Kirkwood Place
Multifamily property in Clarksville, TN · sponsored by Hamilton Zanze
Kirkwood Place was a DST sponsored by Hamilton Zanze that owned a multifamily property in Clarksville, TN (264 units). Its last Form D was filed May 17, 2022.
How it ended
No outcome recorded · under 7 years
Last Form D filed May 17, 2022.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $29,930,000Equity offered, per the Form D
- Sold
- 88.6%Form D, May 17, 2022; the % is our arithmetic
- Investors reported
- Form D, May 17, 202214
- Selling commissions
- Form D Item 15; the % is our arithmetic$0 · 0.0% of offering
- 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: Kirkwood Place. Top1031 is not a broker-dealer.Kirkwood Place · Clarksville, TN · Photo: hamiltonzanze.com
What did Kirkwood Place own?
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
How was it financed, and what did it cost to sell?
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 offering documents say otherwise.
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
- $1,565,000 · 5.2% of offeringForm D Item 16· The filing’s note: “Consists of amounts paid to affiliates of persons named in Item 3, including, $200,000 for Master Tenant Reserves, $1,220,000 for Prop Acq Fees, $125,000 for Org and Admin Fees, $10,000 for Prop Mgmt Due Dil, and $10,000 for Refi Legal Review”
- Broker-dealers named in the Form D
- None named in the Form D
- Date of first sale
- Apr 13, 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 Kirkwood Place?
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
- Offerings on record
What does the SEC record show?
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.
- Legal Trust name
- HZ Kirkwood DST
- SEC CIK
- 1924464
- First Form D
- May 17, 2022
- Latest Form D
- May 17, 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 | $29,930,000 | $26,539,840 | 14 | 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 Kirkwood Place?
- Kirkwood Place is a Historical offering. Last Form D filed May 17, 2022.
- 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.
- 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 offering documents and sponsor reporting.
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.