Legends 267
Multifamily property in Kansas City, KS · sponsored by Hamilton Zanze
Active offeringLatest Form D filed Oct 2, 2025 (opens in a new tab)
Legends 267 is a DST sponsored by Hamilton Zanze that owns a multifamily property in Kansas City, KS (267 units). Its latest Form D, filed Oct 2, 2025, lists a $53.7 million offering with a $25,000 minimum.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $53,700,000Equity offered, per the Form D
- Sold so far
- Form D, Oct 2, 2025; the % is our arithmetic50.0%
- Investors reported
- Form D, Oct 2, 20252
- 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 →
Sales so far
- Latest Form D
- Oct 2, 2025 · 1 filing
- First sale
- Sep 17, 2025
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
- Amount sold
- $26,850,000
- Not yet sold
- $26,850,000
- Investors
- 2
Calculated by Top1031 from the Form D filings, not stated by the sponsor:
50.0% of $53,700,000 sold, calculated by Top1031 from the Form D
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Ask a 1031 specialist about this recordFree. About: Legends 267. Top1031 is not a broker-dealer.Legends 267 · Kansas City, KS · Photo: ingrams.com
What does Legends 267 own?
Legends 267 was completed in 2024, and Hamilton Zanze sponsored its purchase about a year later, closing on September 17, 2025. 2 The sponsor describes a six-story Class A community of one- and two-bedroom homes, built for roughly $54 million; no purchase price appears in the public record. BuildSteel reported on September 2, 2026 that McClure took third place in the 2026 CFSEI Creative Detail Awards for the building's cold-formed-steel transfer detail.
- Property address
- 1879 Village West Pkwy, Kansas City, KS
- Property size
- 267 units
How have sales gone?
The Form D record has one sales figure so far, so there is no trend to chart. The figure is in Sales so far ↑.
How is it financed, and what did it cost to sell?
No lender, loan amount, or loan terms appear in the public record, so whether the property carries a mortgage is unsettled. A Form D reports only the equity being offered; any debt would be described in the offering documents.
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
- $0 · 0.0% of offeringForm D Item 16· The filing’s note: “Consists of amounts paid to affiliates of persons named in Item 3, including, $317,200 for Fin Fees; $1,240,000 for Prop Acq Fees, $105,000 for org and admin fees, $10,000 for Legal Acq Fees, and $10,000 for Prop Mngmt, Due Dil and Training Fee”
- Broker-dealers named in the Form D
- None named in the Form D
- Date of first sale
- Sep 17, 2025
- 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 Legends 267?
Hamilton Zanze acquires and operates apartment communities and sponsors 1031 exchange offerings, with affiliate Mission Rock Residential handling day-to-day property management. 2 The Trust's manager is HZ Legends DST Manager, LLC. On January 14, 2026, CEO Kurt Houtkooper published a multifamily outlook recapping the firm's 2025 transactions, including this acquisition.
- Sponsor
- Offerings on record
What does the SEC record show?
The record consists of the issuer's original Form D notice, with no later amendment appearing in SEC filings reviewed through September 18, 2026, so what is public is a point-in-time snapshot. 1 The Offering is private: no general advertising, and sales are limited to accredited investors. 1
- Legal Trust name
- HZ Legends DST
- SEC CIK
- 2087522
- First Form D
- Oct 2, 2025
- Latest Form D
- Oct 2, 2025
- 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 | $53,700,000 | $26,850,000 | 2 | 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
- Is Legends 267 an active offering?
- Legends 267 is an Active offering: its latest Form D was filed Oct 2, 2025. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
- What does this Trust actually own?
- A single asset: Legends 267, a 267-unit apartment community at 1879 Village West Parkway in Kansas City, Kansas. Hamilton Zanze describes it as a six-story Class A building completed in 2024 and says the acquisition it sponsored closed on September 17, 2025. The roughly $54 million figure attached to the property is a reported construction cost, not a purchase price; no sale price appears in the reviewed public material.
- Does the Trust use mortgage debt?
- The public record does not say. No lender, loan amount, or loan terms appear in the reviewed filings or sponsor materials. A Form D covers only the equity being sold and is not evidence that property debt is zero, so leverage must be confirmed in the offering documents.
- 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. Occupancy, in-place rents, and lease-up status were not publicly established in the sources reviewed.
- What is the minimum investment?
- The Form D reported a $25,000 minimum investment 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 offering documents 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 offering documents.
In the news
Sources
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These links support the record as a whole; individual details may come from different sources.
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.