JWCM Heights West, DST
sponsored by JWCM Exchange I
JWCM Heights West, DST, sponsored by JWCM Exchange I, filed its first Form D with the SEC on Sep 6, 2022 for a $14.8 million offering. Its last Form D, filed Mar 24, 2023, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Mar 24, 2023, reports the offering fully sold.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $14,882,588Equity offered, per the Form D
- Sold
- 100%Form D, Mar 24, 2023; the % is our arithmetic
- Investors reported
- Form D, Mar 24, 202342
- Selling commissions
- Form D Item 15; the % is our arithmetic$1,458,272 · 9.7% of offering
- 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: JWCM Heights West, DST. Top1031 is not a broker-dealer.What did JWCM Heights West, DST own?
JWCM Heights West, DST is a Delaware Statutory Trust — a passive co-ownership structure that can serve as replacement property in a 1031 exchange — sponsored by JWCM Exchange I, LLC of 445 Park Avenue, New York. 1 Its final Form D amendment, filed in March 2023, reported the offering fully subscribed, so it is closed to new investors. The underlying property has never been publicly identified.
How was it financed, and what did it cost to sell?
Costs and terms from the Form D
- Selling commissions
- $1,458,272 · 9.7% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $995,679 · 6.6% of offeringForm D Item 16· The filing’s note: “Item 16 is an estimate of acquisition fees and offering and organizational expenses that may accrue to one or more Related Persons.”
- Broker-dealers named in the Form D
- 4 named in the Form D
Show the firms
- Capulent LLC · CRD 155155
- DAI Securities, LLC · CRD 36673
- FNEX Capital, LLC · CRD 166316
- Realized Financial, Inc. · CRD 22333
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Aug 23, 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.
Who's behind JWCM Heights West, DST?
JWCM Exchange I, LLC is a New York sponsor at 445 Park Avenue, Suite 2101; Jason Warsavsky signed as president of the sponsor, with JWCM Heights West Manager, LLC as manager and signatory trustee and JWCM Heights West Depositor, LLC as depositor. 1 On April 30, 2024, The White Law Group published a notice that it was investigating potential claims against broker-dealers who recommended this Trust to investors — an announced inquiry, not a finding of misconduct or liability. 2
- Sponsor
- Offerings on record
What does the SEC record show?
The paperwork is an initial Form D followed by a run of amendments, each one stepping up the amount the issuer reported raised until the final amendment reported the offering fully subscribed. The issuer reported a first sale date of August 23, 2022 and stated that the offering was not intended to last more than one year. 1
- Legal Trust name
- JWCM Heights West, DST
- SEC CIK
- 1940976
- First Form D
- Sep 6, 2022
- Latest Form D
- Mar 24, 2023
- Filings on record
- 8
- 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 | $14,882,588 | $14,882,588+$445,722 | 42+2 | EDGAR | |
| Form D/A | $14,882,588 | $14,436,866+$460,819 | 40+1 | EDGAR | |
| Form D/A | $14,882,588 | $13,976,047+$2,016,500 | 39+4 | EDGAR | |
| Form D/A | $14,882,588 | $11,959,547+$397,582 | 35+3 | EDGAR | |
| Form D/A | $14,882,588 | $11,561,965+$4,000,726 | 32+11 | EDGAR | |
| Form D/A | $14,882,588 | $7,561,239+$2,275,275 | 21+8 | EDGAR | |
| Form D/A | $14,882,588 | $5,285,964+$1,581,444 | 13+6 | EDGAR | |
| Form D | $14,882,588 | $3,704,520 | 7 | 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 JWCM Heights West, DST?
- JWCM Heights West, DST is a Historical offering. The last Form D, filed Mar 24, 2023, reports the offering fully sold.
- What property does this Trust own?
- No public source identifies it. A Form D is a brief notice of an exempt securities sale and does not require the issuer to name the real estate, so the property name, address, asset type, size, and tenant for JWCM Heights West, DST remain undisclosed as of research conducted August 24, 2026. Note that JWCM's Republic at Alamo Heights acquisition in San Antonio is a separate offering filed under a different SEC identifier and is not this Trust.
- Is the Trust leveraged, and what did it pay for the property?
- Neither is disclosed. The Form D filings report only offering-level figures; they carry no mortgage lender, loan amount, loan-to-value, acquisition price, or acquisition date. An investor would have to look to the offering documents and sponsor reporting for those.
- What is the White Law Group investigation about?
- On April 30, 2024, the securities-law firm The White Law Group posted a notice that it was investigating potential claims against broker-dealers who may have improperly recommended JWCM Heights West DST to investors. A plaintiffs' firm announcing an investigation is a solicitation for potential claimants — it is not a regulatory action, a lawsuit outcome, or any finding that the sponsor or the Trust did anything wrong.
- Has the Trust reported an outcome — a sale or a 721 exit?
- No outcome has been reported. The SEC record ends with the March 24, 2023 amendment, and no filing or public source found through August 24, 2026 reports a property sale, refinancing, or conversion of investor interests into REIT operating-partnership units (a 721/UPREIT exit). The Form D record also indicates no planned REIT conversion.
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.