Top1031

The Cottages at Old Monrovia

Multifamily property in Huntsville, AL · sponsored by Inland Private Capital

HistoricalLast Form D, filed Sep 28, 2022, reports the offering fully sold (opens in a new tab)

The Cottages at Old Monrovia was a DST sponsored by Inland Private Capital that owned a multifamily property in Huntsville, AL. Its last Form D, filed Sep 28, 2022, reports the offering fully sold.

How it ended

No outcome recorded · under 7 years

The last Form D, filed Sep 28, 2022, reports the offering fully sold.

Inland Private Capital has 8 active offerings on record →

Key facts

Minimum investment
$25,000
From the Form D
Offering size
$49,986,820
Equity offered, per the Form D
Sold
99.97%
Form D, Sep 28, 2022; the % is our arithmetic
Investors reported
121
Form D, Sep 28, 2022
Selling commissions
$4,448,827 · 8.9% of offering
Form D Item 15; the % is our arithmetic
Financing
Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
How it is financed ↓
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 →

Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.

Ask a 1031 specialist about this recordFree. About: The Cottages at Old Monrovia. Top1031 is not a broker-dealer.

What did The Cottages at Old Monrovia own?

Inland's property page maps this Trust to The Cottages at Old Monrovia at 335 Culbertson Drive in Huntsville, Alabama. 1 Capstone Communities and OG Capital developed the community jointly, announcing the start of construction in April 2020 with construction financing from Trustmark National Bank and Renasant Bank. 3 On August 3, 2021 Capstone reported roughly a third of the cottages — with fenced backyards, sidewalks and individual curbside parking — complete and leasing. 2

Reported location
Huntsville, AL
Property size
275 standalone cottages; 25 acres

How was it financed, and what did it cost to sell?

Neither the Form D filings nor the sponsor materials reviewed disclose a loan amount, lender, or leverage for this Trust. The two banks named in the development story financed construction for the developer, before any Inland ownership. 3

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
$4,448,827 · 8.9% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$2,628,333 · 5.2% of offering
Form D Item 16
· The filing’s note: “Item 16 is an estimate of acquisition fees, reimbursements for certain acquisition and financing costs, and offering and organizational expenses that may accrue to one or more Related Persons.”
Broker-dealers named in the Form D
33 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Apr 28, 2022
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. The issuer marked these amounts as an estimate.

What does the SEC record show?

The Trust filed an initial Form D — the short SEC notice a private offering files — then amended it roughly every two weeks to update the amount sold. Rule 506(b) means the offering could not be publicly advertised and relied on pre-existing relationships with accredited investors.

Legal Trust name
Huntsville SFR DST
SEC CIK
1927598
First Form D
May 13, 2022
Latest Form D
Sep 28, 2022
Filings on record
11
Offered under
Rule 506(b)
General advertising and solicitation are not permitted under this exemption.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D/A$49,986,820
$49,971,932+$599,000
121+1
EDGAR
Form D/A$49,986,820
$49,372,932+$474,193
120+3
EDGAR
Form D/A$49,986,820
$48,898,739+$604,598
117+3
EDGAR
Form D/A$49,986,820
$48,294,141+$2,038,878
114+3
EDGAR
Form D/A$49,986,820
$46,255,263+$5,921,474
111+10
EDGAR
Form D/A$49,986,820
$40,333,789+$2,858,170
101+9
EDGAR
Form D/A$49,986,820
$37,475,619+$8,116,784
92+13
EDGAR
Form D/A$49,986,820
$29,358,835+$4,659,280
79+11
EDGAR
Form D/A$49,986,820
$24,699,555+$10,287,209
68+23
EDGAR
Form D/A$49,986,820
$14,412,346+$6,143,386
45+18
EDGAR
Form D$49,986,820
$8,268,960
27
EDGAR
Show all 11 SEC Form D filings

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 The Cottages at Old Monrovia?
The Cottages at Old Monrovia is a Historical offering. The last Form D, filed Sep 28, 2022, reports the offering fully sold.
Does the SEC filing confirm the Trust owns The Cottages at Old Monrovia?
No. The Form D and its amendments identify the trust and its trustee and depositor but do not name the property or its address. The link comes from Inland's own property page, which maps Huntsville SFR DST to The Cottages at Old Monrovia at 335 Culbertson Drive. Confirm ownership and legal description in the Trust's offering documents before relying on it.
What is the minimum investment?
The Form D/A dated September 28, 2022 reports a $25,000 minimum outside investment and a total offering amount of $49,986,820 in equity securities, offered under Rule 506(b).
What kind of real estate is this?
Build-to-rent residential: standalone one-, two- and three-bedroom cottages rented like apartments, on a single Huntsville campus. Capstone, the developer, described private fenced-in backyards, sidewalks and curbside parking for the community. Unlike a net-leased single-tenant building, cash flow depends on many household leases turning over and on local occupancy and rents.
Has anything adverse been reported about this Trust?
On May 18, 2024, The White Law Group published a notice saying it was investigating potential securities claims involving broker-dealers that may have recommended Huntsville SFR DST.
What financial performance information is public?
None that is verifiable here. The public record reviewed contains no acquisition price, no debt terms or leverage ratio, no occupancy percentage, and no distribution history for this Trust. Form D filings report only offering size, amounts sold, investor counts, and minimums — not results. Sponsor investor reports and the offering documents are where those figures live.

In the news

Sources

Show sources (8)Hide sources (8)

These links support the record as a whole; individual details may come from different sources.

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.