The Courtyard Apartments
Multifamily property in Garland, TX — sponsored by NAS Investment Solutions
Sponsor NAS Investment Solutions; min $171k; 4.97% fixed loan; $3.0M/$19.5M sold 8/25; ltd equity per 6/26 PR
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These links support the public record as a whole; individual details may come from different sources.
What is this, in one paragraph?
The Courtyard Apartments is a Garland, Texas apartment community held in a Delaware statutory trust — the fractional-ownership vehicle 1031 exchangers use to take title to replacement property. NAS Investment Solutions said it acquired the property on July 31, 2025, before the raise was finished.1 The Trust is still raising: the sponsor reported limited equity available on June 18, 2026.5
Minimum investment
$171k
Offering size
$19.5M
How much has sold
15.0%
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited 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?
NAS Investment Solutions said on July 31, 2025 that it had acquired this Garland apartment community — a sponsor statement, not a deed or price record, and no purchase price appears in the materials reviewed.1 The sponsor describes a 5.5-acre site and planned upgrades such as in-unit washers and dryers, presented as anticipated rather than completed.1 A sponsor brochure says NAS "took over" the property in 2011, without specifying ownership or management.2
- Property address
- 2046 N Shiloh Rd, Garland, TX
- Property size
- 123 units (484-971 SF, built 1983)
Who is the tenant, and what's the lease?
There is no single corporate tenant here: income comes from residents on individual apartment leases, and no rent roll or lease schedule appears in the reviewed public record. An undated IPA Texas listing reports 95% average occupancy over a trailing six-month period, which is not a confirmed current figure.3
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
15.0% reported sold
- Amount sold
- $3,003,382
- Reported unsold
- $16,496,618
- Investors reported
- 4
- Total offering
- $19,500,000
Not enough filings yet to show a trend.
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How is it financed, and what does it pay?
The Trust carries mortgage debt, so a lender's claim on the building and its rents ranks ahead of investor equity. No lender, principal or maturity appears in the sources located. The Form D reports $1,440,000 of proceeds earmarked for specified payments, including an estimated $500,000 to an affiliate for bridge financing.4
- Financing
- Leveraged. This offering reports mortgage debt on the property.
- Target hold
- 5nasinvestmentsolutions.com
Who's behind it?
NAS Investment Solutions packages DST offerings for 1031 exchangers, and its affiliate National Asset Services manages this property.5 On June 18, 2026 the sponsor said equity had reopened because previously allocated investors could not complete their transactions within the required timing, and described the property as acquired and operating with in-place cash flow.5 On July 14, 2026, NAS announced the full-cycle completion of a Clorox-leased office property in Bentonville, Arkansas, stating that investors received a 41% effective rate of return.
- Sponsor
- NAS Investment Solutions
- May convert to a REIT
- No
- Offerings from this sponsor
- 2 active / 4 total offerings from NAS Investment Solutions
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The lone filing is the brief exempt-offering notice an issuer sends the SEC after its first sale, which here was July 30, 2025; no later amendment appears on the reviewed EDGAR record.4 Rule 506(c) means the Trust may be advertised publicly, but each buyer's accredited status must be verified rather than self-certified.
- Form D filedFirst and latest filing on record.
- Legal Trust name
- 2046 Garland, DST
- Filings on record
- 1
- 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
Is The Courtyard Apartments still raising money?
Availability unconfirmed. Active means a filing within the past 15 months; it does not by itself establish current subscription availability.
Where does Top1031 get the data for The Courtyard Apartments?
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 does this Trust actually own?
One property: The Courtyard Apartments, a 123-unit community at 2046 N Shiloh Road in Garland, Texas, northeast of Dallas, with units of 484 to 971 square feet and a 1983 construction year. NAS Investment Solutions announced on July 31, 2025 that it had acquired the asset, describing it as a 123-unit property on a 5.5-acre site. No purchase price appears in the public materials reviewed.
Is the offering still open?
Yes, as far as the public record shows. On June 18, 2026, NAS Investment Solutions announced that a limited amount of equity was available in the Courtyard Apartments DST, said the property was already acquired and operating with in-place cash flow, and attributed the availability to previously allocated investors who could not complete their anticipated transactions within the required timing. The Form D filed August 6, 2025 remains the only filing on record.
What is known about the debt?
The Trust is financed with mortgage debt. NAS Investment Solutions' June 18, 2026 release states a fixed interest rate of 4.97% on the loan for this offering. The Form D also reports that $1,440,000 of proceeds was or was proposed to be used for specified payments, including an estimated $500,000 to an affiliate for bridge financing. No lender name, loan principal, loan-to-value ratio, maturity date or amortization schedule appears in the sources located; those terms sit in the PPM (the private placement memorandum, the governing disclosure document) and the loan documents.
Who can buy, and on what terms?
Only accredited investors — buyers meeting SEC income or net-worth thresholds. The offering is made under Rule 506(c), meaning it may be generally advertised but each investor's accredited status must be verified rather than self-certified. The Form D filed August 6, 2025 reports a $171,052 minimum investment accepted from an outside investor, and NAS Investment Solutions stated on June 18, 2026 that interests were offered only to qualified accredited investors, through a Private Placement Memorandum and subject to transfer restrictions and other limitations.
Who manages the building day to day?
National Asset Services, an affiliate of the sponsor. NAS Investment Solutions' June 18, 2026 release identifies National Asset Services as the manager of Courtyard Apartments. The management agreement and any fees payable to that affiliate are PPM items, as is the estimated $500,000 affiliate bridge-financing payment disclosed in the Form D.
What is not in the public record for this Trust?
A purchase price, a current rent roll, individual lease terms and expirations, a dated current occupancy confirmation, the loan principal, loan-to-value, maturity or balance, and any renovation budget. The only occupancy figure located is an undated IPA Texas listing reporting 95% average occupancy over a trailing six months. Only one Form D exists, filed August 6, 2025, and Form D carries no property or operating detail.
Chapter 9NAS Investment Solutions Announces Limited Equity Availability in Already-Acquired Dallas-Area Multifamily DST OfferingAnnounces limited remaining equity availability in The Courtyard Apartments DST located at 2046 N Shiloh Road in Garland, Texas.