LSC-Reno NV, DST
Other property in Reno, NV — sponsored by Livingston Street Capital
Minimum investment
$50k
Offering size
$21.7M
How much has sold
100.0%
Asset type
Other property
Location
Reno, NV
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
LSC-Reno NV, DST is a Delaware statutory trust — a passive co-ownership vehicle whose beneficial interests can serve as replacement property in a 1031 exchange — sponsored by Livingston Street Capital and organized in 2022.1 It is closed to new investors. Its SEC filings never name the underlying real estate, so what the Trust owns is not established by the public record.1
Show sources (3)Hide sources (3)
These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
The public record does not establish what this Trust owns. The Form D/A selects only the broad "Residential" industry group and gives no property name, address, or operator, and the Radnor, Pennsylvania address on the filing is the issuer's office rather than a building.1 A third-party exchange advisory directory describes the Trust as a closed senior-housing offering in Reno, Nevada, a lead no primary record corroborates.3
- Reported location
- Reno, NV
How did it end?
No ending on record
No public full-cycle announcement, trade-press coverage, or sponsor disposition press release naming LSC-Reno NV, DST (a 2023-vintage Reno, NV offering that raised approximately $21,670,000 per RE-Transition) was identified.
Supporting evidence
How is it financed, and what does it pay?
The Form D/A reports the securities offered as equity and discloses no mortgage debt, loan principal, or loan-to-value, so whether the Trust carries leverage cannot be determined from the SEC record alone.1
Who's behind it?
Livingston Street Capital, LLC is named as the sponsor of the issuer, a Radnor, Pennsylvania firm that has organized DST offerings in the senior housing and residential space.1 The filing also names Livingston Street Multi15 Services, LLC as signatory trustee and LSC Depositor Reno Multi15, LLC as depositor — the affiliates that hold and administer the Trust on investors' behalf.1 No sponsor or property development bearing on this Trust appeared in public records reviewed through September 1, 2026.
- Sponsor
- Livingston Street Capital
- Legal Trust name
- LSC-Reno NV, DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 0 active / 4 total offerings from Livingston Street Capital
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The paperwork here is thin: an original Form D at launch and one amendment that updated the sales figures and reported a first sale date of August 4, 2023.2 The Trust was offered under Rule 506(c), which lets a sponsor advertise publicly but requires it to verify that every buyer is an accredited investor.
- First Form D filedThe public offering record begins.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 2
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
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.
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 Private Placement Memorandum before investing.
Common questions
What happened to LSC-Reno NV, DST?
Top1031 lists LSC-Reno NV, DST as historical. It is no longer raising money.
Where does Top1031 get the data for LSC-Reno NV, DST?
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.
What property does LSC-Reno NV, DST actually own?
The SEC record does not say. The Form D/A checks only the broad "Residential" industry group and provides no property name, address, or operator, so the underlying asset is not established by any primary filing. A third-party exchange advisory directory lists the Trust as a closed senior-housing offering in Reno, Nevada, but that description is uncorroborated by any property record. The private placement memorandum would be the source of record for the asset.
Can I still invest in this Trust?
No. LSC-Reno NV, DST is a Historical offering — closed to new investors. Its most recent Form D amendment was filed November 6, 2023, and no later filing appears in the SEC entity record. Investors seeking Livingston Street Capital offerings would need to look at the sponsor's current inventory.
Does the Trust use mortgage debt?
Unknown from the filings. The Form D/A reports an equity offering and discloses no loan amount, lender, or loan-to-value; Form D simply does not require that disclosure. Leverage, if any, would be described in the Trust's private placement memorandum (PPM), the offering document that carries the property, loan, and risk detail.
Is a 721/UPREIT exit contemplated?
Nothing in the record indicates one. A 721 or UPREIT exit is where a DST's property is contributed to a real estate investment trust in exchange for operating-partnership units, converting an investor's interest into REIT units instead of a taxable sale. This Trust is not flagged as a REIT-conversion candidate in the data on record.
Has the property been sold, refinanced, or gone into distress?
No such event is asserted by any source reviewed. Research through September 1, 2026 located no direct, high-confidence public record of a disposition, refinancing, foreclosure, or other material property event, and no outcome has been reported for this Trust. Absence of news is not evidence of performance in either direction.
What does Rule 506(c) mean for how this was sold?
Rule 506(c) is a private-placement exemption that permits general solicitation and advertising, in exchange for the issuer taking reasonable steps to verify that each purchaser is an accredited investor — typically through tax returns, brokerage statements, or a letter from a CPA or attorney. Self-certification alone is not sufficient under 506(c).
Chapter 8Livingston Street Capital - DST ListingsLists LSC-Reno NV, DST as a closed senior housing offering in Reno, NV at $21,670,000 equity.