Onyx at Westgate
Multifamily property in Glendale, AZ — sponsored by Inland Private Capital
Files with the SEC as Glendale BTR DST
Minimum investment
$25k
Offering size
$72.1M
How much has sold
100.0%
Asset type
Multifamily property
Location
Glendale, AZ
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Onyx at Westgate 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 (1)Hide sources (1)
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
- 190 units
How did it end?
No sale or other ending on record
No full-cycle or disposition announcement located; Inland acquired Onyx at Westgate for ~$62M in February 2024 and fully subscribed the DST with $72M raised in September 2024, with leasing continuing at the property.
Onyx at Westgate is a 190-unit, Class A, newly developed (2022) build-to-rent single-family rental community on 17 acres at 7403 N 91st Avenue, Glendale, AZ; mix of 58 one-bedroom duplexes, 85 two-bedroom detached homes, and 47 three-bedroom bungalows; offering fully subscribed at $72M and now closed; sponsor: Inland Private Capital Corporation.
190 unitsSupporting evidence
How is it financed, and what does it pay?
- Financing
- All cash. This offering reports no mortgage debt.
Who's behind it?
- Sponsor
- Inland Private Capital
- Legal Trust name
- Glendale BTR DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 8 active / 79 total offerings from Inland Private Capital
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.
- 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.
- Filings on record
- 10
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- 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 Onyx at Westgate?
Top1031 lists Onyx at Westgate as historical. It is no longer raising money.
Where does Top1031 get the data for Onyx at Westgate?
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 8Inland Fully Subscribes $72M Glendale BTR DSTConnect CRE reports Inland Private Capital's $72M Glendale BTR DST (Onyx at Westgate) was fully subscribed and is now closed. Inland Fully Subscribes $72 Million Build-to-Rent DST in ArizonaInland Private Capital announced completion of more than $72 million raise for the Glendale BTR DST (Onyx at Westgate), fully subscribed and closed. Inland Real Estate Acquisitions, LLC Closes the Purchase of a Luxury Build-to-Rent Multifamily Property in Glendale, ArizonaBlueVault reports Inland Real Estate Acquisitions closed the purchase of a 190-unit luxury build-to-rent property in Glendale, AZ (later branded Onyx at Westgate). Inland Group Buys Phoenix SFR for $62M in All-Cash DealMulti-Housing News reports Inland Real Estate Group purchased Onyx at Westgate, a 190-unit single-family rental in Glendale, AZ, from Cavan Cos. for $62 million in February 2024.