Sentio
Multifamily property in Glendale, AZ — sponsored by IDEAL Capital Group Holdings
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These links support the historical public record; individual details may come from different sources.
What is this, in one paragraph?
ICG Sentio, DST is a Delaware Statutory Trust — a structure that lets 1031 exchange investors hold fractional interests in real estate — holding Sentio, a luxury apartment community in Glendale, Arizona, north of Phoenix. IDEAL Capital Group acquired it from Hines for $108 million in March 2024.1 Chipmaker TSMC was the community's master tenant.3 The Trust is closed to new investors.
Minimum investment
$25k
Offering size
$65.0M
How much has sold
100.0%
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited 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?
Sentio is a Class A apartment community at 3600 W Happy Valley Rd in Glendale, Arizona, built in 2022–2023 within the Stetson Hills master-planned area of north Phoenix's Deer Valley submarket, minutes from TSMC's semiconductor plant. Hines sold it to IDEAL Capital Group for $108 million in March 2024.1 Mark-Taylor manages the property, whose leasing page was still live in September 2026.2
- Reported location
- Glendale, AZ
- Property size
- 325 units
Who is the tenant, and what's the lease?
A master lease means one corporate tenant rents the entire community, so the Trust's rent came from a single credit rather than from individual residents. Connect CRE reported TSMC as Sentio's master tenant, with the community fully leased.3 A marketplace listing described that master lease as running through September 2025; what followed it is not in the public record.4
How did it end?
Still operating
No evidence of sale, foreclosure, or 721 UPREIT conversion; JRW Investments lists ICG Sentio, DST as 'Active' and IDEAL Capital Group's own news page shows the Sentio acquisition (March 2024, $108M) with no subsequent sale [1][2][3].
Sentio is a 325-unit, ~328,830 sf luxury multifamily community built in 2022–2023 at 3600 W Happy Valley Rd, Glendale, AZ 85310; acquired by IDEAL Capital Group from Hines for $108M (Mar 2024); 100% master-leased to TSMC through Sept 2025; DST offering size approximately $125M with $65M equity raise, 48% LTV; sponsor IDEAL Capital Group Holdings, LLC.
325 unitsSupporting evidence
Counted on IDEAL Capital Group Holdings’s Record Card as: No outcome recorded · under 7 years Document
How is it financed, and what does it pay?
The Trust carries mortgage debt rather than owning the property free and clear, so an exchanger's proceeds are paired with a share of that loan. Multi-Housing News reported a $60 million Freddie Mac loan on the acquisition, originated by CBRE.1
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Who's behind it?
IDEAL Capital Group Holdings is a Clovis, California–based investment firm; The Business Journal reported that it bought Sentio for its 1031 exchange investors.5 The firm's own DST overview material lists the 2024 Sentio acquisition at $108,000,000 among its offerings.6
- Sponsor
- IDEAL Capital Group Holdings
- May convert to a REIT
- No
- Offerings from this sponsor
- 1 active / 7 total offerings from IDEAL Capital Group Holdings
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The Trust registered its offering with an initial Form D and updated it through three later amendments as the raise progressed. The filings record the first sale as occurring on March 19, 2024.7 It was offered under a rule that permits public advertising but requires the sponsor to verify each investor's accredited status.
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Filing record updatedA later amendment updated the sponsor’s filing record.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Legal Trust name
- ICG Sentio, DST
- Filings on record
- 4
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- 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 Sentio?
Sentio is a Historical offering: its latest SEC filing is outside the Active window. The outcome and source documents are shown separately.
Where does Top1031 get the data for Sentio?
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.
Can I still invest in ICG Sentio, DST?
No. The Trust is closed to new investors. Its final Form D amendment was filed on August 21, 2024, and no later filings appear on the SEC record for this issuer.
What did the Trust actually buy?
Sentio, a 325-unit luxury apartment community at 3600 W Happy Valley Rd in Glendale, Arizona, built in 2022–2023. IDEAL Capital Group acquired it from Hines for $108 million in March 2024, financed in part with a reported $60 million Freddie Mac loan originated by CBRE.
Who was the tenant?
Connect CRE reported that Taiwan Semiconductor Manufacturing Company (TSMC) was the master tenant and the community was fully leased. A 2024–2025 marketplace listing described that master lease as running through September 2025. What arrangement applies after that date is not established by any primary record located.
What does a master lease mean for a DST investor?
Under a master lease, one tenant leases the whole property and takes on the job of occupying or subletting the units. For the Trust, that concentrates rent in a single counterparty's credit instead of hundreds of individual residents — simpler while the lease runs, and a single point of exposure when it expires.
Is there a 721/UPREIT exit?
No REIT conversion path is recorded for this Trust. A 721/UPREIT exit is a structure where a sponsor swaps the property into an operating partnership for REIT units; nothing in the filing record indicates that route here.
What was the minimum investment?
The Form D filings list a $25,000 minimum investment for outside investors. The Trust was offered only to accredited investors — individuals or entities meeting the SEC's income or net-worth thresholds.
Chapter 9Sentio property pageSponsor page describing Sentio as a 325-unit multifamily community in Glendale, AZ's Deer Valley submarket within the Stetson Hills master-planned area, acquired by IDEAL and located minutes from TSMC's new semiconductor plant. Ideal Capital Group ICG Sentio DST marketplace listingMarketplace listing for ICG Sentio DST, a 325-unit multifamily property in Glendale, AZ (built 2022, ~97.5% occupied), offered by IDEAL Capital Group as a 1031-eligible Delaware Statutory Trust. IDEAL Capital Group Buys Sentio Apartment Community in Phoenix for $108MCalifornia-based IDEAL Capital Group acquired Sentio, a 325-unit Class A multifamily property in North Phoenix (Glendale, AZ), from Hines for $108 million, with CBRE representing the seller and arranging financing. Clovis investment group buys Arizona apartments for $108MBusiness Journal reports Clovis-based IDEAL Capital Group bought the 325-unit Sentio apartments in Glendale for $108M for its 1031 exchange investors. IDEAL Pays $108M for 325-Unit Phoenix CommunityMulti-Housing News reports IDEAL Capital purchased the 325-unit Sentio community in Glendale, AZ, from Hines Interests with a $60M Freddie Mac loan.