Legends 267
Multifamily property in Kansas City, KS — sponsored by Hamilton Zanze
Files with the SEC as HZ Legends DST
Minimum investment
$25k
Offering size
$53.7M
How much has sold
50.0%
Asset type
Multifamily property
Location
Kansas City, KS
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
HZ Legends DST is a Delaware statutory trust — a structure that lets 1031 exchangers hold fractional interests in real estate — holding one apartment property. Hamilton Zanze sponsored the purchase of Legends 267, a six-story community in Kansas City, Kansas, which closed September 17, 2025.2 It is raising under Rule 506(b), which bars general advertising and limits buyers to accredited investors meeting SEC income or net-worth tests.1
Min $25k (Form D); built 2024; acq closed 2025-09-17; ~$54M build cost; $26.85M/$53.7M sold at filing
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These links support the public record as a whole; 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?
Legends 267 opened in 2024 as a six-story building of one- and two-bedroom apartment homes.2 Multi-Housing News, citing Yardi Research Data, named Luke Draily Construction of Riverside, Missouri as the most recent prior owner and reported, citing the Kansas City Star, that the project was built for $54 million.3 That report also noted the sale price was not disclosed and Hamilton Zanze did not name the seller.3
- Property address
- 1879 Village West Pkwy, Kansas City, KS
- Property size
- 267 units
Who is the tenant, and what's the lease?
Income comes from residents on individual apartment leases rather than from one credit tenant, and no master lease appears in the public filing record. Mission Rock Residential, a Hamilton Zanze affiliate, assumed management of the community in connection with the purchase.2
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
50.0% reported sold
- Amount sold
- $26,850,000
- Still available
- $26,850,000
- Investors reported
- 2
- Total offering
- $53,700,000
Not enough filings yet to show a trend.
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How is it financed, and what does it pay?
Public filings reviewed name no lender, loan amount, or loan terms, so whether the property carries mortgage debt is unsettled. A Form D covers only the equity being sold and is not evidence that property debt is zero; any loan would be described in the PPM, the private placement memorandum given to prospective investors.
Who's behind it?
Hamilton Zanze acquires and operates apartment communities and sponsors 1031 exchange offerings. Enrichment data for this Trust names HZ Legends DST Manager, LLC as its manager, and the firm's affiliate Mission Rock Residential handles property management. A January 14, 2026 outlook from CEO Kurt Houtkooper recapped the firm's 2025 transactions, including this acquisition.
- Sponsor
- Hamilton Zanze
- Legal Trust name
- HZ Legends 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?
The single notice on file was submitted as a new offering notice rather than an amendment, and it reports a first sale on September 17, 2025 — the same day the sponsored acquisition closed.1 The same filing states an intended offering duration of no more than one year.1 Reviewed public sources showed no later amendment as of September 1, 2026.
- 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
Is Legends 267 still raising money?
Top1031 lists Legends 267 as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for Legends 267?
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 does this Trust actually own?
A single asset: Legends 267, a 267-unit apartment community of one- and two-bedroom homes at 1879 Village West Parkway in Kansas City, Kansas. Hamilton Zanze describes it as a six-story community built in 2024 and says the acquisition it sponsored closed on September 17, 2025. Multi-Housing News reported that the sale price was not disclosed and, citing the Kansas City Star, that the project was built for $54 million.
Is the Offering still open to new investors?
One Form D, filed October 2, 2025, is the only filing on record, and reviewed sources showed no later amendment as of September 1, 2026. That makes the public snapshot roughly eleven months old, so only the sponsor or its selling broker-dealers can confirm what remains available today. The Form D itself states the offering was intended to last no more than one year.
Does the Trust use mortgage debt?
The public record does not say. No lender, loan amount, or loan terms appear in the reviewed filings, and no separate debt filing was located for the Trust. A Form D covers the equity being sold and is not evidence that property debt is zero, so leverage must be confirmed in the PPM, the private placement memorandum given to prospective investors.
Who runs the property day to day?
Mission Rock Residential, an affiliate of Hamilton Zanze, assumed management of Legends 267 in connection with the September 2025 acquisition. Because this is an apartment community rather than a single-tenant building, results depend on resident leasing and turnover rather than on one lease. As of September 1, 2026, the operator's leasing page advertised a move-in special on select homes for leases signed by August 31, 2026 and stated no occupancy percentage.
What is the minimum investment?
The Form D reported a $25,000 minimum investment for outside investors as of October 2, 2025. Sponsors and selling broker-dealers can set higher practical minimums, and the binding figure for any subscription is the one stated in the PPM and subscription agreement.
Is there a 721/UPREIT exit?
The record shows no REIT conversion feature — that is, no stated path for investors to contribute their interests to a REIT's operating partnership in exchange for units. Any exit mechanics, including a sale timeline, would be described in the PPM.
Chapter 9Mission Rock Residential Selected to Manage Kansas City, KS Apartment CommunityPR Newswire release from Mission Rock Residential (an HZ affiliate) announcing it was awarded the property management contract for Legends 267 in Kansas City, KS. Hamilton Zanze Adds 267 Units to KC PortfolioTrade-press coverage that Hamilton Zanze acquired the year-old, 267-unit Legends 267 luxury community in Kansas City, KS. Hamilton Zanze Sponsors the Acquisition of Legends 267 in Kansas CityYield PRO trade-press coverage of Hamilton Zanze's sponsorship of the Legends 267 acquisition, a six-story, 267-unit Class A apartment community in Kansas City, KS. Legends 267 Apartments Gets AcquiredKansas City business journal reporting that Hamilton Zanze sponsored the acquisition of Legends 267 in Kansas City, KS, with the deal having closed Sept 17.