Velaire at Aspera
Multifamily property in Glendale, AZ — sponsored by IDEAL Capital Group Holdings
Files with the SEC as ICG Aspera DST
Minimum investment
$25k
Offering size
$47.9M
How much has sold
100.0%
Asset type
Multifamily property
Location
Glendale, AZ
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Velaire at Aspera combines the historical SEC filing record with the cited public sources we found for the property and its outcome. Use the chapters below to see what those sources establish, then use the source list to check the underlying materials.
Show sources (5)Hide sources (5)
These links support the historical public record; 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?
- Reported location
- Glendale, AZ
- Property size
- 286 units
How did it end?
No sale or other ending on record
No evidence of sale, foreclosure, or 721 UPREIT conversion; JRW Investments lists Velaire at Aspera as 'Active' and IDEAL Capital Group's own news page shows no disposition of the property acquired in 2024 [1][2][3].
Sponsor: IDEAL Capital Group Holdings, LLC. Property: Velaire at Aspera, a 286-unit luxury Class AA multifamily community at 7700 W Aspera Blvd, Glendale, AZ 85308, developed in 2016 by P.B. Bell / Mark-Taylor and acquired by IDEAL in 2018 for $64.35M. Marketed for proximity to TSMC's new $65B semiconductor manufacturing plant in Phoenix.
286 unitsSupporting evidence
Who's behind it?
- Sponsor
- IDEAL Capital Group Holdings
- Legal Trust name
- ICG Aspera DST
- 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?
- First Form D filedThe public offering record begins.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 2
- 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 Velaire at Aspera?
Top1031 lists Velaire at Aspera as historical. It is no longer raising money.
Where does Top1031 get the data for Velaire at Aspera?
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.
Chapter 7Velaire at Aspera | IDEAL Capital Group Holdings 1031 DSTSponsor listing for ICG Aspera DST featuring Velaire at Aspera, a 286-unit multifamily property in Glendale, AZ marketed for proximity to TSMC's new $65B semiconductor plant. Velaire at Aspera property pageSponsor property page for Velaire at Aspera, a 286-unit multifamily property in Glendale, AZ held by IDEAL Capital Group, marketed as a short commute to TSMC's new semiconductor plant. ICG Aspera DST marketplace listingMarketplace listing for ICG Aspera DST describing Velaire at Aspera as a 286-unit multifamily asset in Glendale, AZ owned by IDEAL Capital Group Holdings. IPA sells Velaire at Aspera for $64.35MReports the 2018 sale of Velaire at Aspera for $64.35 million, equating to roughly $225,000 per unit. P.B. Bell Opens Velaire at Aspera in GlendaleDeveloper announcement of the opening of Velaire at Aspera, a 286-unit luxury apartment community in Glendale, AZ, built in 2016 adjacent to the Arrowhead Ranch master-planned community.