Kirkwood Place
Multifamily property in Clarksville, TN — sponsored by Hamilton Zanze
Files with the SEC as HZ Kirkwood DST
Minimum investment
$25k
Offering size
$29.9M
How much has sold
89.0%
Asset type
Multifamily property
Location
Clarksville, TN
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Kirkwood Place is a 264-unit apartment community at 2934 Dunlop Lane in Clarksville, Tennessee, completed in 2020 and acquired by Hamilton Zanze in April 2022.1 It is held in HZ Kirkwood DST, a Delaware statutory trust — the structure that lets 1031 exchangers own a fractional interest in real estate — and was offered privately to accredited investors. One Form D is on record, from May 2022.
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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?
Kirkwood Place was built in 2020 at 2934 Dunlop Lane in Clarksville, Tennessee, roughly 9.8 miles from downtown Clarksville and 45 miles from downtown Nashville.1 Hamilton Zanze announced the purchase on April 8, 2022, calling it its first multifamily community in the Clarksville market; the homes average 1,021 square feet across five floor plans.1 The sponsor also outlined planned site, building, amenity, and mechanical, electrical and plumbing work.1
- Reported location
- Clarksville, TN
- Property size
- 264 units
Who is the tenant, and what's the lease?
This is an apartment property, so there is no single corporate tenant: income depends on hundreds of resident leases that turn over continually. Hamilton Zanze affiliate Mission Rock Residential took over management at acquisition and, in August 2026, was advertising free-rent concessions on select homes with a 12-month minimum term.2
How did it end?
No sale or other ending on record
Mission Rock Residential continues to actively lease Kirkwood Place (264 units, Clarksville, TN) as of mid-2026 with no public sale, foreclosure, or 721 UPREIT announcement located; a May 2025 White Law Group investor-loss investigation references the trust but provides no disposition data, and the separately filed HZ Kirkwood II DST acquired a different property (Reserve at Kirkwood).
Hamilton Zanze announced the acquisition on April 8, 2022; the community is marketed as Kirkwood Place and is a single multifamily property. No qualifying news statement that this offering was fully subscribed, sold out, or closed was located.
264 unitsSupporting evidence
How is it financed, and what does it pay?
Neither the Form D nor any other record reviewed states whether this Trust carries mortgage debt, who any lender is, or the loan terms; the filing describes the securities sold simply as equity.3 Treat leverage as unconfirmed until the PPM, the private placement memorandum, says otherwise.
Who's behind it?
Hamilton Zanze is an apartment owner-operator that syndicates 1031 exchange offerings and runs its communities through affiliate Mission Rock Residential; Kirkwood Place was its first property in the Clarksville market.1 On November 17, 2023, a resident filed a Fair Housing Act complaint in federal court in Middle Tennessee naming HZ Kirkwood DST among the defendants; the docket reviewed records a filed complaint, not any finding of liability.4
- Sponsor
- Hamilton Zanze
- Legal Trust name
- HZ Kirkwood DST
- 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?
No amendment to the original Form D appears in the SEC submissions index, so the public filing record for this Trust has not been updated since 2022; the filing reports a first sale on April 13, 2022.3 The Trust was offered privately, without general advertising, to accredited investors — people who meet the SEC's income or net-worth tests.
- 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 Kirkwood Place?
Top1031 lists Kirkwood Place as historical. It is no longer raising money.
Where does Top1031 get the data for Kirkwood Place?
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.
What exactly am I buying in HZ Kirkwood DST?
A fractional beneficial interest in a Delaware statutory trust that owns Kirkwood Place, a 264-unit apartment community built in 2020 at 2934 Dunlop Lane in Clarksville, Tennessee. Hamilton Zanze announced the acquisition on April 8, 2022. Because it is a DST interest, it is treated as real property for Section 1031 exchange purposes, and investors have no management role.
Is the offering still open?
The only Form D on record was filed May 17, 2022 and reports an unsold remainder as of that date. No later filing, sponsor statement, or news item located says the offering was fully subscribed, sold out, or closed. Whether any interests remain available in 2026 would have to be confirmed directly with the sponsor or a selling broker-dealer.
Who runs the property and the Trust day to day?
Mission Rock Residential, a Hamilton Zanze affiliate, manages Kirkwood Place on site and was actively leasing units as of August 2026. On the Trust side, the Form D names HZ Kirkwood Trust Manager, LLC as manager and signatory trustee, HZ Kirkwood Depositor, LLC as depositor, HZ Perpetual Income Fund OP, LLC as the manager's sole member, and Delaware Trust Company as Delaware trustee.
Is there litigation involving this Trust?
Yes, at least one matter. A complaint filed November 17, 2023 in the U.S. District Court for the Middle District of Tennessee names HZ Kirkwood DST among Kirkwood Place defendants under the Fair Housing Act; the docket mirror reviewed showed no adjudicated outcome. Separately, investor-claims firm The White Law Group published a page about HZ Kirkwood DST on May 23, 2025. A filed complaint or a law firm page establishes neither wrongdoing nor loss.
Is Kirkwood Place the same property as Reserve at Kirkwood?
Possibly, but it is unconfirmed. A separate Hamilton Zanze offering, HZ Kirkwood II DST, is associated with an asset called Reserve at Kirkwood and an acquisition dated December 18, 2024; one secondary record describes that asset as the former Kirkwood Place, re-syndicated and renamed. No primary filing reviewed ties the two names and addresses together, so the relationship between the two Trusts should be verified with the sponsor.
What is not in the public record for this Trust?
A good deal. The reviewed records do not state the 2022 purchase price, any acquisition loan or loan-to-value, distribution terms, occupancy, property-level financials, or a projected hold period. There is also no filed record of a sale, refinancing, or 721/UPREIT roll-up, in which DST interests are exchanged for operating-partnership units of a REIT. Those items live in the PPM and sponsor reporting.
Chapter 9Hamilton Zanze Buys First Multifamily Community in ClarksvillePRNewswire reported Hamilton Zanze’s acquisition of its first Clarksville multifamily community, Kirkwood Place.