The Courtyard Apartments
Legal trust name 2046 Garland, DST
Talk to a 1031 specialistData updated Aug 6, 2025
Offering size$19.5M
Asset typeMultifamily
LocationGarland, TX
FinancingLeveraged
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedAug 6, 2025
Last filedAug 6, 2025
Minimum$171k
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.
The Courtyard Apartments is a 123-unit multifamily community at 2046 N. Shiloh Road in Garland, Texas, a northeastern suburb of Dallas. Built in 1983 on a 5.5-acre site, it is held by 2046 Garland, DST, sponsored by NAS Investment Solutions and managed by affiliate National Asset Services under Karen E. Kennedy. NAS acquired the stabilized, cash-flowing asset in late July 2025 and outlined a value-add plan to add in-unit washers and dryers. The DST carries fixed-rate, non-recourse financing at 4.97%. In June 2026, the sponsor re-announced limited equity availability in the offering.
Sponsor NAS Investment Solutions; min $171k; 4.97% fixed loan; $3.0M/$19.5M sold 8/25; ltd equity per 6/26 PR
123 units (484-971 SF, built 1983)Based on issuer-filed Form D notices through Aug 6, 2025. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount15.0%
Not enough filing history for a trend line.
Capital sold, per latest Form D$3,003,382
Remaining amount reported in latest Form D$16,496,618
Investor count reported in latest Form D4
Stated minimum investment$171,052
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First filedAug 6, 2025
Latest filingAug 6, 2025
Filings tracked1
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering profile
SEC filings + cited sources
Property and location
The Courtyard Apartments is a 123-unit multifamily community at 2046 N. Shiloh Road, Garland, Texas 75044, situated on a 5.5-acre site 1. Built in 1983, its units range from 484 to 971 square feet 5. NAS Investment Solutions acquired the property in late July 2025 as a sponsor-owned fractional (DST) offering 2.
Operations and value-add plan
At acquisition, the sponsor described the asset as stabilized and cash-flowing, with in-place rents above $1.80 per square foot, and outlined a value-add program to install in-unit washers and dryers to support rents and net operating income 3. Day-to-day property and asset management is handled by National Asset Services, the affiliated manager led by Karen E. Kennedy, who is also President and Founder of NAS Investment Solutions 4.
Offering status and financing
On June 18, 2026, NAS re-announced limited equity availability in the Courtyard Apartments DST after several previously allocated investors were unable to complete their transactions within the required timing; the sponsor also described the DST's fixed-rate financing at 4.97% as non-recourse 5. The issuer's Form D, filed August 6, 2025, reported a $19.5 million total offering amount with about $3.0 million sold as of that date 6.
In the news
Frequently asked questions
Is The Courtyard Apartments currently active?
The Courtyard Apartments is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for The Courtyard Apartments?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.