The Courtyard Apartments
Multifamily property in Garland, TX — sponsored by NAS Investment Solutions
Files with the SEC as 2046 Garland, DST
Minimum investment
$171k
Offering size
$19.5M
How much has sold
15.0%
Asset type
Multifamily property
Location
Garland, TX
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
The Courtyard Apartments is an apartment community in Garland, Texas, in the Dallas area, held in a Delaware statutory trust (DST) — the fractional-ownership structure 1031 exchangers use to take title to replacement property. NAS Investment Solutions says it acquired the building before the raise finished.2 The Trust is still raising: the sponsor reported on June 18, 2026 that limited equity remained available.4
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.
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 announced on July 31, 2025 that it had acquired The Courtyard Apartments, describing a value-add asset on roughly 5.5 acres.2 No purchase price appears in the sources located. National Asset Services, the sponsor's affiliated operator, said it assumed asset and property management on August 6, 2025.3 Sponsor materials list planned upgrades including in-unit washers and dryers and do not identify completed work.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; income comes from residents on individual apartment leases, and no rent roll appears in the public record. A listing for the property advertised 15 available units and base rents of $1,049–$1,700, which is marketing availability rather than reported occupancy.5
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
- Still available
- $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?
Leveraged means the Trust carries mortgage debt, so investor equity sits behind a lender's claim on the building and its rents. Sponsor materials describe the loan as fixed-rate; they name no lender, and no principal, maturity or loan-to-value appears in the public record.6
- 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 affiliated operator, National Asset Services, runs the properties day to day.3 On June 18, 2026, the sponsor said limited equity had become available again in this Trust because previously allocated investors did not complete their transactions, and described the property as operating with in-place cash flow.4 On July 14, 2026 it 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
- Legal Trust name
- 2046 Garland, DST
- 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 Trust's single filing is the short exempt-offering notice an issuer sends the SEC after its first sale — reported as July 30, 2025 — to accredited investors, buyers meeting SEC income or net-worth tests.1 No amendment has been located. Because this offering may be generally advertised, each buyer's accredited status must be documented rather than self-certified.
- Form D filedFirst and latest filing on record.
- 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?
Top1031 lists The Courtyard Apartments as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
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, in the Dallas area, built in 1983 with units of 484 to 971 square feet. Sponsor materials describe the site as roughly 5.5 acres and say NAS Investment Solutions acquired the asset, announcing the purchase on July 31, 2025. No purchase price appears in any source located.
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 did not complete their transactions. The single Form D filed August 6, 2025 remains the only filing on record, and no amendment has been located.
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 accredited status must be verified with documentation rather than self-certified. Interests are offered through a Private Placement Memorandum (PPM), the governing disclosure document covering risks, fees and transfer restrictions. The Form D reports a $171,052 minimum investment for outside investors.
What is known about the debt?
Sponsor materials state that the loan carries a fixed interest rate of 4.97%. They name no lender and state no loan principal, loan-to-value ratio, maturity date or amortization schedule, and none appears in the Form D. Those terms sit in the PPM and the loan documents.
Who manages the building day to day?
National Asset Services, an affiliate of NAS Investment Solutions, stated that it assumed asset and property management of The Courtyard Apartments on August 6, 2025. The management agreement and any fees payable to the affiliate are PPM items.
What does the Form D say about use of proceeds?
The Form D filed August 6, 2025 reports $1,440,000 of offering proceeds applied to payments to named persons including officers, directors and affiliates, with an estimated $500,000 of that going to an affiliate for bridge financing. It reports no sales commissions and names Karen Kennedy as manager of the statutory trust. The full fee and expense schedule is a PPM item.
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.