Woodside Trumbull
Multifamily property in Trumbull, CT · sponsored by JLL Exchange (JLLX)
Woodside Trumbull was a DST sponsored by JLL Exchange (JLLX) that owned a multifamily property in Trumbull, CT (199 units). Its last Form D was filed Feb 11, 2025.
How it ended
No outcome recorded · under 7 years
The record lists the offering as fully subscribed; the last Form D was filed Feb 11, 2025.
Key facts
- Minimum investment
- $75,000From the Form D
- Offering size
- $48,693,015Equity offered, per the Form D
- Sold
- 93.8%Form D, Feb 11, 2025; the % is our arithmetic
- Investors reported
- Form D, Feb 11, 202572
- Selling commissions
- Form D Item 15; the % is our arithmetic$3,661,530 · 7.5% of offering
- 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: Woodside Trumbull. Top1031 is not a broker-dealer.Woodside Trumbull · Trumbull, CT · Photo: mma.prnewswire.com
What did Woodside Trumbull own?
The asset is Woodside Trumbull, at 100 Woodside Court in Trumbull, Connecticut, a suburb inside the New York–Newark–Bridgeport combined statistical area. 1 The community was brand new for 2021: preleasing opened in January 2021 and the first residents moved in that February. 2 JLL Income Property Trust reported acquiring the property on December 21, 2021. 4
- Reported location
- Trumbull, CT
- Property size
- 199 units (70 built-for-rent townhomes + 129 multifamily units)
How was it financed, and what did it cost to sell?
Neither the Form D filings nor the sponsor materials reviewed state whether the Trust carries mortgage debt or owns the property free of financing, and no lender is named. Leverage is therefore a question for the offering documents.
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
- $3,661,530 · 7.5% 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
- 12 named in the Form D
Show the firms
- Commonwealth Financial Network · CRD 8032
- Concorde Investment Services, LLC · CRD 151604
- DAI Securities, LLC · CRD 36673
- Independent Financial Group, LLC · CRD 7717
- Janney Montgomery Scott LLC · CRD 463
- Jones Lang LaSalle Securities, LLC · CRD 120738
- 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
- Robert W. Baird & Co. Incorporated · CRD 8158
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Sep 17, 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 Woodside Trumbull?
JLL Exchange (JLLX) is the 1031 exchange platform affiliated with JLL Income Property Trust. The Form D names JLL Exchange TRS, LLC as sponsor and LaSalle Investment Management, Inc. as manager and signatory trustee. 5 On April 29, 2025, JLL Income Property Trust announced that JLLX Diversified VII — a $105 million program made up of this Trumbull community and a Class A industrial warehouse in Chandler, Arizona — had been fully subscribed. 3
- Sponsor
- Offerings on record
What does the SEC record show?
The opening Form D recorded a $52,307,568 offering; the next filing set the figure at $48,693,015, and every amendment after that did one thing — update the running sales tally and investor count. The filings report a first sale date of September 17, 2024. 5
- Legal Trust name
- JLLX Woodside Trumbull Apartments, DST
- SEC CIK
- 2035748
- First Form D
- Aug 30, 2024
- Latest Form D
- Feb 11, 2025
- Filings on record
- 12
- 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 | $48,693,015 | $45,689,749+$820,429 | 72+2 | EDGAR | |
| Form D/A | $48,693,015 | $44,869,320+$1,364,357 | 70+4 | EDGAR | |
| Form D/A | $48,693,015 | $43,504,963+$1,661,452 | 66+4 | EDGAR | |
| Form D/A | $48,693,015 | $41,843,511+$6,401,111 | 62+9 | EDGAR | |
| Form D/A | $48,693,015 | $35,442,400+$7,726,508 | 53+14 | EDGAR | |
| Form D/A | $48,693,015 | $27,715,892+$1,753,592 | 39+5 | EDGAR | |
| Form D/A | $48,693,015 | $25,962,300+$2,570,801 | 34+3 | EDGAR | |
| Form D/A | $48,693,015 | $23,391,499+$2,835,639 | 31+6 | EDGAR | |
| Form D/A | $48,693,015 | $20,555,860+$6,346,759 | 25+7 | EDGAR | |
| Form D/A | $48,693,015 | $14,209,101+$2,296,657 | 18+13 | EDGAR | |
| Form D (new notice) | $48,693,015 | $11,912,444 | 5 | EDGAR | |
| Form D | $52,307,568 | $0 | EDGAR |
Show all 12 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 Woodside Trumbull?
- Woodside Trumbull is a Historical offering. The record lists the offering as fully subscribed; the last Form D was filed Feb 11, 2025.
- What does the Trust actually own?
- A single residential community in Trumbull, Connecticut — 199 units made up of 70 built-for-rent townhomes and 129 multifamily apartment units, completed in 2021. The address is 100 Woodside Court. There is one property, so there is no diversification across markets or asset types inside this Trust.
- Who runs the Trust day to day?
- The Form D identifies JLL Exchange TRS, LLC as the sponsor and LaSalle Investment Management, Inc. as the manager and signatory trustee. In a DST, investors are passive: they cannot vote on operations, refinancing, or the timing of a sale. Those decisions sit with the trustee and manager under the trust agreement.
- Is there a 721/UPREIT exit?
- This record does not show a 721/UPREIT conversion feature — the structure in which DST interests are later exchanged for operating-partnership units in a REIT, deferring tax but ending 1031 eligibility for that position. Any exit mechanics, including a sponsor option to acquire the property, would be spelled out in the offering documents.
- How much debt is on the property?
- The public record reviewed does not disclose the Trust's leverage, loan terms, or lender. For a leveraged DST, the mortgage matters twice over: it affects cash flow and it supplies the debt replacement many exchangers need to satisfy 1031 requirements. That figure has to come from the offering documents.
In the news
Sources
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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.