Top1031
JLLX Rockwell Apartments, DST
in Berlin, MA · sponsored by JLL Exchange (JLLX)
Historical · convertedConverted into REIT units (721 exchange) Apr 2024, as reported by JLL Exchange (JLLX) · last Form D Jan 5, 2022Sponsor source (opens in a new tab)
JLLX Rockwell Apartments, DST, sponsored by JLL Exchange (JLLX), filed its first Form D with the SEC on Oct 26, 2021 for a $43.7 million offering. Converted into REIT units (721 exchange) Apr 2024, as reported by JLL Exchange (JLLX).
How it ended
Moved into a REIT, per the REIT's SEC filing
Converted into REIT units (721 exchange) Apr 2024.
- Date
- Apr 17, 2024
- Held
- 2.5 years
Key facts
- Minimum investment
- $75,000From the Form D
- Offering size
- $43,732,004Equity offered, per the Form D
- Sold
- 94.7%Form D, Jan 5, 2022; the % is our arithmetic
- Investors reported
- Form D, Jan 5, 202214
- Selling commissions
- Form D Item 15; the % is our arithmetic$3,061,240 · 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: JLLX Rockwell Apartments, DST. Top1031 is not a broker-dealer.JLLX Rockwell Apartments, DST · Berlin, MA · Photo: willowbridgepc.com
What did JLLX Rockwell Apartments, DST own?
- Reported location
- Berlin, MA
How was it financed, and what did it cost to sell?
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
- Converted to a REIT (721)
- Yes: converted into REIT units Apr 2024
Costs and terms from the Form D
- Selling commissions
- $3,061,240 · 6.9% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $196,794 · 0.4% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 2 named in the Form D
Show the firms
- LaSalle Investment Management Distributors, LLC · CRD 157625
- Morgan Stanley · CRD 149777
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Oct 29, 2021
- 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 JLLX Rockwell Apartments, DST?
- Sponsor
- Offerings on record
What does the SEC record show?
- Legal Trust name
- JLLX Rockwell Apartments, DST
- SEC CIK
- 1887535
- First Form D
- Oct 26, 2021
- Latest Form D
- Jan 5, 2022
- Filings on record
- 6
- 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 | $43,732,004 | $41,444,575+$500,000 | 14+1 | EDGAR | |
| Form D/A | $43,732,004 | $40,944,575+$15,072,534 | 13+4 | EDGAR | |
| Form D/A | $43,732,004 | $25,872,041+$11,009,958 | 9+5 | EDGAR | |
| Form D/A | $43,732,004 | $14,862,083+$1,777,272 | 4+1 | EDGAR | |
| Form D (new notice) | $43,732,004 | $13,084,811 | 3 | EDGAR | |
| Form D | $43,732,004 | $0 | EDGAR |
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 JLLX Rockwell Apartments, DST?
- JLLX Rockwell Apartments, DST is a Historical offering. Converted into REIT units (721 exchange) Apr 2024, as reported by JLL Exchange (JLLX).
- Did JLLX Rockwell Apartments, DST convert into REIT units through a 721 exchange?
- Converted into REIT units (721 exchange) Apr 2024, as reported by JLL Exchange (JLLX). In a 721 exchange, or UPREIT, the DST’s property is contributed to a REIT’s operating partnership and investors receive operating-partnership units instead of cash.
- How a DST-to-721 UPREIT exit works
In the news
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.