Reserve at Kirkwood
Multifamily property in Clarksville, TN · sponsored by Hamilton Zanze
Reserve at Kirkwood was a DST sponsored by Hamilton Zanze that owned a multifamily property in Clarksville, TN (264 units). Its last Form D was filed Jan 7, 2025.
How it ended
No outcome recorded · under 7 years
The record lists the offering as fully subscribed; the last Form D was filed Jan 7, 2025.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $49,903,000Equity offered, per the Form D
- Sold
- 44.2%Form D, Jan 7, 2025; the % is our arithmetic
- Investors reported
- Form D, Jan 7, 20254
- 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.
- 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: Reserve at Kirkwood. Top1031 is not a broker-dealer.Reserve at Kirkwood · Clarksville, TN · Photo: mma.prnewswire.com
What did Reserve at Kirkwood own?
Reserve at Kirkwood stands at 3000 Dalton Smith Court in Clarksville, Tennessee, and was built in 2022. 2 Hamilton Zanze first bought the community in April 2022, when it was named Kirkwood Place and was the firm's first purchase in Clarksville. The firm then re-syndicated the asset into this Trust, acquiring it from Venterra Realty in a transaction that closed on December 18, 2024.
- Reported location
- Clarksville, TN
- Property size
- 264 units
How was it financed, and what did it cost to sell?
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
- $1,593,408 · 3.1% of offeringForm D Item 16· The filing’s note: “Consists of amounts paid to affiliates of persons named in Item 3, including, $283,408 for Fin Fee, $1,185,000 for Prop Acq Fees, $105,000 for Org and Offering Fees, $10,000 for Legal Acq Fee, and $10,000 for Prop Mngmnt, Due Dil and Training Fee.”
- Broker-dealers named in the Form D
- None named in the Form D
- Date of first sale
- Dec 30, 2024
- 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 Reserve at Kirkwood?
Hamilton Zanze is a multifamily-focused real estate firm that sponsors apartment acquisitions and places property management with its affiliate Mission Rock Residential. 2 The firm knows this asset directly: it owned the community from April 2022 as Kirkwood Place before re-syndicating it into this Trust at the end of 2024.
- Sponsor
- Offerings on record
What does the SEC record show?
A single new-notice Form D reports a first sale on December 30, 2024, a $49,903,000 equity offering, and $1,593,408 of proceeds allocated to acquisition, organization and offering, legal, management, due-diligence and training fees. 1 Rule 506(b) means no public advertising — investors come through existing sponsor relationships and must be accredited. No amendment has followed.
- Legal Trust name
- HZ Kirkwood II DST
- SEC CIK
- 2051036
- First Form D
- Jan 7, 2025
- Latest Form D
- Jan 7, 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 | $49,903,000 | $22,071,506 | 4 | 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 Reserve at Kirkwood?
- Reserve at Kirkwood is a Historical offering. The record lists the offering as fully subscribed; the last Form D was filed Jan 7, 2025.
- What does this Trust actually own?
- One asset: Reserve at Kirkwood, a garden-style apartment community at 3000 Dalton Smith Court in Clarksville, Tennessee, built in 2022 with one-, two- and three-bedroom homes ranging 805 to 1,305 square feet. Hamilton Zanze closed the acquisition from Venterra Realty on December 18, 2024.
- Who is the tenant?
- There isn't one in the net-lease sense. This is a 264-unit apartment community, so cash flow depends on hundreds of residents signing short-term leases rather than on a single corporate tenant's credit. Mission Rock Residential, a Hamilton Zanze affiliate, handles leasing and management.
- How much debt is on the property?
- Not established. The Form D reports equity only, and no mortgage amount, lender, or loan terms for HZ Kirkwood II DST were found in public sources reviewed through September 12, 2026. The offering documents are where a prospective investor would find the loan terms, lender, and any lockout or defeasance provisions.
- What is the minimum investment?
- The Form D filed January 7, 2025 reports a $25,000 minimum outside investment accepted, and the offering is made under Rule 506(b) to accredited investors — those meeting SEC income or net-worth thresholds. Sponsors and selling broker-dealers can set higher minimums than the filing shows.
- Is a 721/UPREIT exit planned?
- Nothing in the record indicates one. A 721 or UPREIT exit is where trust interests are contributed to a REIT's operating partnership in exchange for units; this Trust's record shows no such conversion contemplated, which means the expected ending is a sale of the property.
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.