Haven North Andover (a.k.a. Princeton North Andover)
Multifamily property in North Andover, MA · sponsored by JLL Exchange (JLLX)
Haven North Andover (a.k.a. Princeton North Andover) was a DST sponsored by JLL Exchange (JLLX) that owned a multifamily property in North Andover, MA (192 units). Its last Form D was filed Nov 26, 2024.
How it ended
No outcome recorded · under 7 years
The record lists the offering as fully subscribed; the last Form D was filed Nov 26, 2024.
Key facts
- Minimum investment
- $75,000From the Form D
- Offering size
- $50,706,704Equity offered, per the Form D
- Sold
- 91.4%Form D, Nov 26, 2024; the % is our arithmetic
- Investors reported
- Form D, Nov 26, 202476
- Selling commissions
- Form D Item 15; the % is our arithmetic$3,549,469 · 6.9% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.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 →
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Ask a 1031 specialist about this recordFree. About: Haven North Andover (a.k.a. Princeton North Andover). Top1031 is not a broker-dealer.What did the Trust own?
The community at 1252 Osgood Street was completed in 2019 as a Class A, entirely market-rate rental property. 1 JLL Income Property Trust acquired it in May 2021 for $72.5 million in an off-market transaction, reported at roughly $375,000 per unit, and it was later rebranded from Princeton North Andover to Haven North Andover. 2 The 2024 DST offering carved that suburban Boston asset into fractional 1031 ownership.
- Reported location
- North Andover, MA
- Property size
- 192 units
How was it financed, and what did it cost to sell?
The Form D record does not state mortgage debt, a lender, or loan terms, so whether this Trust carries leverage is not established in public filings. Those terms would appear in the offering documents.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $3,549,469 · 6.9% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $0 · 0.0% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 7 named in the Form D
Show the firms
- Concorde Investment Services, LLC · CRD 151604
- DAI Securities, LLC · CRD 36673
- Janney Montgomery Scott LLC · CRD 463
- LaSalle Investment Management Distributors, LLC · CRD 157625
- Merrill Lynch, Pierce, Fenner & Smith Incorporated · CRD 7691
- Morgan Stanley · CRD 149777
- RBC Capital Markets, LLC · CRD 31194
Individual representatives named in Item 12 are not listed.
- Date of first sale
- May 24, 2024
- Minimum investment
- $75,000
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.
Who's behind the Trust?
JLL Exchange is the 1031 exchange platform tied to JLL Income Property Trust, the REIT that owns the underlying apartment community. The filings name JLL Exchange TRS, LLC as sponsor of the issuer and LaSalle Investment Management, Inc. as manager and signatory trustee, with Gregory A. Falk signing as a senior vice president of the trustee. 3 This Trust held the multifamily leg of the JLLX Diversified V program, which the sponsor announced as fully subscribed at $100 million on November 18, 2024.
- Sponsor
- Offerings on record
What does the SEC record show?
The initial Form D — the brief notice an issuer files with the SEC for a private offering — reported no sales yet, with the first sale following on May 24, 2024. 3 Later amendments tracked the raise as investors subscribed, and no further amendment has been located since. Interests were sold privately to accredited investors, without public advertising.
- Legal Trust name
- JLLX North Andover Apartments, DST
- SEC CIK
- 2022719
- First Form D
- May 9, 2024
- Latest Form D
- Nov 26, 2024
- Filings on record
- 11
- Offered under
- Rule 506(b)General advertising and solicitation are not permitted under this exemption.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $50,706,704 | $46,367,866+$211,464 | 76+1 | EDGAR | |
| Form D/A | $50,706,704 | $46,156,402+$935,582 | 75+4 | EDGAR | |
| Form D/A | $50,706,704 | $45,220,820+$11,653,589 | 71+15 | EDGAR | |
| Form D/A | $50,706,704 | $33,567,231+$6,664,196 | 56+16 | EDGAR | |
| Form D/A | $50,706,704 | $26,903,035+$7,321,914 | 40+9 | EDGAR | |
| Form D/A | $50,706,704 | $19,581,121+$6,152,739 | 31+10 | EDGAR | |
| Form D/A | $50,706,704 | $13,428,382+$5,100,144 | 21+3 | EDGAR | |
| Form D/A | $50,706,704 | $8,328,238+$1,702,849 | 18+8 | EDGAR | |
| Form D/A | $50,706,704 | $6,625,389+$4,641,801 | 10+6 | EDGAR | |
| Form D (new notice) | $50,706,704 | $1,983,588 | 4 | EDGAR | |
| Form D | $50,706,704 | $0 | 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 Haven North Andover (a.k.a. Princeton North Andover)?
- Haven North Andover (a.k.a. Princeton North Andover) is a Historical offering. The record lists the offering as fully subscribed; the last Form D was filed Nov 26, 2024.
- What exactly did investors own?
- Beneficial interests in JLLX North Andover Apartments, DST, the Delaware Statutory Trust holding Haven North Andover, a 192-unit Class A apartment community in North Andover, Massachusetts. Because this Trust sat inside the JLLX Diversified V program, investors in that program also had exposure to two Class A industrial distribution facilities alongside the apartments.
- What was the minimum investment?
- The Form D filings for this Trust reported a $75,000 minimum investment. That figure is the minimum the issuer stated to the SEC; the offering documents govern the actual subscription terms, including any different minimum for particular investor types.
- Is the Trust leveraged?
- The public filings reviewed do not state mortgage debt, a lender, or a loan-to-value figure, so leverage is not established from the SEC record. For a 1031 exchange, debt matters: an exchanger generally needs to replace both equity and debt to fully defer gain, so the offering documents' financing section is where that question gets answered.
- Is there a 721/UPREIT exit?
- Nothing in the reviewed record describes a completed 721 exchange — the transaction in which DST interests are contributed to a REIT's operating partnership in return for units. No disposition or exit outcome has been reported for this Trust as of September 7, 2026.
- Who runs the property and the Trust?
- The Form D filings identify JLL Exchange TRS, LLC as sponsor of the issuer and LaSalle Investment Management, Inc. as manager and signatory trustee. In a DST, investors are passive: the trustee and sponsor make operating, leasing, refinancing, and sale decisions, and investors have no management role.
In the news
Sources
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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.