a DST's property is contributed to a REIT's operating partnership in exchange for units. The available data records no such conversion feature for this Trust.
In the news
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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.