Republic at Alamo Heights

Republic at Alamo Heights is a Historical offering: its latest SEC filing is outside the Active window. The outcome and source documents are shown separately.

Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

No. The Offering is closed to new investors — the sponsor's final Form D amendment, filed May 9, 2025, reported the raise finished with no amount left to sell.[4] Closed DSTs are held by their existing investors; interests are not traded on any exchange, and secondary transfers, where permitted at all, are governed by the trust agreement and the private placement memorandum (PPM), the offering's main disclosure document.

A single asset: Republic at Alamo Heights, a 278-unit mid-rise apartment community at 1111 Austin Highway in San Antonio, Texas.[2] JW Capital Management acquired it from ResProp in August 2023, and the property was subsequently placed into the Delaware Statutory Trust that syndicated fractional interests to 1031 exchange investors.[2] There is no diversified pool here — one building, one market.

This is multifamily, so no. Unlike a single-tenant net-lease DST, where one corporate tenant covers rent, taxes, insurance, and maintenance, an apartment property collects rent from hundreds of individual residents on short leases. Revenue depends on occupancy and rent levels that reset with each renewal, and operating costs stay with the property. The accessible record shows no named master tenant, occupancy figure, or lease-roll schedule.

The SEC filings do not say — the Form D lists only equity as the security offered and discloses no mortgage balance.[4] The San Antonio Business Journal, citing Bexar County records, reported a $23 million KeyBank loan taken out on the 2023 acquisition.[5] Whether that loan, its terms, or any refinancing sits inside the Trust today is a question for the PPM and the sponsor's current reporting.

Rule 506(c) is the exemption that lets an issuer advertise a private placement publicly — websites, mailers, press — provided every purchaser is an accredited investor and the issuer takes reasonable steps to verify it. In practice that means paperwork: tax returns, brokerage statements, or a written confirmation from your CPA or attorney, rather than the self-certification checkbox common under Rule 506(b) offerings.

Treat it as a lead, not a finding. On March 29, 2025, The White Law Group — a firm that represents investors in claims against brokers and sponsors — published a notice saying it was investigating potential securities-fraud claims involving this Trust.[6] Such notices are marketing for prospective claimants and are not regulatory action. No enforcement proceeding, judgment, or adverse outcome involving the Trust was located in the public record.