Velaire at Aspera

HistoricalMultifamily
Talk to a 1031 specialistData updated Apr 24, 2025
Offering size$47.9M
Asset typeMultifamily
LocationMulti-state
FinancingNot disclosed
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedSep 26, 2024
Last filedApr 24, 2025
Minimum$25k

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.

Documented outcome

Still operating, no exit yet

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].

Velaire at Aspera property
SEC filing recordMatched to public SEC filings
First filedSep 26, 2024
Latest filingApr 24, 2025
Filings tracked2
View filing on SEC EDGAR

Form D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.

In the news

IPA sells Velaire at Aspera for $64.35MInstitutional Property Advisors announces the $64.35 million ($225,000/unit) sale of Velaire at Aspera, a 286-unit Class 'AA' multifamily property in Glendale, AZ, a transaction that eventually preceded IDEAL's 1031 DST offering of the same asset.

Frequently asked questions

Is Velaire at Aspera currently active?

Velaire at Aspera is part of the researched historical archive. “Active” reflects the latest public record and does not confirm that interests remain available.

Where does Top1031 get the data for Velaire at Aspera?

Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.