Townlake of Coppell
Multifamily property in Coppell, TX · sponsored by JLL Exchange (JLLX)
Townlake of Coppell was a DST sponsored by JLL Exchange (JLLX) that owned a multifamily property in Coppell, TX (398 units). Its last Form D was filed Aug 27, 2024.
How it ended
No outcome recorded · under 7 years
The record lists the offering as fully subscribed; the last Form D was filed Aug 27, 2024.
Key facts
- Minimum investment
- $75,000From the Form D
- Offering size
- $59,931,534Equity offered, per the Form D
- Sold
- 96.3%Form D, Aug 27, 2024; the % is our arithmetic
- Investors reported
- Form D, Aug 27, 2024118
- Selling commissions
- Form D Item 15; the % is our arithmetic$4,195,208 · 7.0% 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: Townlake of Coppell. Top1031 is not a broker-dealer.What did Townlake of Coppell own?
JLL Income Property Trust announced on May 28, 2015 that it had acquired the community in a joint venture with Balfour Beatty Communities, disclosing neither price nor financing. 2 The 1986-vintage complex covers 17.5 acres in northwest suburban Dallas and includes two resort-style pools, a playground, a basketball court and a 24-hour fitness center. 2 JLL Income Property Trust's March 31, 2026 quarterly report still lists Townlake of Coppell among the properties in its DST Program. 3
- Reported location
- Coppell, TX
- Property size
- 398 units
How was it financed, and what did it cost to sell?
The public Form D discloses no mortgage debt, and JLL's acquisition announcement did not disclose acquisition financing or leverage. 2 Whether the Trust carries a loan, and on what terms, is not established in the public record reviewed — that would be set out in the offering documents.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $4,195,208 · 7.0% 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
- 14 named in the Form D
Show the firms
- Commonwealth Financial Network · CRD 8032
- Concorde Investment Services, LLC · CRD 151604
- DAI Securities, LLC · CRD 36673
- Emerson Equity LLC · CRD 130032
- Independent Financial Group, LLC · CRD 7717
- Janney Montgomery Scott LLC · CRD 463
- LPL Financial LLC · CRD 6413
- 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
- Realized Financial, Inc. · CRD 22333
- Robert W. Baird & Co. Incorporated · CRD 8158
- Rockefeller Financial LLC · CRD 291361
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jan 19, 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 Townlake of Coppell?
JLL Exchange is the 1031 exchange program of JLL Income Property Trust, whose March 31, 2026 quarterly report lists Townlake of Coppell in its DST Program. 3 The Form D names JLL Exchange TRS, LLC as sponsor and LaSalle Investment Management, Inc. as manager and signatory trustee. 4 On September 4, 2024 the sponsor announced that JLLX Diversified IV, DST — a $120 million program launched in December 2023 that included a Coppell, Texas apartment community and a Williams-Sonoma-leased industrial building in Taunton, Massachusetts — had been fully subscribed. 5
- Sponsor
- Offerings on record
What does the SEC record show?
The Offering's first sale came on January 19, 2024, weeks after the original Form D, and a steady run of amendments followed through late August, each updating the amount raised. 6 The public Form D names the sponsor and trustee but never identifies the underlying property; that link comes from JLL's own materials. 4
- Legal Trust name
- JLLX Townlake of Coppell, DST
- SEC CIK
- 2005126
- First Form D
- Dec 21, 2023
- Latest Form D
- Aug 27, 2024
- Filings on record
- 14
- 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 | $59,931,534 | $57,720,000+$1,316,895 | 118+6 | EDGAR | |
| Form D/A | $59,931,534 | $56,403,105+$5,583,695 | 112+15 | EDGAR | |
| Form D/A | $59,931,534 | $50,819,410+$3,492,568 | 97+10 | EDGAR | |
| Form D/A | $59,931,534 | $47,326,842+$8,213,332 | 87+20 | EDGAR | |
| Form D/A | $59,931,534 | $39,113,510+$6,683,078 | 67+16 | EDGAR | |
| Form D/A | $59,931,534 | $32,430,432+$16,188,671 | 51+20 | EDGAR | |
| Form D/A | $59,931,534 | $16,241,761+$4,280,423 | 31+7 | EDGAR | |
| Form D/A | $59,931,534 | $11,961,338+$5,300,820 | 24+8 | EDGAR | |
| Form D/A | $59,931,534 | $6,660,518+$2,689,209 | 16+7 | EDGAR | |
| Form D/A | $59,931,534 | $3,971,309+$2,151,092 | 9+4 | EDGAR | |
| Form D/A | $59,931,534 | $1,820,217+$1,278,001 | 5+3 | EDGAR | |
| Form D/A | $59,931,534 | $542,216+$266,452 | 2+1 | EDGAR | |
| Form D (new notice) | $59,931,534 | $275,764 | 1 | EDGAR | |
| Form D | $59,931,534 | $0 | EDGAR |
Show all 14 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 Townlake of Coppell?
- Townlake of Coppell is a Historical offering. The record lists the offering as fully subscribed; the last Form D was filed Aug 27, 2024.
- What does the Trust actually own?
- Townlake of Coppell, a 398-unit garden-style apartment community on 17.5 acres in Coppell, Texas, northwest of Dallas, built in 1986. JLL Income Property Trust acquired it in May 2015 in a joint venture with Balfour Beatty Communities and lists it in its DST Program as of March 31, 2026.
- Is the property leveraged?
- The public record does not say. The Form D reports offering amounts only, and JLL's acquisition release did not disclose financing or leverage. Debt terms, lender identity, and loan maturity for a DST are disclosed in the offering documents, not in SEC Form D filings.
- Who runs the Trust day to day?
- The Form D identifies JLL Exchange TRS, LLC as sponsor and LaSalle Investment Management, Inc. as manager and signatory trustee, with Gregory A. Falk signing as a senior vice president of the signatory trustee. A DST is passive by design: investors hold beneficial interests and cannot direct operations.
- Does this Trust convert into REIT shares through a 721 exchange?
- Top1031's record for this Trust shows no 721/UPREIT conversion feature — the arrangement in which DST interests are later exchanged for operating partnership units of a REIT. Investors relying on any such exit should confirm the terms in the offering documents, which govern.
- How was the Offering sold?
- Under Rule 506(b) of Regulation D, meaning it was sold privately without general advertising, to accredited investors — broadly, individuals meeting SEC income or net-worth thresholds. The stated minimum outside investment was $75,000, and the issuer indicated the offering was not intended to last more than one year.
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.